House prices in August rose by 0.4%
The average price of all residential property transactions completed in England & Wales in August 2009 was 0.4% higher than in July. This is the fourth month in succession in which we have seen positive growth in house prices, albeit at low levels.
• Prices are now 8.6% lower than a year ago
On an annual basis, the average price of all residential property transactions in England and Wales in August is 8.6% lower than a year ago. The trough in the house price decline, on an annual basis, was reached in April 2009 at minus 13.4%.
• Housing Transactions have now doubled since January 2009
The number of housing transactions has increased each month from a low of 27,200 in January 2009, to more than double this number in July 2009. However, this figure still represents a decline of 48% from the long run average of 105,270 property sales per month, over the seven year period 2001 to 2007.
Dr Peter Williams Chairman of Acadametrics said
“The average house price has continued to rise but at £202,181 it is back, so far, only to where it was in April 2006. The monthly price rise of 0.4% contrasts markedly with the 2.2% price drop in November 2008; the data do suggest that the sharpest falls are now behind us and that the rate of decline has now reversed, even if it is too early to talk of a prolonged reversal.”
To read the whole article go to - http://www.ipsinvest.com/News.aspx?id=178
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Tuesday, September 22, 2009
Thursday, September 10, 2009
More good news for Australia!
Australian residential markets continue to record solid gains in July
Over the first seven months of the year Australian home values increased across every capital city, rising by 5.9 percent nationally. Based on Australia’s largest property database, owned by rpdata.com which
includes roughly 145,000 sales for the first seven months of 2009,Australia’s housing recovery has continued in the month of July with solid across-the-board capital gains. According to the market respected RP Data-Rismark Home Value Index, Australian home values rose by +0.9 percent in the month of July 2009. This brings total capital growth in the first seven months of 2009 to 5.9 percent.
Underpinned by historically low mortgage rates and only small rises in
Click here for more and to download.
http://www.ipsinvest.com/News.aspx?id=177
Over the first seven months of the year Australian home values increased across every capital city, rising by 5.9 percent nationally. Based on Australia’s largest property database, owned by rpdata.com which
includes roughly 145,000 sales for the first seven months of 2009,Australia’s housing recovery has continued in the month of July with solid across-the-board capital gains. According to the market respected RP Data-Rismark Home Value Index, Australian home values rose by +0.9 percent in the month of July 2009. This brings total capital growth in the first seven months of 2009 to 5.9 percent.
Underpinned by historically low mortgage rates and only small rises in
Click here for more and to download.
http://www.ipsinvest.com/News.aspx?id=177
Wednesday, September 9, 2009
What information do you want from IPS?
Dear IPS Investor
IPS continually endevors to provide you with all the information and knowledge we can? We believe it is a two step process, first get the knowledge and then people will be able to educated and sophisticated decisions about investing.
We use all the technology mediums to try and educate you and keep you up to date.
What do you want though?
- More video?
- More overviews of the market which summarise what is happening?
- Individual view points on topics?
- Keep it as is?
Please give us feedback - good and bad!
I really look forward to hearing from you.
Yours sincerely
Scott Picken
IPS CEO
IPS continually endevors to provide you with all the information and knowledge we can? We believe it is a two step process, first get the knowledge and then people will be able to educated and sophisticated decisions about investing.
We use all the technology mediums to try and educate you and keep you up to date.
What do you want though?
- More video?
- More overviews of the market which summarise what is happening?
- Individual view points on topics?
- Keep it as is?
Please give us feedback - good and bad!
I really look forward to hearing from you.
Yours sincerely
Scott Picken
IPS CEO
Bond Choice, OzInvest and IPS launch Joint Venture
Hundreds of thousands of South Africans would like to invest overseas, but either don’t have the knowledge, the money or the offshore allowance. There are many reasons for this and some of them are: - they are prudent investors and want to diversify their investments, a Rand hedge, insurance policy, the prestige of owning international property, possibly even for immigration, etc.
The most important thing though is that they do not know what to do next? People in JHB are often presented with opportunities, but most of the people in the rest of the country are never presented with opportunities and when they are how do they trust the source?
For this reason the Joint Venture was formed between these 3 companies. Bond Choice with their national reach, offices in all major cities and most importantly relationships with hundreds of thousands of people, if not millions of South Africans home owners, presented the perfect opportunity to reach many South Africans and provide them with the opportunity of investing overseas.
Bond Choice also did their thorough due diligence, including flying to Australia to investigate OzInvest, a company which specialises in helping people invest in Australia. The company was formed in 1987 and was designed to help Defence Force people buy property while they were abroad. Therefore this provided the perfect opportunity for South Africans who were also investing from far to invest in Australia remotely. They handle everything, including offering a 10 year lease back, which guarantees the investors rental income for 10 years and more!
International Property Solutions, IPS, a South African company which specialises in helping people invest overseas, has been brought in to provide the End to End solution between Bond Choice clients and the OzInvest products.
Scott Picken, IPS CEO “We are very excited about this Joint Venture as we have had a huge demand for offshore property, in particular Australia, and we believe the more people who know about the opportunities overseas, trust the source and have the knowledge will be able to benefit directly, which is great for all South Africans!”
The most important thing though is that they do not know what to do next? People in JHB are often presented with opportunities, but most of the people in the rest of the country are never presented with opportunities and when they are how do they trust the source?
For this reason the Joint Venture was formed between these 3 companies. Bond Choice with their national reach, offices in all major cities and most importantly relationships with hundreds of thousands of people, if not millions of South Africans home owners, presented the perfect opportunity to reach many South Africans and provide them with the opportunity of investing overseas.
Bond Choice also did their thorough due diligence, including flying to Australia to investigate OzInvest, a company which specialises in helping people invest in Australia. The company was formed in 1987 and was designed to help Defence Force people buy property while they were abroad. Therefore this provided the perfect opportunity for South Africans who were also investing from far to invest in Australia remotely. They handle everything, including offering a 10 year lease back, which guarantees the investors rental income for 10 years and more!
International Property Solutions, IPS, a South African company which specialises in helping people invest overseas, has been brought in to provide the End to End solution between Bond Choice clients and the OzInvest products.
Scott Picken, IPS CEO “We are very excited about this Joint Venture as we have had a huge demand for offshore property, in particular Australia, and we believe the more people who know about the opportunities overseas, trust the source and have the knowledge will be able to benefit directly, which is great for all South Africans!”
Runaway rand gets lift from reserves
THE rand hit a new 13-month peak yesterday, boosted by rising global risk appetite, higher gold prices and a surge in reserves after a 2,17bn shot in the arm from the International Monetary Fund (IMF).
The currency firmed to R7,57/ — its strongest level since August last year — and traders said it could extend its gains if the global backdrop remains favourable.
The trend is good news for SA’s inflation outlook, but disturbing for the embattled manufacturing sector, which could shed more jobs as rand strength erodes the competitiveness of local exports.
Gross gold and foreign exchange reserves leapt 6,2% to 38bn last month after the IMF gave SA 2,2bn as part of a worldwide cash injection, data from the Reserve Bank showed yesterday.
They are set to climb further this month as SA will get another 281m cash allocation from the IMF, and may add to its reserves the proceeds of a 500m increase in its global bond issue last month.
The IMF agreed earlier this year to disburse the equivalent of 250bn to member states to help them deal with the global crisis.
Local banks have been shielded from the credit crunch, but the rand lurched to R11,87/ late last year as investors sold “risky” assets.
Ample reserves help shield a country’s currency from global volatility. SA’s reserves have climbed steadily since 2004, but still tend to lag those of its emerging market peers, and the Bank has said it will continue to build them.
The latest inflows will remove any immediate pressure on the Bank to buy foreign exchange aggressively in the months ahead, which would weigh on the rand.
Since the global crisis erupted, the Bank has refrained from buying large amounts of foreign exchange, to avoid destabilising the rand and sparking higher inflation.
“Everything in the short term looks good for the rand,” said Citgroup senior dealer Julian Wilson. “Provided none of the global factors come back to haunt us it looks set to see further strength.”
The rand broke a key level at R7,72/ on Thursday after news that SA’s current account deficit shrank more sharply than expected in the second quarter of the year.
Its rally gained momentum yesterday as global stock prices closed near their peak this year, driven by a weekend agreement by G-20 countries to keep economic stimuli running. The JSE rose 1%, up for the third trading session running.
Gold prices also supported the rand, edging above 995/oz and approaching the 1000 level. The local unit was in step with the Australian dollar, which scaled a one-year peak yesterday.
Wilson said the rand would have scope to appreciate to R7/ in coming weeks if it broke the next significant level at R7,50/ . It has risen 26% against the dollar this year and 20% against a trade- weighted basket of currencies.
Other analysts have similar views . “There are a number of factors which could drive further rand gains in the short term, but we have some concerns over the medium term,” said Rand Merchant Bank currency strategist John Cairns. These included high inflation and the likelihood that SA’s deficit on the current account would start expanding again soon, he said.
Imports have fallen much faster than exports this year as the country entered its first recession since 1992. They are expected to rise faster than exports when growth rebounds.
isam@bdfm.co.za
The currency firmed to R7,57/ — its strongest level since August last year — and traders said it could extend its gains if the global backdrop remains favourable.
The trend is good news for SA’s inflation outlook, but disturbing for the embattled manufacturing sector, which could shed more jobs as rand strength erodes the competitiveness of local exports.
Gross gold and foreign exchange reserves leapt 6,2% to 38bn last month after the IMF gave SA 2,2bn as part of a worldwide cash injection, data from the Reserve Bank showed yesterday.
They are set to climb further this month as SA will get another 281m cash allocation from the IMF, and may add to its reserves the proceeds of a 500m increase in its global bond issue last month.
The IMF agreed earlier this year to disburse the equivalent of 250bn to member states to help them deal with the global crisis.
Local banks have been shielded from the credit crunch, but the rand lurched to R11,87/ late last year as investors sold “risky” assets.
Ample reserves help shield a country’s currency from global volatility. SA’s reserves have climbed steadily since 2004, but still tend to lag those of its emerging market peers, and the Bank has said it will continue to build them.
The latest inflows will remove any immediate pressure on the Bank to buy foreign exchange aggressively in the months ahead, which would weigh on the rand.
Since the global crisis erupted, the Bank has refrained from buying large amounts of foreign exchange, to avoid destabilising the rand and sparking higher inflation.
“Everything in the short term looks good for the rand,” said Citgroup senior dealer Julian Wilson. “Provided none of the global factors come back to haunt us it looks set to see further strength.”
The rand broke a key level at R7,72/ on Thursday after news that SA’s current account deficit shrank more sharply than expected in the second quarter of the year.
Its rally gained momentum yesterday as global stock prices closed near their peak this year, driven by a weekend agreement by G-20 countries to keep economic stimuli running. The JSE rose 1%, up for the third trading session running.
Gold prices also supported the rand, edging above 995/oz and approaching the 1000 level. The local unit was in step with the Australian dollar, which scaled a one-year peak yesterday.
Wilson said the rand would have scope to appreciate to R7/ in coming weeks if it broke the next significant level at R7,50/ . It has risen 26% against the dollar this year and 20% against a trade- weighted basket of currencies.
Other analysts have similar views . “There are a number of factors which could drive further rand gains in the short term, but we have some concerns over the medium term,” said Rand Merchant Bank currency strategist John Cairns. These included high inflation and the likelihood that SA’s deficit on the current account would start expanding again soon, he said.
Imports have fallen much faster than exports this year as the country entered its first recession since 1992. They are expected to rise faster than exports when growth rebounds.
isam@bdfm.co.za
Aus property prices up 4.2%
According to the Australian Bureau of statistics, the average growth accross the top 8 Australian cities is 4.2% for the last quarter.
ESTABLISHED HOUSE PRICES
Quarterly Changes
Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities increased 4.2% in
the June quarter 2009.
There were price rises in all capital cities with Sydney (+4.9%), Melbourne (+5.2%), Perth (+2.7%), Brisbane (+2.5%) and Adelaide (+3.4%) the major contributors to the weighted average of the eight capital cities. There were smaller contributions from Canberra (+3.6%), Hobart (+2.5%) and Darwin (+2.4%).
The movement in the preliminary established house price index between December quarter 2008 and March quarter 2009 has been revised from an estimated decrease of 2.2% to an estimated decrease of 1.5%.
ANNUAL CHANGES (JUNE QUARTER 2008 TO JUNE QUARTER 2009)
Over the year to June 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight
capital cities decreased 1.4%.
Go to http://www.ipsinvest.com/News.aspx?id=175 to download the article.
ESTABLISHED HOUSE PRICES
Quarterly Changes
Preliminary estimates show the price index for established houses for the weighted average of the eight capital cities increased 4.2% in
the June quarter 2009.
There were price rises in all capital cities with Sydney (+4.9%), Melbourne (+5.2%), Perth (+2.7%), Brisbane (+2.5%) and Adelaide (+3.4%) the major contributors to the weighted average of the eight capital cities. There were smaller contributions from Canberra (+3.6%), Hobart (+2.5%) and Darwin (+2.4%).
The movement in the preliminary established house price index between December quarter 2008 and March quarter 2009 has been revised from an estimated decrease of 2.2% to an estimated decrease of 1.5%.
ANNUAL CHANGES (JUNE QUARTER 2008 TO JUNE QUARTER 2009)
Over the year to June 2009, preliminary estimates show that the price index for established houses for the weighted average of the eight
capital cities decreased 1.4%.
Go to http://www.ipsinvest.com/News.aspx?id=175 to download the article.
UK House prices rise 0.1% in July
JULY 2009
FTHPI NEWS RELEASE 9:30 FRIDAY 7TH AUGUST 2009
England and Wales house price trends from Acadametrics
• House prices in July rose by 0.1%
The average price of all property transactions completed in England & Wales in July 2009 was 0.1% higher than in June. This is the second month in succession that we have seen positive growth in house prices, albeit at low levels.
• Prices are now 10.9% lower than a year ago
On an annual basis, the average price of all completed transactions in England and Wales in July is 10.9% lower than a year ago. The trough in the house price decline, on an annual basis, was reached in April 2009 at minus 13.6%.
• Housing Transactions are on the increase
The number of housing transactions has increased each month from a low of 27,000 in January 2009, to a figure of 47,000 in June 2009. In Q1 of this year the monthly average number of properties sold was 30,598; this is 63.4% lower than the average number of properties sold during the same three months for the period 2000–2008. In Q2 of this year the monthly average number of properties sold was 41,971; this is 58.4% lower than the average number of properties sold during the same three months for the period 2000–2008.
Dr Peter Williams Chairman of Acadametrics said
“The average house price continues just below the £200,000 mark and at £199,903 is now back to where it was in February 2006, that is more than 3 years ago.
“The monthly % change at 0.1% contrasts markedly with the -2.2% in November 2008, and the data do suggest that the sharpest falls are behind us and that the rate of decline has now slowed significantly, even if it is too early to talk of a prolonged reversal.”
Go to http://www.ipsinvest.com/News.aspx?id=174 to download the full document.
FTHPI NEWS RELEASE 9:30 FRIDAY 7TH AUGUST 2009
England and Wales house price trends from Acadametrics
• House prices in July rose by 0.1%
The average price of all property transactions completed in England & Wales in July 2009 was 0.1% higher than in June. This is the second month in succession that we have seen positive growth in house prices, albeit at low levels.
• Prices are now 10.9% lower than a year ago
On an annual basis, the average price of all completed transactions in England and Wales in July is 10.9% lower than a year ago. The trough in the house price decline, on an annual basis, was reached in April 2009 at minus 13.6%.
• Housing Transactions are on the increase
The number of housing transactions has increased each month from a low of 27,000 in January 2009, to a figure of 47,000 in June 2009. In Q1 of this year the monthly average number of properties sold was 30,598; this is 63.4% lower than the average number of properties sold during the same three months for the period 2000–2008. In Q2 of this year the monthly average number of properties sold was 41,971; this is 58.4% lower than the average number of properties sold during the same three months for the period 2000–2008.
Dr Peter Williams Chairman of Acadametrics said
“The average house price continues just below the £200,000 mark and at £199,903 is now back to where it was in February 2006, that is more than 3 years ago.
“The monthly % change at 0.1% contrasts markedly with the -2.2% in November 2008, and the data do suggest that the sharpest falls are behind us and that the rate of decline has now slowed significantly, even if it is too early to talk of a prolonged reversal.”
Go to http://www.ipsinvest.com/News.aspx?id=174 to download the full document.
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