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,…
The chance of another rate rise when the Reserve Bank meets in less than two weeks is looking increasingly likely. The unemployment rate remained at 3.5 per cent in June (seasonally adjusted), in line with the updated figure for May, according to the latest data released by the Australian Bureau of Statistics (ABS). Their latest…
Whether or not you personally give any weight to superstitions, it may pay to consider them if you are buying or selling a property. Generally speaking, westerners are not overly superstitious and males less so than females, but we do live in a multicultural society. Many immigrants bring their traditions and superstitions with them and…
Australians continue to face the pressures of higher costs of living, particularly with credit card spending. In fact, Australia’s total credit card bill has climbed for the second month in a row to $17.77 billion as households reach for the plastic to make ends meet in the face of rising costs. The latest RBA statistics…
What lies ahead in the next 10 years? This is a question frequently pondered by those involved in the realms of government and business, particularly as Australia’s population undergoes growth and change. Monitoring the latest population trends and their societal implications is of great importance. According to the Australian Bureau of Statistics national population report,…
Refinancing made a strong comeback in May, jumping by $1.58 billion to reach a total of $20.97 billion. This marks the second-highest monthly value ever recorded for external refinancing. According to the latest ABS lending indicators, the total value of refinanced mortgages since the beginning of rate hikes has now reached $247 billion when adjusted…
Finances across Australian households remain resilient in 2023, even despite the rising cost of living and pressure on mortgage holders as interest rates continue to climb. After falling 9.1% in the 10 months to February 2023, it is becoming increasingly clear the housing market has moved through an inflection point, posting a number of consecutive…
So after a few years of hard work, you’ve got a neat little fund set up, and you know that one of the best long-term ways to invest your money is to put it in property. You’ve heard the success stories of million-dollar portfolios, of investors who have managed to retire early on high-growth properties…
