<p><a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a> has received development approval for Archer &amp; Albert, a 32-storey, mixed-use residential development in the heart of Chatswood.</p>

<p>Located at 57–61 Archer Street and 34 Albert Avenue, <a href="https://www.apartments.com.au/new-apartments/archer-albert-chatswood-57-61-archer-street-chatswood-nsw-2067">Archer &amp; Albert</a> will deliver 150 new homes, including affordable housing, alongside ground-floor and podium retail, commercial space, a heritage house activated as a café, additional ground-level activation, and a landscaped publicly accessible park designed for community use.&nbsp;</p>

<p><a href="https://www.apartments.com.au/new-apartments/archer-albert-chatswood-57-61-archer-street-chatswood-nsw-2067">Archer &amp; Albert</a> is one of the few large-scale residential developments in the heart of Chatswood City to progress through a council-led architectural design competition and secure development approval, positioning it at the forefront of design led housing.&nbsp;</p>

<p><img alt="Archer" data-entity-type="file" data-entity-uuid="33cb754a-1493-4203-bd16-096d320597f6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%2BA_C03_EXT_StreetScape_ID1.jpg?VersionId=oLUPFVAMxuRUTH1Bwki16R48cEo.vLeB" /></p>

<p>Designed by global architecture practice <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, long-term collaborators of the Coronation team, the project draws inspiration from the Sydney Blue Gum High Forest and the leafy character of the South Chatswood Heritage Conservation Area. The design integrates a restored heritage-listed home and establishes a landscaped connection between Chatswood’s urban centre and its surrounding residential neighbourhoods.&nbsp;</p>

<p>“This is an important project for us and our first entry into the North Shore,” said Joe Nahas, Managing Director of &nbsp;Coronation Property.&nbsp;</p>

<p>“We are deliberate about where we invest and build, <a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a> stands out because the fundamentals are already strong. Transport, employment, education, retail and health are all in place. Archer &amp; Albert is about adding new housing into a centre that already works and building on what exists.”&nbsp;</p>

<p><img alt="Chatswood" data-entity-type="file" data-entity-uuid="620fcd78-00be-489b-823a-ca353387b91b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A%2BA_C04_EXT_PARK_HA_ID2.jpg?VersionId=NxSl04Zl1rzt94xlXNA6CNzSR9XMyLgP" /></p>

<p>Aras Labutis, Head of Urban Transformation at <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>, said the project reflects a disciplined, collaborative approach to city shaping.&nbsp;</p>

<p>“Chatswood sits at an important junction between high-density commercial activity and established residential &nbsp;neighbourhoods," Labutis said.</p>

<p>"Our focus for Archer &amp; Albert was to manage that transition carefully, respecting what’s already there &nbsp;while contributing something new that feels deliberate and enduring."</p>

<p>The approved scheme delivers:&nbsp;</p>

<ul>
	<li>A 32-storey mixed-use tower comprising 150 homes, including 41 affordable housing dwellings • 530sqm of ground-floor retail, dining and commercial offerings&nbsp;</li>
	<li>A 760sqm wellness tenancy integrated within the podium&nbsp;</li>
	<li>A restored heritage building, thoughtfully reimagined as a café overlooking the park&nbsp;</li>
	<li>A landscaped public park, designed as a calm green retreat in the heart of Chatswood&nbsp;</li>
	<li>Resident amenities include a premium gym, golf simulator, mahjong room, dedicated wellness areas, private &nbsp;dining facilities and a curated wine room&nbsp;</li>
	<li>Deep private balconies designed to capture outlooks and northern light&nbsp;</li>
	<li>A refined material palette of natural stone, timber and terracotta&nbsp;</li>
</ul>

<p>[smartcode_project_cta:default project_id=29796]</p>


Joel Robinson

Coronation receives green light for Archer & Albert apartments in Chatswood

<p>Leading Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a>, in partnership with Metrics Credit Partners, has officially broken ground on its landmark $1.8 billion Kings Bay Village project in <a href="https://www.apartments.com.au/developments/five-dock-nsw-2046">Five Dock</a>, marking the beginning of construction on one of the most significant urban renewal precincts within the Parramatta Road Corridor.</p>

<p>A sod-turning ceremony was held at the project site on Parramatta Road, with NSW Premier Chris Minns and NSW Planning Minister Paul Scully joining Deicorp Chairman Fouad Deiri OAM and Metrics CEO and Managing Partner Andrew Lockhart, to mark the significant milestone.</p>

<p>Located at 129-154 Parramatta Road, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> will transform more than three hectares of underutilised land into a highly connected new neighbourhood comprising 1,185 homes, including 218 affordable dwellings for essential workers, alongside new retail, commercial, and community spaces.</p>

<p>[smartcode_project:default project_id=146120 project_image_fid=356895]</p>

<p>Designed by award-winning architects <a href="https://www.apartments.com.au/architects/turner-studio">TURNER</a>, the precinct blends crafted brick architecture with a pedestrian-focused urban layout across six buildings of varying scale. The project will deliver 14,700sqm of retail and commercial space, 6,500sqm of public open space, and a new 2,290sqm landscaped park and civic plaza that will form the social heart of the community.</p>

<p>Kings Bay Village is positioned minutes from the future Five Dock Metro Station, supporting the NSW Government and City of Canada Bay Council’s shared ambition for a more connected, liveable and revitalised Parramatta Road Corridor. Deicorp will also contribute more than $80 million towards new and upgraded local infrastructure, including pedestrian laneways, an activated streetscape and significant public domain works.</p>

<p>Fouad Deiri OAM, Chairman of Deicorp, said Kings Bay Village represents a defining opportunity for Sydney’s Inner West.</p>

<p>&nbsp;“Today marks the beginning of a precinct that will deliver lasting benefits for the Five Dock community - new homes, new open spaces, and a vibrant mixed-use environment that brings people closer to transport, services and amenities,"&nbsp;Deiri says.</p>

<p>“We are proud to be delivering much-needed housing, including affordable homes for essential workers, in partnership with the NSW Government and the City of Canada Bay. Kings Bay Village is urban renewal at its best - thoughtful, connected and community-focused.”</p>

<p>[smartcode_project:default project_id=146120 project_image_fid=356894]</p>

<p>Metrics CEO and Managing Partner Andrew Lockhart said the company is proud to support more housing and infrastructure in a key Sydney corridor.<br />
&nbsp;<br />
“Metrics and Deicorp share a proven track record of delivering high-impact projects that align closely with the NSW Government’s housing and infrastructure priorities. Kings Bay Village marks our most significant Sydney development to date, offering quality homes, essential infrastructure, and dynamic public spaces.”<br />
&nbsp;<br />
“This project reflects our ongoing commitment to creating value by supporting economic growth, job creation, and delivering excellent outcomes for our investors,” he said.</p>

<p>With Kings Bay Village now underway, Deicorp’s pipeline of apartments under construction across Sydney has increased to 5,102. Kings Bay Village is scheduled for completion in Q2 of 2029.</p>

<p>[smartcode_project_cta:default project_id=146120]</p>


NSW Premier and Planning Minister join Deicorp and Metrics to break ground on $1.8 billion Kings Bay Village precinct

<p>When Antoinette Chan and her architect husband, Peter began casually searching for an investment property, they weren’t expecting it to evolve into a life-changing family decision.</p>

<p>But one visit to the display suite of <a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>’s <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-1-11-rodborough-avenue-crows-nest-nsw-2065">KOYO</a> development in Crows Nest changed everything, and sparked a remarkable story of three generations choosing to live side by side in one of the suburb's most architecturally-striking new developments.</p>

<p>Antoinette, her mother Janet Khoo, and her sister, who is currently living in Singapore, each purchased an apartment in the same building, creating a rare and meaningful multi-generational living arrangement underpinned by modern design, community values, and premium convenience.</p>

<p>[smartcode_project:default project_id=108800 project_image_fid=356083]</p>

<p>“It wasn’t planned,” says Antoinette, who purchased a three-bedroom garden apartment with her husband and teenage daughter. “Peter came across KOYO and encouraged me to visit because he had a lot of respect for Abadeen’s previous work. As soon as we saw it, we knew it wasn’t just an investment, this was a home.”</p>

<p>Shortly after, Antoinette suggested her mother, Janet Khoo, take a look at the same development. A long-time inner-city resident who had recently sold her property in The Rocks, Janet had experienced some health setbacks and was contemplating a move closer to her daughter.</p>

<p>“I walked into the display apartment, and it just felt right,” says Janet. “I didn’t look anywhere else. The space, the simplicity of the design, the light, everything gave me a sense of peace. It’s a new beginning, but it also feels like home.”</p>

<p>[smartcode_project:default project_id=108800 project_image_fid=356093]</p>

<p>In a stroke of serendipity, Janet selected the two-bedroom apartment next door to her daughter, completely unaware of Antoinette’s purchase. Around the same time, Antoinette’s sister, who resides in Singapore, viewed the property via a virtual tour and chose to buy the apartment directly above Janet’s.</p>

<p>“We were all drawn to KOYO individually, and it just happened that our homes ended up vertically stacked, ground, first, and second floor,” Antoinette laughs. “It was a coincidence, but also a sign. This is where we’re meant to be.”</p>

<p>Designed by celebrated architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, KOYO delivered on all fronts for the Chan-Khoo family.</p>

<p>“Our garden apartment gives us the feel of a standalone home but with none of the maintenance,” says Antoinette. “All three bedrooms open onto a generous private garden, which is perfect for our dog Archie, and for entertaining. The open-plan layout and high ceilings make it feel airy, calm and luxurious.”</p>

<p>[smartcode_project:default project_id=108800 project_image_fid=356092]</p>

<p>For Janet, security and accessibility were top priorities, and KOYO offered the ideal balance.</p>

<p>“At my age, I didn’t want to be climbing stairs,” she explains. “The first-floor apartment opens directly to the garden, and the building is small, which gives it a more personal, village-like feel. Yet I’m just steps away from my daughter and granddaughter. That gives me so much peace of mind.”</p>

<p>The family also appreciated the thoughtful amenities that avoided the excesses of some larger developments.</p>

<p>“We didn’t want a complex with too many facilities we wouldn’t use,” explains Antoinette. “KOYO has everything we need, generous storage, secure parking, beautifully landscaped walkways, and a stunning rooftop terrace with BBQ facilities that feels serene rather than busy.”</p>

<p>[smartcode_project:default project_id=108800 project_image_fid=355428]</p>

<p>The location was another critical factor in the family’s decision. Though they had always lived closer to Sydney’s eastern suburbs, Antoinette says the transformation of Crows Nest was a revelation.</p>

<p>“When we returned from living overseas, we discovered Crows Nest had become this vibrant, walkable hub,” she says. “We love being able to stroll to cafés, restaurants, and shops on Willoughby Road. The new Metro makes the commute into the CBD effortless, and our daughter can walk to her school, it’s just next door."</p>

<p>Janet agree. “I was worried about giving up my inner-city lifestyle, but I’ve fallen in love with this area. It has everything I need, supermarkets, quiet streets, friendly faces, and it’s all a short walk away. I feel safe, independent, and connected.”</p>

<p>[smartcode_project:default project_id=108800 project_image_fid=356085]</p>

<p>While design and location were important, the family also credits their decision to Abadeen’s reputation and responsiveness. With decades of experience delivering high-quality residential projects, Abadeen’s track record helped build trust during a volatile market period.</p>

<p>“The waiting game was tough, especially after selling my old apartment,” says Janet. “But the Abadeen team kept me updated every step of the way. They were professional, courteous, and transparent.”</p>

<p>Antoinette said Peter works in property and had already heard of Abadeen. "The quality of their work really impressed us, and as the project neared completion, they went above and beyond to keep us informed and supported. That level of communication is rare.”</p>

<p>Only a handful of three-bedroom residences remain for sale, priced from $3.5 million.</p>

<p>[smartcode_project_cta:default project_id=108800]</p>


Three generations, one address: How a family found sanctuary and connection at Abadeen's KOYO in Crows Nest

<p>Sydney-based developer Gold Partners Australia is making its move on the Gold Coast, launching what is one of the most affordable towers to the booming Broadbeach market.</p>

<p>Its <a href="https://www.apartments.com.au/new-apartments/harmony-on-broadbeach-2797-gold-coast-highway-broadbeach-qld-4218">Harmony on Broadbeach</a> project, just 400m from the beach, has prices starting from $975,000 for its two-bedroom apartments that measure nearly 90 sqm internally.</p>

<p>[smartcode_project:default project_id=113098 project_image_fid=355607]</p>

<p>There will be 113 two- and three-bedroom apartments spread out across the 33-storey tower on the 1,201 sqm site that will front First Avenue. Gold Partners Australia, which has delivered several major projects in Sydney's Norwest and has an active pipeline with projects in Hornsby and Carlingford, secured the block vacant, and want to start preliminary site works early next year through their in-house construction capability.</p>

<p>DBI Architects designed the tower with a four-level podium which will have an open-air swimming pool, sun deck, outdoor lounges, alfresco dining spaces, and a gym with adjoining yoga lawn. A hospitality venue will anchor the building at street level.</p>

<p>[smartcode_project:default project_id=113098 project_image_fid=355611]</p>

<p>Olympus Property Group is selling Harmony on Broadbeach on behalf of Gold Partners Australia. Olympus Director Deanna Lockett says the project is resonating with everyone from locals, investors, those moving from interstate, and second home buyers from Brisbane.</p>

<p>"There's been nothing new come to the market in Broadbeach at this price point for nearly a year," Lockett recalls. "It hits the sweet spot of affordability, good sized apartments, in a great location."</p>

<p>Construction will commence in Q2 2026, and wrap up, all going well, by the end of 2028.</p>

<p>[smartcode_project_cta:default project_id=113098]</p>


Harmony on Broadbeach launches to booming Gold Coast suburb

<p data-end="205" data-start="95">Display apartments play a crucial role in helping buyers imagine how a space will look and feel once complete.</p>

<p data-end="485" data-start="207">At <a href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004">The Albertine</a> in Melbourne, development giant Mirvac has partnered with furniture maker and retailer MCM House to create a fully furnished, full-scale prototype that showcases the proportions, finishes, and design intent of the project’s three-bedroom residences.</p>

<p data-end="758" data-start="487">As an added incentive, purchasers of any two- or three-bedroom apartment can receive up to $50,000 worth of MCM House furniture, allowing them to curate their new home with the same craftsmanship, contemporary design, and aesthetic showcased in the display apartment.</p>

<p><a data-entity-type="file" data-entity-uuid="ae2e947b-2d51-4288-88fa-a35638e3be0f" href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004"><img alt="Albertine" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-25%20at%209.27.26%E2%80%AFAM_1.png?VersionId=T5uSwgtTFwd1m5EdQF1inB.tBDgxqbtZ" /></a></p>

<p data-end="758" data-start="487">Oversized sofas, solid timber dining tables, and relaxed, low-profile seating demonstrate how the space accommodates real furniture, helping buyers clearly visualise how their new apartment could look, complete with pieces that genuinely suit the scale and design of the home.</p>

<p data-end="758" data-start="487">The styling is simple but deliberate, with materials that pick up on the apartment’s natural light and neutral tones, creating cohesion without crowding the space.</p>

<p data-end="758" data-start="487"><a data-entity-type="file" data-entity-uuid="355f10d8-ee75-4546-a42e-4a54abcc806e" href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004"><img alt="Albertine" data-entity-type="file" data-entity-uuid="3e0b920b-3f17-47f0-8885-f67697a5f842" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-25%20at%201.17.07%E2%80%AFPM.png?VersionId=tPcmBls5kt_SLqE2ONXrxgk5SnC1xERs" /></a></p>

<p data-end="1126" data-start="760">Mirvac is now welcoming buyers through the display at The Albertine. Quietly yet conveniently positioned just off St Kilda Road on Queens Road, the development has attracted strong interest from inner-Melbourne and Bayside downsizers, professional couples seeking luxurious low-maintenance living, and design-focused buyers who want proximity to the CBD.</p>

<p>Apartments have been designed by Mirvac's inhouse design team with owner-occupiers at the forefront.&nbsp;The living and dining areas open directly onto a balcony, reinforcing the project’s emphasis on indoor-outdoor flow, while kitchens feature integrated appliances and soft-curve cabinetry which mirror the larger architectural themes at play throughout the building.</p>

<p><a data-entity-type="file" data-entity-uuid="e8f9b371-17e1-4122-a615-074113096135" href="https://www.apartments.com.au/new-apartments/the-albertine-by-mirvac-melbourne-31-queens-lane-melbourne-vic-3004"><img alt="Albertine" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-11-25%20at%209.30.16%E2%80%AFAM.png?VersionId=NCYvtMavnE1_YDhX6slAr7g84MWP0Ymp" /></a></p>

<p>The Albertine offers one to four-bedroom residences complemented by exclusive resident-only amenity, including The Circadian Club, a wellness centre with an indoor pool and spa, gym, yoga and Pilates studio, and sauna, as well as The Elysian Room, a private dining space on level 10 with sweeping views across Melbourne.</p>

<p>Mirvac will welcome residents to The Albertine in 2026, having recently celebrated topping out the&nbsp;</p>

<p><a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>&nbsp;recently topped out&nbsp; the topping out of The Albertine, with completion expected in 2026.</p>

<p>To find out more about the generous furniture offer with MCM House, enquire below.</p>

<p>[smartcode_project_cta:default project_id=138659]</p>


Mirvac unveils The Albertine display, offering up to $50k in MCM House furniture

Household Budgets

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<div>Another data series which doesn't really fit the narrative of tight or stretched household budgets, as trend new car sales moved to their highest ever level in July 2015. </div>
<div> </div>
<div>This follows on from recently compiled Reserve Bank data which shows that mortgage redraw buffers and offset account balances are also at their highest ever level as household enjoy low interest rates and cheaper repayments.</div>
<div> </div>
<div>Of course, it often doesn't feel this way at the individual household level - interviews with the world's wealthiest people have shown that financial stress never entirely goes away whatever the true state of one's personal finances.</div>
<div> </div>
<div><span>The Reserve Bank itself has mused<span>:</span></span></div>
<div><span> </span></div>
<div><em>"The continued concern about living cost pressures might arise because the standard of living that can be sustainably afforded by households’ incomes remains lower than many would like."</em></div>
<div> </div>
<div>Certainly although wages growth is soft at +2.3 per cent, this has to date at least remained well in excess of the increase in the cost of living for employee households.</div>
<div> </div>
<div>
<div><strong><span style="text-decoration: underline;">Record new motor sales </span></strong></div>
<div> </div>
<div>In any event it was another monster month for new motor vehicle sales at a seasonaly adjusted 96,388 which saw trend sales reach an all-time record high in July 2015, having increased by 3.7 per cent over the past year. </div>
<div> </div>
<div>The result was all the remarkable given the weak data evident in the resources states, a slowing rate of population growth, as well as the fact that the Aussie dollar has depreciated sharply in recent times. </div>
<div> </div>
<div><a href="/images/2015/08/19/MV1.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/08/19/MV1.jpg" alt=""></div>
<div> </div>
<div><span>Looking at the "original" data on a rolling annual basis we can see that more than 1.13 million new vehicle sales have been recorded over the past year, while the 588,619 units sold over the past six months is a record for any half year period in Australia's history.</span></div>
<div><span> </span></div>
<div><a href="/images/2015/08/19/MV6.jpg" target="_blank"><span>Click to enlarge</span></a></div>
<div><span><img src="/images/2015/08/19/MV6.jpg" alt=""></span></div>
<div> </div>
<div> </div>
<div><span>It was another prodigious month for Sports Utitlity (SUV) sales at more than 34,000 seasonally adjusted from fewer than 30,000 one year ago (a +14 per cent year-on-yearincrease), the annualised number of SUV sales climbing inexorably to beyond 380,000.</span></div>
<div><span> </span></div>
<div><a href="/images/2015/08/19/MV3.jpg" target="_blank"><span>Click to enlarge</span></a></div>
<div> </div>
<div><span><img src="/images/2015/08/19/MV3.jpg" alt=""></span></div>
<div> </div>
<div> </div>
<div>
<div><strong><span style="text-decoration: underline;">State versus state</span></strong></div>
<div> </div>
<div>New South Wales has been recording a number of king-sized seasonally adjusted results in recent months, firing total new motor vehicle sales to their highest ever level in the Premier State. </div>
<div> </div>
<div>On a rolling annual basis new motor vehicle sales are rising in Queensland too, but are now looking somewhat peaky in Victoria after a fine run. </div>
<div> </div>
<div>Sales have declined moderately in South Australia over the past year, and fairly sharply in Western Australia as the mining construction boom comes undone. </div>
<div> </div>
<div><a href="/images/2015/08/19/MV4.jpg" target="_blank">Click to enlarge</a></div>
<div> </div>
<div><img src="/images/2015/08/19/MV4.jpg" alt=""></div>
<div> </div>
<div>
<div><strong><span style="text-decoration: underline;">State trends</span></strong></div>
<div> </div>
<div>The trend year-on-year increase in sales was particular strong in each of the most populous states, those being New South Wales (+8.1 per cent), Victoria (+3.4 per cent) and Queensland (+6.6 per cent).</div>
<div> </div>
<div>While somewhat immaterial at the national level, the surprise package is Tasmania with a trend +13 per cent year-on-year increase in units sold. </div>
<div> </div>
<div>The strength of the data in the three most largest states has more than offset the weakness in South Australia (-4.2 per cent) and the resources-impacted Western Australia (-11 per cent) and Northern Territory (-1.4 per cent).</div>
<div> </div>
<div><a href="/images/2015/08/19/MV7.jpg" target="_blank">Click to enlarge</a></div>
<div><img src="/images/2015/08/19/MV7.jpg" alt=""></div>
<div> </div>
<div>
<p><span><em>PETE WARGENT is the co-founder of <a href="https://allenwargent.com/" target="_blank" rel="nofollow">AllenWargent</a> property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank" rel="nofollow">blogger</a>.</em><br></span></p>
<p><em>His latest book is <a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" target="_blank" rel="nofollow">Four Green Houses and a Red Hotel</a>.</em></p>
</div>
</div>
</div>
<div><span> </span></div>
</div>
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Stretched household budgets or not? Pete Wargent

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<p><span>The value of new lending commitments to households fell 3.7 per cent in March 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) figures on new lending to households and businesses.</span><br><br><span>The fall in lending to households in March follows a 2.2 per cent rise in February 2019.</span></p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/13/Lending1.jpg" alt=""><br><br><span>ABS Chief Economist, Bruce Hockman said all components of new lending to households were weaker in March, "more than offsetting a bounce in lending activity seen in February.”</span><br><br><span>“There were large falls in the value of lending for owner occupier dwellings in seasonally adjusted terms in both New South Wales (-5.7 per cent) and Queensland (-5.3 per cent) in March, after rises in both states the previous month" he said.</span></p>
<p>Nationally, lending for investment dwellings also contracted further in March, with the series down 25.9 per cent (seasonally adjusted) compared to March 2018. The level of new lending for investment dwellings is at its lowest level since March 2011. </p>
<p>While nationally there was a fall in the number of loans to owner occupier first home buyers (-0.5 per cent) in March, in a similar pattern to recent months this fall was again much less than the drop in the number of loans to owner occupier non-first home buyers (-3.3 per cent). </p>
<p><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/5/13/March-ABS.jpg" alt=""></p>
<p>After rises in January and February, lending to households for personal finance excluding refinancing fell 11.2 per cent in March, seasonally adjusted.<br><br>In trend terms, the value of new lending commitments to businesses fell 2.0 per cent in March. The ABS noted all components of business lending remained subdued.</p>
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j.ballantyne1990-6AQqhLzZaK

NSW leads downturn in March new lending commitments to households

jrobinson-rf4aSBido9

What's up (and down) with households? RBA assistant governor Luci Ellis

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<p><span style="line-height: 1.3em;">GUEST OBSERVER</span></p>
<p><span style="line-height: 1.3em;">According to the Australian Institute of Petroleum, the national average Australian price of </span><span style="line-height: 1.3em;">unleaded petrol fell 3 cents per litre to 113.9 cents per litre in the week to April 24.</span></p>
<p>The national average wholesale (terminal gate) unleaded petrol price stands at <span style="line-height: 1.3em;">102.4 cents per litre, down 1.5 cents per litre on a week ago and still up 6.7 cents a litre on the lows set in </span><span style="line-height: 1.3em;">mid-February.</span></p>
<p>The petrol figures have implications for retailers, especially petrol marketing groups.</p>
<p>What does it all mean?</p>
<p>The latest data on petrol prices confirms that - contrary to popular belief and media reports – pump prices do not <span style="line-height: 1.3em;">tend to rise ahead of a long weekend. Motorists enjoyed the cheapest petrol ahead of ANZAC Day in 11 years, </span><span style="line-height: 1.3em;">with the national average price falling by 3 cents a litre.</span></p>
<p>As always, competitive factors, the discounting cycles and variable lags between wholesale and retail prices <span style="line-height: 1.3em;">determine how capital cities and regional centres fare. But at present the key driver of pump prices is the </span><span style="line-height: 1.3em;">variations in the discounting cycle across the capital cities. In Sydney, prices have been falling for 18 days and in</span></p>
<p>Melbourne prices have been falling for almost four weeks, with petrol at around $1.08 a litre in both capital cities.</p>
<p>Brisbane prices have been falling for a fortnight and are closer to $1.14 a litre. Adelaide prices spiked a week ago <span style="line-height: 1.3em;">and have started to drift lower. Adelaide motorists would benefit by holding off from filling up the family vehicle.</span></p>
<p>Not only have global oil prices eased in the past week but the Aussie dollar has held up relatively well – ensuring <span style="line-height: 1.3em;">that any saving in regional oil prices should get passed through to the bowser within the next fortnight.</span></p>
<p>In the short term, oil production disruptions in Kuwait and speculation of a further lift in potential supply by major <span style="line-height: 1.3em;">oil producers will keep oil markets volatile. CBA commodity analysts expect oil to potentially drift to US$30-35 a </span><span style="line-height: 1.3em;">barrel in the near term.</span></p>
<p><span style="line-height: 1.3em;">Importantly cheap fuel continues to keep inflation contained and the Reserve Bank will keep an implicit easing </span><span style="line-height: 1.3em;">bias in play over the next six months.</span></p>
<p><a href="/images/2016/04/27/Screen%20Shot%202016-04-27%20at%209.57.20%20AM.png" target="_blank"><span style="line-height: 1.3em;">Click to enlarge</span></a></p>
<p><span style="line-height: 1.3em;"><img src="/images/2016/04/27/Screen%20Shot%202016-04-27%20at%209.57.20%20AM.png" alt=""></span></p>
<p>What do the figures show?</p>
<p>Petrol prices</p>
<p>According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell <span style="line-height: 1.3em;">3 cents per litre to 113.9 cents per litre in the week to April 24. The metropolitan petrol price fell by 4.9 cents to </span><span style="line-height: 1.3em;">113.6 cents per litre while the regional price rose by 0.9 cents to 114.5 cents per litre.</span></p>
<p>The national average Australian price of diesel petrol fell by 0.2 cents to 111.8 cents per litre in the week to <span style="line-height: 1.3em;">April 24. Last week the metropolitan price fell by 0.3 cents to 110.6 c/l, while the regional average price was down </span><span style="line-height: 1.3em;">0.1 cents to 112.8 c/l.</span></p>
<p>Average unleaded petrol prices across states and territories over the past week were: Sydney (down 9.3 <span style="line-height: 1.3em;">cents to 108.5 c/l), Melbourne (down 6.2 cents to 111.5 c/l), Brisbane (down 7.8 cents to 118.9 c/l), Adelaide (up </span><span style="line-height: 1.3em;">6.7 cents to 124.4 c/l), Perth (up 1.2 cents to 111.5 c/l), Darwin (down by 0.3 cents to 115 c/l), Canberra (down </span><span style="line-height: 1.3em;">0.7 cents to 115.9 c/l) and Hobart (unchanged at 117.4 c/l).</span></p>
<p>Today the national average wholesale (terminal gate) unleaded petrol price stands at 102.4 cents per litre, <span style="line-height: 1.3em;">down 1.5 cents per litre on a week ago and still up 6.7 cents a litre on the lows set in mid-February. The terminal </span><span style="line-height: 1.3em;">gate diesel price stands today at 98.5 cents a litre, up 0.2 cents a litre over the week.</span></p>
<p>Last week the key Singapore gasoline price rose by US$1.75 or 3.2 per cent to US$56.10 a barrel. However <span style="line-height: 1.3em;">prices eased yesterday to US$55.30 a barrel. In Australian dollar terms the Singapore gasoline price rose by </span><span style="line-height: 1.3em;">$2.13 a barrel (0.2 per cent) to $72.61 a barrel or 45.7 cents a litre. Yesterday prices eased to $71.73 a barrel or </span><span style="line-height: 1.3em;">45.1 cents a litre.</span></p>
<p>MotorMouth records the following retail prices for capital cities today: Sydney 108.1c; Melbourne 107.5c; Brisbane <span style="line-height: 1.3em;">113.7c; Adelaide 119.4c; Perth 120.5c; Canberra 107.5c; Darwin 113.8c; Hobart 117.8c.</span></p>
<p>What is the importance of the economic data?</p>
<p>Weekly figures on petrol prices are compiled by ORIMA Research on behalf of the Australian Institute of <span style="line-height: 1.3em;">Petroleum (AIP). National average retail prices are calculated as the weighted average of each State/Territory's </span><span style="line-height: 1.3em;">metropolitan and non-metropolitan retail petrol prices, with the weights based on the number of registered petrol </span><span style="line-height: 1.3em;">vehicles in each of these regions. AIP data for retail petrol prices is based on available market data supplied by </span><span style="line-height: 1.3em;">MotorMouth.</span></p>
<p><a href="/images/2016/04/27/Screen%20Shot%202016-04-27%20at%209.59.05%20AM.png" target="_blank"><span style="line-height: 1.3em;">Click to enlarge</span></a></p>
<p><span style="line-height: 1.3em;"><img src="/images/2016/04/27/Screen%20Shot%202016-04-27%20at%209.59.05%20AM.png" alt=""></span></p>
<p>What are the implications for interest rates and investors?</p>
<p>Lower oil prices may add further downward pressure on energy stocks and increase volatility across <span style="line-height: 1.3em;">sharemarkets. However cheap fuel is a positive for a number of sectors including transport and logistics.</span></p>
<p>Filling up the car with petrol is the single biggest weekly purchase for most families. So the savings being reaped <span style="line-height: 1.3em;">at the petrol bowser are serving to boost discretionary spending in areas such as cafes, restaurants and takeaway </span><span style="line-height: 1.3em;">outlets.</span></p>
<p><em>Savanth Sebastian is an economist for <a href="https://www.commsec.com.au/" target="_blank">CommSec</a></em></p>
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