The Australian property market has seen its fair share of ups and downs over the past few years, and 2023 is shaping up to be no different. As we head into this new year, there are a few key themes that are expected to dominate the market. These themes will have an impact on the…
We’re soon heading into a New Year and what a year it has been for the Australian mortgage market. It is moving through unprecedented change. With rates rising rapidly, record levels of household debt and the cost of living on the rise, your mortgage decisions could be key to making savings in 2023. An unprecedented…
How confident are Aussie consumers that 2023 will be a better year in terms of the cost of living pressures? Well, according to the latest Canstar’s Consumer Pulse report, “Australians are wary that the Government and Reserve Bank of Australia (RBA) will be able to ease inflation and cost of living pressures in 2023 with…
Australia’s housing affordability is worsening across the country, but there could be an answer: spare bedrooms. According to the 2021 Census, more than 70% of Australian households have at least one spare bedroom and more than one in 10 households have three or more spare bedrooms. That represents at least 3.5 million spare bedrooms across…
Are you looking to get a home loan in 2023? Well, Ryan Gair, CEO of Rate Money, said that… “Australians looking to get a home loan in 2023 will experience hurdles or roadblocks they haven’t faced before.” Gair identified the 5 challenges borrowers are likely to face in 2023: 1. Australians will have less borrowing…
We’re just a few weeks away before the year ends. And boy, what a year it has been for property! In fact, commentaries say that Australia’s property market in 2022 will be defined as the year that transitioned into a downturn from a once-in-a-generation property boom. 2022 Property market highlights Well, following extraordinary price growth…
Australia’s household wealth fell for the second consecutive quarter this year. Yes, according to the latest data from the Australian Bureau of Statistics (ABS), household wealth decreased by 1.9 per cent ($276 billion) in the September quarter of 2022. Total household wealth is now $14.2 trillion, after the previous fall of 3.3 per cent ($494…
The Queensland property market saw one of the strongest price upswings across Australia and some of the highest rent increases through the pandemic. This was because of several factors that were in its favour, including: a highly diverse economy strong internal migration trends and international tourism attractions, including the 2032 Brisbane Olympic Games Well, these…
As expected the Reserve Bank raised the cash rate by another 25 basis points last week – the eighth consecutive hike and a total increase in interest rates of three percentage points. This brings the cash rate to 3.10%, which is its highest level since November 2012. Clearly the board remains committed to overcoming the…
Which countries in the world are the best for long-term property investment? Well, Compare the Market has revealed in new research that the top three nations are Lithuania, Hungary and Iceland, Poland and the Czech Republic. Meanwhile, Australia ranked 27th out of the 34 countries analysed, and is in the company of countries like Switzerland…
