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…
Life expectancy in Australia has fallen by 0.1 years in the 2020-2022 period, with a boy born today expected to live to 81.2 years and a girl to 85.3 years, according to the latest data released by the Australian Bureau of Statistics (ABS). Beidar Cho, ABS head of demography, said: “Australia has recorded the first…
Median prices have dropped in some of Australia’s posh neighbourhoods over the past year, but this doesn’t necessarily mean it’s a buyer’s market for those seeking a bargain. Nor does it mean that all properties in those suburbs have fallen in value. In fact amongst the myriad property statistics available these days median price is…
There has been a boom in refinancing of loans over the last year or so as interest rates rose. Many homeowners have been refinancing their home loans over the past year and a half. But is this refinancing trend seems to be slowing down now. According to PropTrack, the past few months have seen as…
Before COVID-19, Australia had a steady flow of about 235,000 people coming in each year. But when the pandemic hit, they closed their borders, and almost no one came or left for two years. If the pandemic hadn’t happened, we would have had about 470,000 people moving in during those two years. In February 2022,…
Despite the big race running, all eyes will be on the RBA in a decision that could halt the nation, as the majority of experts tip a rate rise. In this month’s Finder RBA Cash Rate Survey™, 45 experts and economists weighed in on future cash rate moves and other issues relating to the state…
Household savings reached a new high of nearly $1.42 trillion in September, despite increasing living expenses and 12 interest rate hikes by the RBA. New data from APRA reveals that household deposits in banks increased by $11 billion compared to the previous month and by over $99 billion compared to the same time last year….
Melbourne is now the number one choice for international property hunters in Australia, with rental interest from China almost doubling the levels before the pandemic across the country. The latest data from PropTrack indicates a significant increase in searches by global buyers and renters on realestate.com.au in the past quarter. Melbourne stood out as the…
Interest from foreign property seekers is surging as migration has bounced back to pre-pandemic levels. According to PropTrack, since the last Overseas Search Report in July 2023, searches from abroad have continued to increase, with buy searches up 11.5% in the past three months and rent searches up 7.8%. Ms Karen Dellow, Senior Data Analyst…
Australia’s housing recovery has gathered momentum, with combined capital house prices producing the steepest quarter-on-quarter gain since late 2021. House prices have now risen for nine consecutive months, in many locations making up for all their losses during the 2022 downturn, proving that we’re now well and truly into the next phase of the property…
