Monday, May 24, 2010

property again will no doubt save the day...

Hi InsideStory readers,

Feeling twitchy lately, this CommSec report will make you feel better hopefully, steady as she goes, property again will no doubt save the day!!

CommSec (pdf)


Anthony Toop, Managing Director.
© Toop Real Estate Group

Wednesday, May 12, 2010

The Budget - made easy.

InsideStory Bloggers and Readers,

While I have had a raft of Budget summaries this morning appear in my inbox, it seems that CommSec always seem to be able to put this type of information in an easily read format that even I can absorb easily….so here it is.

CommSec (pdf)

Don’t forget we seem to be ramping up the information on Toop.TV each week and we have some awesome material this week along with some amazing property to check out.

The Countries leading guru on Social Media marketing is on today….speaking about new ways of selling property.

Join us live every Wednesday at 1pm on or download podcast or view on our library any time.


Anthony Toop, Managing Director.
© Toop Real Estate Group

Tuesday, May 04, 2010

Interest Rate Rise


Here we go again, another rate rise….



Media Release

4 May 2010

For Immediate Release

Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010.

Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain quite weak, though recent data suggest growth is becoming more established in North America. In Asia, where financial sectors are not impaired, growth has continued to be strong, contributing to pressure on prices for raw materials. The authorities in several countries outside the major industrial economies have now started to reduce the degree of stimulus to their economies.

Global financial markets are functioning much better than they were a year ago, but sovereign risk concerns have escalated significantly in Europe over recent weeks. This has prompted additional efforts by policymakers to put fiscal policies onto a sounder footing and to provide support for Greece in the near term. To date, there has been very little contagion outside Europe.

Australia’s terms of trade are rising by more than earlier expected, and this year will probably regain the peak seen in 2008. This will add to incomes and foster a build-up in investment in the resources sector. Under these conditions, output growth over the year ahead is likely to exceed that seen last year, even though the effects of earlier expansionary policy measures will be diminishing. The process of business sector deleveraging is moderating, with business credit stabilising and indications that lenders are starting to become more willing to lend to some borrowers, though credit conditions for some sectors remain difficult. Credit outstanding for housing has been expanding at a solid pace. New loan approvals for housing have moderated over recent months as interest rates have risen and the impact of large grants to first-home buyers has tailed off. Nonetheless, at this point the market for established dwellings is still characterised by considerable buoyancy, with prices continuing to increase over recent months.

Recent data on inflation confirm that it has declined from its peak in 2008, helped by a noticeable slowing in private-sector labour costs during 2009, the rise in the exchange rate and the earlier period of slower growth in demand. In both underlying and CPI terms, inflation over the most recent 12 months was around 3 per cent. Nonetheless, the extent of decline from here may not be quite as much as earlier forecast and inflation now appears likely to be in the upper half of the target zone over the coming year.

With the risk of serious economic contraction in Australia having passed some time ago, the Board has been adjusting the cash rate towards levels that would be consistent with interest rates to borrowers being close to the average experience over the past decade or more. The Board expects that, as a result of today’s decision, rates for most borrowers will be around average levels. This represents a significant adjustment from the very expansionary settings reached a year ago.

The Board will continue to assess prospects for demand and inflation, and set monetary policy as needed to achieve an average inflation rate of 2–3 per cent over time.

Anthony Toop, Managing Director.
© Toop Real Estate Group

Monday, May 03, 2010

Cages Rattled!

Hi InsideStory Readers

Well the SHOWDOWN 1 Wednesday promises to be a big event as Property people go head to head with Share Brokers but read this report and explain to me how the property bubble will burst with such a lack of supply. People have to live somewhere! I know escalating prices and affordability are a real issue, but supply and demand factors are too, check these stats on the shortage we are heading into!!

CommSec Research: New housing report to rattle cages (pdf)


Anthony Toop, Managing Director.
© Toop Real Estate Group