Australian Broker 2012 rehash

by Mackenzie McCarty31 Dec 2012

With the year coming to an end, it’s time to look back at the ups and downs of 2012 – in and out of the mortgage world.

In the spirit of optimism mixed with a bit of reality, here are 10 things to remember 2012 for (in no particular order):

  • The IMF reports that Australia is now the world’s 12th largest economy, steadily moving its way up the list and punching well above its weight for a nation of 23 million people.
  • A cancer victim from Eritrea received an artificially grown trachea derived from his own cells.
  • Interest rates are low, affordability is the best for a decade consumer sentiment is increasing, auction clearances are firm and prices are creeping up. Putting all this together, it looks like our property markets bottomed in the middle of 2012 and 2013 will be a better year for property.
  • Gangnam Style, released on July 15, has been viewed over 990 million times on YouTube and made it to number one on the Australian charts. All that over a cute, baby-faced man dancing in a sequined suit!
  • The London Olympics saw Australia bring home seven gold medals, 16 silver and 12 bronze.
  • Curiosity lands on Mars in August, sending back fascinating photos of an alien landscape – but no photos of aliens.
  • India celebrated its first year free of Polio
  • CBA announced a major take-over of Aussie Home Loans, the RBA lowered interest rates to GFC levels and YBR sold 8.3% of its shares to Macquarie Bank
  • Kate and Wills got pregnant – if you care about that sort of thing. On a similar note, the Taronga zoo experienced a baby boom in September, welcoming a new born giraffe, zebra, addax calf and two meerkat pups.
  • If you’re reading this, then we survived the foretold Mayan apocalypse. You may now say “egg on your face” to all your mates who stocked up on tins of baked beans.