Our property markets have cooled from their peak, but housing affordability still plagues would-be first-home buyers. Buyer borrowing capacity is shrinking with every Reserve Bank interest rate hike, which, combined with concern about where the market is heading has replaced buyer FOMO (fear of missing out) with a fear of buying too soon. The question…
The Consumer Price Index (CPI) rose 1.9% in the December 2022 quarter, according to the latest data from the Australian Bureau of Statistics (ABS). Annual inflation was 7.8%, close to the Reserve Bank of Australia forecast that headline inflation would peak at 8% over the year. More importantly, underlying core inflation (the RBA’s preferred reading…
A new season means a new look for the home, especially your bedroom. But instead of just the usual clearing of the closet, why not create a sense of harmony in the Feng Shui way? There’s no need to invest in an expensive consultant to style your room, let us guide you with a simple method…
It seems that bad credit habits are returning as Australia’s total credit card debt has ticked up for the second month in a row, based on the latest data released by the RBA. In fact, the data shows the total credit card bill attracting interest charges increased by $419 million to $17.3 billion. This is…
The Australian labour market still heavily favours jobseekers, with the latest ABS job vacancy data for November revealing more than a quarter of Australian businesses have jobs they cannot fill. Job vacancies fell 4.9% quarter on quarter in the three months to November, according to the latest release from the ABS. Despite that fall, the number…
Few sectors of the economy are as sensitive to interest rates as the housing market. During 2022, eight successive rate rises aimed at offsetting high inflation sent tremors across the market causing buyers and sellers to sit on the sidelines paralysed by a lack of confidence. However or markets did not crash like some of…
Have you wondered how the Covid-19 pandemic affected our property markets? Well, for one, preferences for different locations and property types have changed extremely quickly, and the housing market is still adjusting. These changes go beyond the once in a generation property boom we experienced which were largely driven by lower interest rates and various…
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…
