Australia’s housing shortage is the elephant in the room no one can ignore. With sky-high rents, a squeeze on supply, and frustrated tenants battling for every available property, the housing crisis is a cocktail of systemic issues that’s been brewing for years. Amid this turmoil, the federal government has floated the idea of capping international…
Australia’s regional housing markets are once again outperforming their capital city counterparts, with Queensland and Western Australia leading the way in value growth, rents and rental yields. The latest CoreLogic Regional Market Update found dwelling values in regional areas rose 1.1% over the three months to October, exceeding the 0.8% growth recorded in capital cities….
The NAB has amended its forecasts for both house prices and interest rates for 2025. Alan Oster, NAB Group Chief Economist explained the bank made a slight adjustment to their property price forecasts for 2024 (which is obviously almost over). Recent data showed prices were a bit softer than the NAB initially expected. But looking…
The NAB has changed its rate cut forecast from February 2025 to May 2025. This comes after the latest unemployment rate came in steady at 4.1% for October. Even though this was widely expected, it does challenge the RBA’s forecast track of the unemployment rate increasing to 4.3% in Q4 2024. The NAB believes that…
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…
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,…
All bets are off for a November RBA rate cut despite a drop in Australia’s annual inflation rate from 3.8 per cent to 2.8 per cent in the September quarter. The Consumer Price Index is now at the lowest level since the March quarter of 2021, and well below the peak of 7.8 per cent…
Victoria’s property market is undergoing significant changes aimed at stimulating buyer interest and addressing the housing supply shortfall. The Victorian government has introduced a temporary stamp duty concession for off-the-plan properties, effective October 21, 2024. The concession runs for a year and targets the state’s property market challenges. By reducing upfront costs, the Victorian government…
The latest Mortgage Insights report from Money.com.au sheds light on key trends in Australia’s home loan market, providing crucial insights for both seasoned investors and first-home buyers navigating these turbulent times. The average new loan size in Australia has risen by 8.8%, now sitting at $636,208, with investors seeing slightly higher figures at $648,998. While…
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…
