The November auction market has concluded with more steady, generally positive results over the final week of the month, although end of season clearance rates have eased marginally over recent weeks. This weekend’s auction results around Australia: Capital City This Week Last Week Saturday Last Year Auctions Rate Auctions Rate Auctions Rate Sydney 1345 68.0%…
National home prices have continued to rise over November with 2024 clearly set to produce another positive year for capital city housing markets generally. The national capital city median house price increased by 0.6% to $1,163,921 over the November quarter compared to the October quarter results, according to the latest data from My Housing Market….
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…
The ABS monthly CPI indicator, released today for October, shows headline inflation has remained steady at an annual rate of 2.1%. While this is close to the bottom of the RBA’s target band, the data has been heavily skewed by the government’s temporary energy bill relief rebate and of course the RBA would be happy…
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….
It looks like we’ll have to wait longer for rate cuts Westpac has revised their view of the most likely scenario for the path of the RBA’s cash rate, pushing out the start date of the RBA rate-cutting cycle from February to May 2025, but more front-loaded than previously assumed. This adjustment aligns with National…
Have you noticed how some Australians seem to be tightening their belts while others continue spending with little restraint? The latest CommBank iQ Cost of Living Insights Report highlights an emerging disparity between younger and older Australians in their financial habits, painting a vivid picture of the economic challenges and opportunities shaping the nation. According…
![Adelaide housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2019/04/adelaide-270x200.jpg)
Adelaide is showing little signs of losing momentum, with housing values rising a further 1.1% in October, the eighth month in a row where values have risen by more than 1% month on month. The latest rise has added approximately $8,540 to the median dwelling value across the city. The local unit market is driving…
![Melbourne housing market update [video] | November 2024](https://cdn.propertyupdate.com.au/wp-content/uploads/2020/01/melbourne-1-270x200.jpg)
Melbourne’s housing market has recorded seven consecutive months of decline, with the market down a further 0.2% in October, taking values 0.8% lower over the rolling quarter, to be down 1.9% over the past 12 months. The unit sector has been more resilient to the downturn, but not immune. Values across the unit sector have…
