Why are so many Australians left without a place to call home? The latest homelessness data released by the Australian Institute of Health and Welfare (AIHW) paints a stark picture of an issue that’s no longer confined to society’s most vulnerable—it’s unfortunately becoming a crisis for everyday Australians. Over 280,100 Australians sought help from specialist…
Imagine living on a street where the median house price rivals the GDP of a small nation. Now, picture the breathtaking harbour views, iconic mansions, and prestige that come with it—welcome to Australia’s most expensive streets. Australia’s elite real estate hotspots From Sydney’s shimmering coastline to Melbourne’s leafy enclaves, certain streets are synonymous with wealth,…
Australia’s housing market has reached a critical juncture, with only 10% of homes now deemed affordable for the average worker, according to a recent report by ANZ and CoreLogic. This alarming statistic highlights the growing disparity between income levels and property prices, raising concerns about the nation’s economic stability and the future of homeownership for…
For Australian mortgage holders eagerly anticipating relief from the Reserve Bank of Australia (RBA), there’s been a shift in the narrative. ANZ has just joined Westpac and NAB in revising its cash rate forecast, now predicting the first rate cut will occur in May 2025 instead of February and reducing the expected number of cuts…
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,…
