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The Reserve Bank (RBA) held their May board meeting on Tuesday of this week. At this meeting the RBA board decided to keep official interest rates unchanged at 4.75% . In relation to housing and credit the board specifically noted:
overall credit growth remains quite modest. Signs have continued to emerge of some greater willingness to lend, and business credit has resumed growth after a period of contraction. Growth in credit to households, on the other hand, has softened recently, as have housing prices in several cities. The exchange rate has risen further and, in real effective terms, is at its highest level in several decades. This, if sustained, could be expected to exert additional restraint on the traded sector. Clearly the soft housing and credit sector is now pretty low on the RBAs list of inflationary concerns at the moment. Much more important are measures such as: commodity prices, unemployment, inflation and private investment. Although the RBA did not lift official interest rates, many believe that a rate hike is just around the corner.
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Read More... |
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Tips & Tricks: There be treasure in those maps - Why mapping works
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by Gil Davis
This is a tale of two pirates and their search for treasure.
Captain Stupid knew it all. He thought that all he had to do was turn up at an island and have a quick chat with the natives. Sure as eggs theyd give him the treasure. He called this tactic Winging it. Very occasionally it worked.
Captain Clever took a more strategic approach. He carefully planned his attack, finding out everything he could about the island and who lived there. Most importantly he made sure he had a treasure map, and you wont be surprised to discover that most of the time he found the loot.
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Learn more... |
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Video - Tim Lawless examines the Indices |
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Last week saw the release of the latest RP Data-Rismark Home Value Index. This week, RP Data research director, Tim Lawless, looks at the results in detail and what they mean to you.
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Share your testimonials on rp.connect |
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Testimonials are an important part of marketing yourself. They can help to demonstrate your authenticity and credibility. You can now include testimonials on your rp.connect page.
To highlight our continued investment in rp.connect, we've added the following features to its latest release:
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New testimonials widget - Add and display your testimonials to showcase to your readers.
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Facebook widget enhancements - All of your images, videos and links are now pulled from your Facebook feed to your rp.connect site Facebook widget.
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Email reminder to keep your site fresh and up-to-date.
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Spam checking in the contact email form.
Watch the tutorial video here
on how to activate your testimonials widget and start showcasing your testimonials on your website.
For more details on the latest list of enhancements and how they work visit our Product Blog,
http://productblog.rpdata.com
If you need any assistance in updating or tweaking your rp.connect site, contact our friendly Customer Care Team on 1300 734 318 or email
support@rpdata.com
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Premium peril weighing down the market
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Outside of Sydney the continuing weakness within the premium housing sector is hampering the broader market performance and resulting in value falls as witnessed in the latest RP Data-Rismark Home Value Index results.
The RP Data-Rismark suite of indices includes a stratified hedonic index which measures the performance of the major capital city markets across the most affordable 20% of suburbs, the middle 60% and the most expensive 20%. The index provides an important insight about the performance of different sectors of the market based on price. It also highlights that although the market may be showing an overall trend the results can be quite different amongst sectors and different capital cities.
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Read the full article... |
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Come and see us at this month's conferences! |
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May is the month when the Australian real estate industry struts its stuff at a series of high-profile conferences and events. Opportunities abound to learn from the experts, network with professionals and to get a clear idea of where the market's heading. If you've not yet booked your attendence to these conferences, make sure you don't miss out on the opportunities they present.
RP Data will be on the road this May, visiting the
Advanced Real Estate Learning (AREL) Play A Smarter Game
conference, the
Australian Real Estate Conference (AREC) for 2011
, and many more. Drop by and see us to get a hand-on demonstration of how RP Data can help your business operate easier, faster and smarter.
To find out where RP Data will be presenting, call us on 1300 734 318 or visit
our website
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Market slowdown likely to create a hole in State budget revenues
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The number of home sales moved upwards sharply in February, increasing from just 23,047 sales in January up to 32,090 in February. The upwards movement is partly seasonal, with the January sales volumes typically lower due to the time of year. The severe weather events recorded during January would have also contributed to a slower than normal property market in January.
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Read the full article at blog.rpdata.com... |
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Could you confidently say that you've found leads through social media?
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Has the time you've invested in social media paid off? Are you still waiting to get results? Have you had more success with any particular social network?
Join the conversation on the
RP Data Facebook
and have your say
!
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Join RP Data on Facebook |
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How you can use the RP Data Property Pulse
As a participating RP Data subscriber, you are authorised by RP Data Limited to, at your choosing, forward this content to your customers or publish as editorial content on your website and newsletters in an unedited fashion provided that RP Data is appropriately quoted.
Conditions of Syndication
You should not rely upon the opinions expressed in this report for any investment decision. RP Data will not be held responsible for any loss or damage suffered as a result of relying upon the opinions and information contained in this report. You should always take specific advice from a professional advisor so that your particular circumstances can be assessed and an investment decision appropriate to your circumstances can be determined.
You may not under any circumstances take a whole or part of the content and forward to any media outlet at any time.
You may not re-publish this content as your own without our express written permission. All Intellectual property used in the creation of the RP Property Pulse remains with RP Data Limited. The research and opinions expressed remain those of RP Data Limited. If you have any questions about syndication obligations, please firstly speak with the RP Data Research Division on: 1300 734 318.
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