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…
The property market has experienced an unusually high level of activity in recent months, marked by increased listings and sales in numerous major cities. PropTrack’s data show that buyers were out in force in August with the number of highly engaged buyers per listing up 14.5% across the combined capital cities. Now that Spring has…
Aussies seem to be continuing to put their credit card spending on hold. In fact, new data from the RBA reveals that Australia’s total credit card debt has dropped for the third month in a row, this time by $88.1 million. The drop in this month’s figures is, at least partially, due to individuals using…
Believe it or not – nine out of ten landlords have been doing their tax returns wrong! Rental income was being left out of returns and mistakes were being made with property deductions, including over claiming expenses or claiming for improvements to private properties, a review by the Australian Taxation Office (ATO) found. This has…
New data reveals that in August, fewer people refinanced their loans compared to the previous month, but it was still the fourth-highest number since rates started going up. This dip was expected because many people rushed to refinance before some banks ended their cashback offers. Since rates began rising, borrowers have refinanced loans worth almost…
With our markets on the move and a new property cycle now upon us, it’s becoming apparent that more and more investors are looking for the next property “hotspot.” The problem is, hot-spotting is about short-term speculation, not long-term wealth creation. Most property investors are trying to build their asset base so that one day…
The unprecedented property boom of 2021 saw the price gap between Australia’s houses and units tighten to just 9.6%, but now the tide is shifting, and that price gap is widening once again. In September 2021, the national median house price was $570,000, 9.6% higher than the median unit price of $520,000, REA explains. But…
Three of the big banks, CBA, Westpac and ANZ, believe the cash rate has already peaked at 4.10 per cent, with only NAB expecting one more hike later this year. CBA, Westpac and NAB economic teams updated their cash rate forecasts on the back of yesterday’s RBA Board meeting, with changes to both the expected…
Finder’s monthly survey of the nation’s experts found they are predicting another cash rate hold in August following lower-than-expected inflation figures. In this month’s Finder RBA Cash Rate Survey™, 43 experts and economists weighed in on future cash rate moves and other issues relating to the state of the economy. The majority of panellists (29/43,…
