The number of suburbs where it’s cheaper to buy than rent has been slashed in the past year, due to a record number of rate hikes that have outpaced skyrocketing rents. CoreLogic’s analysis of 3,904 house and unit markets nationally found for houses, just 9.1% of suburbs were cheaper to buy than rent, down from…
The upcoming Reserve Bank cash rate decision is a close call, but the latest inflation figures may be enough to prompt the RBA to hit the brakes next Tuesday. In Australia, inflation is moving in a positive direction, with February’s annual figures at 6.8%, down from 7.4% the previous month and 8.4% in December, according…
The ABS released its monthly inflation gauge, and it showed inflation dropping sharply from 7.4 per cent to 6.8 per cent in February. This was way under market estimates and confirms inflation as well down from 8.4 per cent last year. After an implied -0.4 per cent last month, the monthly inflation figure was only…
Investor confidence was battered last year with eight consecutive rate rises, but will this year be any better for our property markets? In all the current uncertainty, it’s good to know that there are some property market indicators that point the way forward and help us time those critical turning points. To demonstrate how they…
Inflation is set to fade. Inflation expectations are falling, with implied forecasts dropping to around 2-year lows in the US. Australia’s 3-year bond yield is trading at 2.79 per cent yesterday morning, which is of course a long way below the current cash rate target of 3.60 per cent. I reckon it will be important…
The rental markets across the country continue to be tight, with a high demand for rentals that surpasses the available supply. Consequently, there is an upward trend in weekly rents, and vacancy rates are declining. The pandemic has exacerbated this situation, with vacancy rates plummeting by 50%, highlighting the severity of the conditions in most…
We are all aware that central banks around the world have been hiking interest rates to reduce inflation back to normal levels. The US economy, and particularly the labour market, have been more resilient than most expected. This means the US central bank might have to hike interest rates higher than in other jurisdictions to…
Sydney unit prices are now rising, and I believe will continue to do so for a number of reasons. Firstly, interest rates are at or close to their peak now, with Australia’s 3-year bond yield trading down towards 2.7 per cent, from around 3.7 per cent only a few weeks ago. This largely reflects the…
It has been very well reported that many mortgage holders will soon be paying much higher interest rates when their fixed rate terms expire. It is estimated that $478 billion worth of fixed-rate mortgages is due to expire in 2023. In addition, borrowers may also have to navigate the end of an interest-only term, which…
Australia’s population is booming, with migration levels exceeding the peak of the mining boom. And there are some regions in particular where popularity is surging. Commbank and the Regional Australia Institute’s latest Regional Movers Index shows that there are 5 Australian regions where migration has exploded… by more than 200%. Sea and tree-change shift is…
