Cash rate now at an 18 year high as the RBA aims to drive inflation expectations back to its target As was broadly expected, the Reserve Bank of Australia (RBA) lifted the cash rate at its November meeting to 4.85%. This was the fifth rate hike this year, bringing the cash rate to its highest…
Australia’s latest property market signals give buyers plenty to think about, with inflation rising again just as many households were hoping for greater certainty about interest rates. Meanwhile, building costs remain elevated, making it harder to deliver new housing, and the weekend’s auction results reveal considerable differences between our capital cities. In this week’s Property…
I’m not one to believe in quick fixes or overnight successes. In fact, I think hard work, healthy habits and a strong long-term plan are the real crucial elements of success. These things won’t bring you success overnight, but lasting success isn’t the kind that arrives overnight. It involves hard work, dedication, and a commitment…
Sydney and Melbourne house prices have just recorded their first monthly rise since April, and I think that’s an important signal for anyone wondering where our property markets are heading as we move towards 2027. Many commentators had written off our two biggest markets this year, after four interest rate rises, major changes to property…
Australian home prices fell for a seventh consecutive month in October, according to the latest PropTrack Home Price Index Report, with the downturn broadening and higher interest rates continuing to weigh on housing demand. Data shows that national home prices declined 0.3% over the month and are now 4.3% below their March peak and 1.9%…
It’s Melbourne Cup time, but there’s a race of much greater significance to property investors – it’s this year’s Housing Market Cup. You’ve studied the form, got some tips from mates at work and heard about a lucky few who really cleaned up, but will you be backing the winner of this year’s Housing Market…
Victorian landlords could be required to hold a licence and face a three-strike rule that would strip them of their right to rent out properties under a Greens proposal unveiled ahead of the upcoming state election. While the plan aims to hold landlords accountable for breaching their obligations, this ridiculous proposal would add another layer…
Tomorrow, Tuesday 3 November, the Reserve Bank announces its next cash-rate decision. Four increases this year have taken the target to 4.60%. Another quarter-point increase would make it 4.85%. The latest inflation figures give the Bank reason to remain uncomfortable. Headline CPI reached 4.3% in September, while underlying inflation was 3.6%. I expect the annual…
Housing trends remained weak through the middle of spring , with Cotality’s national Home Value Index (HVI) down 1.2% in October, taking the downturn into a seventh consecutive month. The national index is now 6.7% below its March peak, equivalent to a decline of approximately $63,400 in the value of the median Australian dwelling. An…
Imagine spending months searching for the right property, finally finding a home you love, and then discovering the bank won’t lend you quite enough money to buy it. You’ve saved your deposit, done your homework, and you’re confident you can manage the repayments. But the bank’s calculations tell a different story. For some Australians, the…
