WHAT'S THE ADDED MARKET VALUE OF A VIEW? By John Leeson
Certified Practising Valuer ABSTRACT Our instruction was to assess the added market value of a view associated with residential property in Brisbane as at 2004.  What is the value that the market will pay and what is the quantum? We analysed sales evidence in two (2) new high rise residential buildings, where the unit sales occurred in a relatively narrow time frame and were identical units, other than the variation ...

Housing finance; NAB Business survey Record home loans: The value of all home loans rose by 0.2 per cent to record highs in December. The number of new owner-occupier housing loans fell by 1.9 per cent in December, just the second fall in the past the past 11 months. First home buyers accounted for just 12.7 per cent of all loans in December, lifting from record lows. Business conditions at 34-month high: The NAB business confidence index rose from +6.3 points to +7.8 point...

Industry Market Wrap The Reserve Bank released the minutes of their February board meeting earlier this week. The key theme of the minutes is that the RBA is likely to maintain their neutral policy setting over the short term at least which implies a stable cash rate. The RBA sums it up with this quote from the Minutes: "the most prudent course would likely be a period of stability in interest rates". One of the Bank’s most challenging considerations is the higher than exp...