The latest interest rate decision was always going to be a line ball; however, the 25 basis point lift will likely be the last in the most rapid rate hiking cycle on record. Although inflation has been trending lower since peaking in the December quarter of 2022, yesterday’s rate hike reflects the RBA’s uncertainty about…
Articles by Tim Lawless
Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
The decision from the RBA to hold the cash rate at 3.6% sends a clear message they are ready to take stock, assessing the economic impact of the rapid rate hiking cycle to date. Considering monetary policy acts with a lag, it’s important to understand how trends in consumer prices, consumption, labour markets and sentiment…
The number of suburbs where it’s cheaper to buy than rent has been slashed in the past year, due to a record number of rate hikes that have outpaced skyrocketing rents. CoreLogic’s analysis of 3,904 house and unit markets nationally found for houses, just 9.1% of suburbs were cheaper to buy than rent, down from…
The World Health Organisation declared a global pandemic on 11 March, roughly corresponding with Australia’s 100th diagnosed case of COVID-19. While this crisis in health had little direct implications for the housing market, there were plenty of responses to the pandemic that did. Unprecedented expansionary fiscal and monetary policy (and subsequent tightening), heavy border closures…
Australia’s traditional peak property listing window is upon us. Every year during the first half of March – referred to as weeks nine to 11 on the calendar – there is a surge in listing activity. But not in 2023. Listings provide a useful real-time indicator of seller sentiment and general market confidence. However, this…
The latest RBA decision for a 25 basis point lift takes the cash rate to 3.6%, the highest level since May 2012. To date, this rate-tightening cycle has been both the largest and the most rapid on record by some margin. The cash rate setting is now 105 basis points above the pre-COVID decade average…
Normally at this time of the year, the number of fresh listings is moving through a dramatic seasonal upswing, however, early indicators suggest the flow of new listings is starting relatively softly. In fact home sellers are on strike! After a lacklustre listings season through spring and early summer last year, vendors still seem reluctant…
The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting, continuing what is now the fastest and largest rate hiking cycle on record. The cash rate has jumped 325 basis points since moving off record lows in May last year. Today’s rise in the cash rate was…
House prices are still falling, but the rate of decline is slowing. National dwelling values fell -1.0% in November, the smallest monthly decline since June. CoreLogic’s national Home Value Index (HVI) moved through a seventh month of decline in November, down -1.0% over the month to be -7.0%, or approximately -$53,400, below the peak value…
The number of suburbs in Australia’s million-dollar club has shrunk considerably in the past six months as the weight of rising inflation, consecutive rate hikes and falling property values takes its toll. Since April, the median value in 169 suburbs around the country has dropped below seven figures while only seven suburbs across capital cities…