The RBA held the cash rate steady at 4.35% for its last meeting of the year. This was broadly expected as several data flows came in weaker through November. Retail trade fell -0.2% month-on-month, and although still low, the unemployment rate ticked up 20 basis points to 3.7% in October. The monthly CPI measure also…
Awesome landlords attract awesome tenants. It’s a simple matter of A + B = C… and while this equation applies in virtually all areas of life, it is remarkably relevant when it comes to managing your investment properties at an optimal level. A brilliant landlord is able to keep hold of tenants for longer periods…
Australian dwelling values have regained the losses from the recent downturn and surpassed their previous peak to reach a new record high, CoreLogic’s national daily Home Value Index shows. After reaching a peak in April 2022, national home values fell -7.5%, finding a floor on 29 January 2023. Since bottoming out, the national HVI has…
Does the stress of renting really make you feel older? Well, according to a new study by Australian researchers that looked at the stress of renting in British adults, people who rent their home as opposed to owning outright age faster than those experiencing unemployment or who’ve previously smoked. The study found that renting stress,…
After recording stronger growth and milder declines through the recent cycles, a new analysis of Australia’s regional housing markets shows many areas have lagged their capital city counterparts over the past year. CoreLogic’s refreshed Quarterly Regional Market Update, which now analyses value and rent changes across the country’s largest 50 non-capital Significant Urban Areas (SUAs),…
Property investing doesn’t seem like it’d be all that difficult, right? You buy a place, jazz it up, rent it out and enjoy the returns. How could anyone make too much of a mistake? Right? If only it were that easy. In reality, there are actually plenty of different mistakes, missteps and errors that can…
Employment increased +55,000 in October, taking employment in Australia a massive +419,000 higher over the past year to a record 14,173,500. The October result was largely a result of part-time employment, however, some of which may have been driven by temporary hiring related to The Voice referendum (which would likely be unwound in November). Still,…
Australia’s housing market upswing has become more widespread, with four in five house and unit markets analysed nationally recording a rise in values over the past three months. CoreLogic’s interactive Mapping the Market tool, updated with data to the end of October 2023, found that 83.1% of house markets and 80.6% of unit markets saw…
What’s ahead for apartment vacancy and rent? Well, new data from CBRE research found that median rents are expected to grow by $120/week (+26%) between 2023-2028, across 53 precincts in Australian capital cities. In fact, a number of precincts are likely to see mid/high 30% rental growth. It is also expected that capital city vacancy…
It’s happened again. The Reserve Bank has hiked interest rates in November, ending a four month reprieve for mortgage holders amid renewed fears that inflation is not falling fast enough. RBA govenor Michelle Bullock said on Tuesday that inflation is still too high, requiring action. “Inflation in Australia has passed its peak but is still…
