While the Reserve Bank of Australia has kept rates on hold yet again, the big question is—how much longer will this last? And more importantly, when might we see the next rate cut? With the local economy sending mixed signals, it seems that many economists are finding it increasingly difficult to predict the RBA’s next…
Western Australia (WA) continues to lead growth in owner-occupier loans, while Queensland (QLD) has become the second-largest market for investor loans, surpassing Victoria. Money.com.au’s latest Mortgage Insights report highlighted some interesting trends that reflect shifting buyer preferences, tax advantages, and affordability considerations across different states. National loan growth insights The average new loan size in…
The number of private property investors in Australia is dwindling, with recent data showing a significant drop. This shift will only worsen Australia’s rental shortage and increase rents. Rising interest rates, regulatory pressures, increased taxes, and high compliance costs have driven many investors to sell or pause further investment, with particular impact noted in Victoria…
Want to know what’s happening to the housing markets around Australia? Well… this monthly collection of charts from CoreLogic paints an interesting picture. Their November ‘Chart of the Month’ looks at vacancy rates compared with the pre-COVID five-year average across Australia’s capital cities and regional markets. With rental values rising just 0.2% in October, national…
Capital city auction clearance rates were relatively steady over the past week, however all capitals reported higher rates. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1446 71.8% 1407 64.7% 862 70.5% Melbourne 1372 69.1% 603 66.1% 957 66.6% Brisbane 183…
It’s been a tumultuous week for global markets and geopolitics as the US election came to a head, and we had a very predictable outcome from the RBA in their November policy meeting. And there’s some good news ahead for Australia, according to David Robertson, Chief economist of Bendigo Bank, who, in his latest report,…
Nationally, the asking prices for houses and units reflect contrasting trends. House prices have risen by 0.9%, while unit prices have slightly declined by 0.5%, resulting in a modest overall increase of 0.7%. Across all capital cities, the average asking price recorded a 0.9% increase, with house prices up by 1.3% and unit prices dramatically…
There weren’t many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points. It was only a few months ago when some forecasters were still expecting a November cut, but the data simply hasn’t been compelling…
National rents rose by 0.2% in October, a subtle bounce back from the weaker growth over the previous three months, but less than a third of the 0.7% monthly rise recorded in October of the past three years. Annual rental growth has dropped to 5.8%, the smallest annual rise in the national rental index since…
CoreLogic’s national Home Value Index (HVI) recorded a 0.3% rise in October, the 21st month of growth since the cycle commenced in February last year. The subtle positive movement was supported by the mid-sized capitals, led by Perth with a 1.4% rise over the month, offsetting declines in Darwin (-1.0%), Canberra (-0.3%), Melbourne (- 0.2%)…
