A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%. The dip below 3% puts the monthly measure of annual inflation back within the Reserve Bank’s target band of 2-3% for the first time since August 2021. The longer-running quarterly measure of annual inflation…
In a decision that was almost universally expected, the RBA kept the cash rate on hold at 4.35% at the September meeting. With the US recently dropping their cash rate target by 50 basis points last week, alongside earlier cuts from the UK, Canada, NZ, China and the EU (among others), the RBA’s decision to…
What do you look for when you go househunting? As the Spring selling season heats up, Domain has unveiled fresh data revealing the ‘priceless’ features that Australian families are prioritising when choosing a home. And it seems, forget the old bank of mum and dad; today, it’s all about the babysitting perks and family support…
The value of home loans in arrears by 30 to 89 days has risen for the seventh consecutive quarter, as more borrowers struggle to keep on top of repayments. It now stands at $14.88 billion according to the latest APRA Quarterly ADI Property Exposure statistics data, released yesterday for the June 2024 quarter. This amount…
The total value of new housing loans rose 3.9 per cent in July to $30.6 billion, according to data released by the Australian Bureau of Statistics. The value of new investor loans rose 5.4 per cent to $11.7 billion, which was 35.4 per cent higher than July 2023. The value of owner-occupier loans rose 2.9…
The Australian Bureau of Statistics has released the July monthly Consumer Price Index (CPI) data. The monthly CPI indicator was 3.5% in the 12 months to July 2024, falling from 3.8% in June, the second monthly drop in a row. This is the lowest result since March 2024. The most significant price rises were Housing…
Regional property markets are experiencing a slowdown in value growth as affordability constraints, normalising listing levels, and the elevated interest rate environment continue to impact growth, according to CoreLogic’s Regional Market Update. Regional markets saw dwelling values increase by 1.3% over the three months to July, compared to a 1.8% rise in capital cities. The…
Australia’s property market has once again demonstrated its resilience and unparalleled potential for wealth creation, with the latest Domain Profit and Loss Report revealing that property sales have reached record-breaking profit levels. The report, which examines sales across the nation, shows that an impressive 96% of houses and 90.7% of units resold for a profit…
The world’s most liveable cities have been revealed for 2024, with two Australian cities making the top 10. The Economist Intelligence Unit (EIU) has released its Global Liveability Index 2024 – which ranked Melbourne in 4th place (down from 3rd place in 2023) and Sydney in 7th place (down from 4th place last year). The…
I keep careful track of consumer confidence because it’s a good indicator of what’s ahead for our economy and property markets. And the latest ANZ-Roy Morgan Consumer Confidence report shows it increased 2.6pts to 83.9 this week after the Reserve Bank of Australia left interest rates unchanged. However, despite the improvement, looking longer-term the index…
