In recent years, we’ve witnessed a dramatic rollercoaster in Australian home prices. Despite the unexpected recovery last year following the downturn induced by interest rate hikes in 2022, the journey has been anything but predictable. According to the latest PropTrack Home Price Index, we saw a marginal increase of 0.02% in home values this January,…
The latest ABS Lending Indicators data reveals a surprising shift in December, marking an end to the recent growth spurt in new housing loans. A noteworthy decline of 4.1%, down to $26.27 billion, breaks the consecutive five-month growth streak. The most significant drop was observed in the owner-occupied segment, with new loan commitments plummeting by…
Australia’s population growth has rocketed back to the boom rates of the mid-1950s, increasing by 2.4 per cent in the 12 months to June according to the latest figures released by the Australian Bureau of Statistics (ABS). A record half million-plus net influx of foreign students, workers and permanent settlers came to these shores. Net…
Property investors are getting ready to take advantage of our housing markets in 2024. The value of total new investor loan commitments rose 1.9 per cent in November and was 18.0 per cent higher compared to a year ago. The value of new owner-occupier loan commitments for dwellings rose 10.1 per cent through the year…
Australia’s population grew by 2.4 per cent in the year to 30 June 2023, according to the figures released by the Australian Bureau of Statistics (ABS) at the end of last year. On 30 June 2023, our population was 26.6 million people, an increase of 624,100 people over the year. Putting that in perspective it’s…
The prospect of another interest rate hike next month has become more remote after inflation fell faster than expected. The monthly CPI Indicator came in at 4.3% in the year to November, down from 4.9% in October and a recent peak of 8.4% in December 2022. However, Treasurer Jim Chalmers has emphasised that the fight…
Australia is once again the top spot for attracting the most net millionaires, and there’s a major reason why they’re all choosing to come here. New information from the Australian Treasury, real estate experts, and PropTrack reveals a strong increase in international interest in Australian homes. In fact, NAB’s latest Residential Property Survey of real…
A lot of Australians have found work just before the holidays. In fact, according to the latest figures from Roy Morgan, in November 2023 Australian employment hit a record high of over 14 million for the first time with over 9 million now employed full-time and over 5 million employed part-time. However, despite surging employment…
Do you think that the cash rate will hold this month? Well, according to the latest Finder RBA Cash Rate Survey, more than 4 in 5 experts (82%,) believe the RBA will hold the cash rate at 4.35% in December, leaving 18% predicting an increase. The survey had 38 experts and economists weighing in on…
The much feared pre-Christmas interest rate rise by the Reserve Bank may be off the table thanks to a sharper-than-expected deceleration of inflation in October, the latest data shows. While today’s monthly CPI result is nearing half of what it was at the peak in December 2022 (8.4 per cent), rises in August and September…
