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…
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…
