Quarterly Property and Economic Report Q1 2012
The Quarterly Economic and Property Report is a great tool for overcoming objections based on the macro-economy. These objections are typically concerns about whether interest rates will go up, unemployment will increase or the economy will crash. All of these issues are discussed in the report.
The Quarterly Economic and Property Report will usually include commentary on the following macro-economic indicators:
Quick facts from the report...
With global economic conditions worsening and equity markets increasing in volatility, sentiment and confidence in the market has deteriorated. As a result the RBA has taken large steps to avoid dampening Australian productivity by cutting the official cash rate in November and December, by .25 per cent each month. The standard home loan interest rate has decreased to 7.3 per cent from the prolonged steady period at 7.8 per cent.
On a monthly basis the Australian Consumer Sentiment Index decreased a further 8.6 points over the month of December 2011, to record a score of 94.7 points. This result is considerably negative, considering the survey was undertaken a week after the recent rate cut by the RBA.
The September 2011 CPI figures recorded an annual change of 3.5 per cent, which is a decrease from the previous quarter of 3.6 per cent, but still outside the RBA target range of two to three per cent. The RBA predicts that inflation will track within the target range over the next couple of years.
During the month of December 2011, unemployment increased to five per cent (which is just above the longer-term five year average of 4.9 per cent). When looking at the moving annual average, the rate has been steady at 5.1 per cent since the first quarter of 2011.
Please click on the report link below to view the full 24 page Economic and Property Report for Q1 2012.