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Ah - that is the vital bit of information I was missing. In that case there is no way the rental vacancy rate in Sydney could be 1%... I mean, if your girlfriend owns in Melbourne, and she hasn't had a rent rise... what was I thinking! You are a font of knowledge urbanprospector, we need more...

Well, the rental vacancy rate in Sydney is 1%, which is incredibly low. But hey, if that bastion of truth, Ten News, says there's a glut, who am I to argue?

Latest RBA financial aggregate data. Overall credit growth accelerating again, with property investors leading the charge. Business credit still looking shaky.

Latest chart... property investors still appear to be returning...

Latest financial aggregates. Housing credit growth is currently running at 8.1% annualised, and accelerating (led by investors at the moment). Business lending still looks very unhealthy.

Hi Boz, thanks for the reminder. Actually I already posted it on the CreditCrunch site today. Here you go...

Thanks for the reminder Boz... here you go...

Housing Finance, Australia, Aug 2009 Looks like investors are coming back, as predicted... http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/5609.0Main+Features1Aug%202009?OpenDocument Up 7.6%... that's quite a jump. Probably influenced the RBA decision to increase interest rates.

Latest RBA Financial Aggregates. Latest RBA Financial Aggregates. Housing finance continues to pick up, however personal and business credit is still falling year on year. Hard to see how the RBA could raise rates significantly, especially given the continuing decline in business finance...

Latest RBA Financial Aggregates, for those who are interested... Good to see housing credit growth is picking up for the first time in a few years. This really goes along with the uptick in housing finance commitments discussed earlier in this thread. Once the finance has been committed...

Finance continues to grow. Housing finance commitments still rising strongly in May.

Do I want to comment on Chris' statement that house prices can fall? That is a strange question to ask me! I agree with the statement. Prices in Sydney for example are currently 20% below their last peak in real terms, and nothing in life is a sure bet (not even death and taxes). :D Not...

Hi Antom, In addition to Michael's comments, please note that your graph is based on Stapledon's discredited data. Nobody was actually collecting Australian median house price statistics in the 1800s and early 1900s. Stapledon’s methodology for collecting the statistics is described in his...

Hi Bayview, Yes, the chart is just a high level overview. If you follow the link to the ABS site in my first post you will find all the details you're looking for there. The strong FHB activity has overflowed to other markets. Finance is up across the board, not just for FHBs. Full details...

Apologise?! That's no fun... why can't we spend another 10-20 posts arguing? Pointless circular arguments are the best type. Just joking. No worries Boz. :D

Greed? Is that how you would describe yourself Boz. Or just how you would describe me?

What makes you think I'm greedy? Less of the argumentum ad hominem please. :) More strawman. Who said they would? Real estate industry interests necessarily leading to home price increases? Huh? Where on earth did that come from? :confused:

You thought I was claiming that finance approvals were directly correlated with house price growth. You were confused and wrong about that, because you misunderstood my posts. Then, in order to attack my position, you proceeded to build a strawman argument using your incorrect assumptions. That...

Gremlin, I didn't say there was a direct correlation with house price movements. That's just something you made up in order to create your strawman argument. What I said was that it was positive for the property market, in terms of increased demand for housing (which MAY lead to higher prices)...

Oz Housing Upturn Becoming More Broadly Based http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=33521AB6-1871-E587-E1524971E0752A28