In June, national home prices continued their upward trend, marking the sixth consecutive month of increase with a further 0.3% rise, according to PropTrack’s latest data. This positive momentum has brought national home values to a point where they are now only 0.1% below their levels from a year ago. Consequently, it appears that the…
A lot can happen in one week in our property markets, can’t it? So here’s a look back at some of the things I read or learned this week, that I believe you should also know. 1. New loan commitments increased despite higher interest rates… The latest report from PropTrack revealed that new loan commitments increased by…
Running your own business can be a solitary game. The buck stops with you, and sometimes it seems there are few to who you can turn. There isn’t a team of others to consult with for advice or support. In the current uncertain environment, not having a clear path can be daunting. I know this…
Sales of new homes have continued to fall sharply following a year of cash rate hikes. Of course this has come at a time of a general undersupply of residential real estate both for sale and to rent, exacerbated by strong immigration numbers. The latest HIA New Home Sales Report revealed that sales of new…
There are more interesting articles, commentaries and analyst reports on the Web every week than anyone could read in a month. Each Saturday morning I like to share some of the ones I’ve read during the week. The weekend will be over before you know it, so enjoy some interesting reading. The regions with the…
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…
The latest report from PropTrack revealed that new loan commitments increased by 4.8% in May 2023 to $25 billion. This means that property buyers are becoming increasingly active even after 12 interest rate rises since May 2022. The report also showed that investor lending picked up the most, with a 6.2% increase, while owner-occupier lending…
Welcome to the Michael Yardney Podcast. Today I’m thrilled to have Nicola McDougall, chairperson of PIPA as my guest and we’re going to discuss how our property markets have become a political play toy. There’s a lot to unpack, and it’s crucial for investors to understand the implications of the increased interference in the markets….
What if Reserve Bank Governor Philip Lowe and his successor Michele Bullock were able to achieve something truly remarkable – a steady decline in inflation without further interest rate increases, and without bringing on a recession? It’s suddenly looking possible. Inflation is now coming down so quickly worldwide there’s probably no need to push it…
With the rise of the sharing economy, the accommodation industry has seen a significant disruption. The primary catalyst behind this disruption is Airbnb, a platform that has reinvented how people travel and invest in real estate. The desire for more cashflow has prompted some landlords to ponder whether they should list their properties on online…
