December 2013

A Christmas Message from Resi's CEO, Angelo Malizis

By the resi financial blog team, 19 December 2013

Christmas 2013

Christmas is a wonderful time to reflect on the year we’ve just had while looking forward to all the possibilities the year ahead will bring. 2013 has certainly delivered some encouraging results for Resi and the industry we operate within.
 
It would be impossible to think about the past year and not mention the record low interest rates we’re experiencing. Who would have predicted they would get to the level they are at the moment? Our customers have certainly benefited with reductions of up to 1 per cent during the year ...

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Population growth highlights demand for new housing

By the resi financial blog team, 19 December 2013

Population growth highlights demand for new housing

Demographic data released by the Australian Bureau of Statistics (ABS) earlier this week (December 17) illustrated the increasing demand for housing as the number of people living across the nation continues to grow.

Australia's population rose to 23.13 million in mid-2013, after adding 407,000 over the year to June 2013 - reaching a growth rate of 1.8 per cent and settling well above the long term average.

There were another 162,656 people added to the population through natural growth (births minus deaths) during 2012/13, an increase of 2.6 per cent over t ...

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Rental vacancy rates in Melbourne drop during November

By the resi financial blog team, 17 December 2013

Vacancy rates drop in Melbourne

Vacancy rates in Victoria's capital have remained relatively low heading into the Christmas period, which could be great news for anyone considering taking out an investment loan for property in Melbourne.

The latest data from the Real Estate Institute of Victoria (REIV) has indicated the vacancy rate grew by just 0.2 percentage points during November, returning to the September level of 2.9 per cent.

However, these are far below the rates seen earlier this year, which began at a high 3.6 per ...

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