If a picture paints a thousand words, then this collection of charts should do a pretty good job of painting the landscape as it affects our economy and our property markets. Each month the RBA summarises macroeconomic and financial market trends in Australia by providing a detailed chart pack. World Economy Australia’s economy doesn’t operate…
Despite pandemics, rising interest rates, and challenging supply issues, the Australian property market remains a remarkably resilient, unyielding force, with two out of every five Australians determined to buy a home within the next five years. A recent Westpac Home Ownership Report reveals a surge in home buying intentions – 44% of Australians plan to purchase…
The decision to keep the cash rate on hold at 4.35% came as no surprise, with most economists agreeing the next move on rates will be down. Although the timing of an RBA rate cut remains uncertain and dependent on inflation outcomes. A boost to confidence Nonetheless, the hold decision, alongside lower inflation and a…
With most economists expecting interest rates to start falling later this year, prospective home buyers might be weighing up whether to buy now for fear of strong competition for stock or waiting until repayments are lower. The financial markets and private sector economists expect the Reserve Bank to start cutting interest rates later this year….
Who owns more property – men or women? Well, according to CoreLogic’s 2024 Women & Property report, which surveyed home ownership status and motivations, barriers and attitudes towards dwelling ownership among women and men in Australia 68.2% of women surveyed own at least one property – including owner-occupied and investment properties – slightly higher than…
Retail turnover increased by just +1.1 per cent over the year to January. After accounting for very rapid population growth and price inflation, this represents quite a significant slowdown for the sector. Source: ABS The national accounts reflected a very similar picture – the Aussie economy grew slightly in Q4 2023, up by 0.2 per…
The national vacancy rate reached an all-time low of 0.7% in February according to the latest Domain vacancy report . Ongoing factors, including rapid population growth, a sluggish construction sector, and escalating property prices drive this drop. However, on a national scale, the average views per rental listing decreased in February and continued to remain lower…
With another building firm going into administration yesterday, affecting a further 120 projects, it wasn’t a great surprise to see that home-building activity was falling sharply in late 2023 as the pipeline shrunk. Apartment construction held up better. I’ve been of the opinion that anti-landlord legislation and new land taxes will stifle the supply of…
We know that we’re just not building enough homes despite soaring demand for more accommodation. According to PropTrack’s New Homes Report, December saw a 9.5% drop in total building approvals, a stark contrast to the modest 0.3% increase in November. This decline was particularly pronounced in unit approvals, which plummeted by 25%, and to a…
A recent analysis by the e61 Institute and PropTrack has shed light on the significant impact of Queensland’s 2011 stamp duty hikes. The numbers are telling: a sharp 7.2% drop in home purchases for that year. This isn’t just about sales figures; it’s about people – with a 9% decrease in relocations (equating to 20,000…
