Tim is Research Director at Cotality (formerly CoreLogic), analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au
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…
