More than 64,000 people found jobs in September, beating economists’ forecasts for gains of 25,000 jobs. The jump helped to keep the jobless rate unchanged at a revised down 4.1 per cent last month, even as the participation rate – the share of working-age people either with a job or looking for one – hit…
Capital city home rental markets reported varied results over the first month of spring with vacancy rates continuing to tighten following the mid-year easing. House rents however were generally lower again with mixed rental growth for units. Most capitals again reported lower house rents over September with the exception of volatile Darwin with an increase…
The total value of new home loans approved in the month of August was $30.38 billion – just 1.0 per cent higher than was recorded the previous month. Growth in the month was again driven by investor lending, up $164.7 million, or 1.4 per cent, according to ABS Lending Indicator data released today. Investor lending…
A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%. The dip below 3% puts the monthly measure of annual inflation back within the Reserve Bank’s target band of 2-3% for the first time since August 2021. The longer-running quarterly measure of annual inflation…
In a decision that was almost universally expected, the RBA kept the cash rate on hold at 4.35% at the September meeting. With the US recently dropping their cash rate target by 50 basis points last week, alongside earlier cuts from the UK, Canada, NZ, China and the EU (among others), the RBA’s decision to…
What do you look for when you go househunting? As the Spring selling season heats up, Domain has unveiled fresh data revealing the ‘priceless’ features that Australian families are prioritising when choosing a home. And it seems, forget the old bank of mum and dad; today, it’s all about the babysitting perks and family support…
The value of home loans in arrears by 30 to 89 days has risen for the seventh consecutive quarter, as more borrowers struggle to keep on top of repayments. It now stands at $14.88 billion according to the latest APRA Quarterly ADI Property Exposure statistics data, released yesterday for the June 2024 quarter. This amount…
The total value of new housing loans rose 3.9 per cent in July to $30.6 billion, according to data released by the Australian Bureau of Statistics. The value of new investor loans rose 5.4 per cent to $11.7 billion, which was 35.4 per cent higher than July 2023. The value of owner-occupier loans rose 2.9…
The Australian Bureau of Statistics has released the July monthly Consumer Price Index (CPI) data. The monthly CPI indicator was 3.5% in the 12 months to July 2024, falling from 3.8% in June, the second monthly drop in a row. This is the lowest result since March 2024. The most significant price rises were Housing…
Regional property markets are experiencing a slowdown in value growth as affordability constraints, normalising listing levels, and the elevated interest rate environment continue to impact growth, according to CoreLogic’s Regional Market Update. Regional markets saw dwelling values increase by 1.3% over the three months to July, compared to a 1.8% rise in capital cities. The…
