Most days I take our dog Lincoln for a walk along the beach at the end of our street. This morning as we walked along the path I looked out at the water on the bay and saw strong waves thrashing onto the shore and thought to myself, “Wow, it’s windy out there.” As I…
Dwelling approvals fell 5.8% over the month of September according to the latest ABS data. Daniel Rossi, Director of Construction Statistics at the ABS, said: “The fall in approvals was driven by private sector houses, which declined 7.8 per cent. Approvals for private sector dwellings excluding houses fell 1.8 per cent.” Overall detached house approvals…
Home lending fell sharply over September with the rate of decline accelerating significantly compared to the more moderate August fall. The ABS reports that the value of home loans seasonally adjusted (excluding land and alterations and additions) decreased by 7.8% over September compared to the previous month and is now 19.7% lower than reported over…
Citing ongoing concerns about inflationary conditions, and the potential for tight labour markets to fuel further domestic inflation, the RBA continued along its less aggressive path of rate hikes in November, lifting the cash rate a further 25 basis points to 2.85%. The cash rate is now 30 basis points above the pre-COVID decade average…
When you are looking at potential investment properties, it can be difficult to be objective. Real estate is such an emotional asset class — far more so than investments like shares — and, all too often, buyers lead with their hearts. Instead, a better strategy is to try to approach it like a property valuer,…
Restrained spending has characterised the Albanese Government’s first federal budget. With Treasury forecasting annual headline inflation to hit 7.75% in the December quarter, key considerations for fiscal policy range include increasing productivity and moderating spending to minimise inflationary pressures. Various measures seek to increase labour force capacity, including upskilling workers through subsidised tertiary education, boosting…
There is a lot of excitement around the Tasmanian property market. While the Apple Isle is projected to deliver strong capital growth, at least in the short-term – making it an attractive destination for investors — there are few things to consider before signing on the dotted line. With Sydney and Melbourne falling off the…
What a busy week it has been! The Albanese Government handed down its first budget since forming the government, we got an update on the consumer price index, which lifted by 1.8% in the three months to September, taking the annual rate to 7.3%. Ms Eleanor Creagh, Senior Economist at REA Group shared her insights:…
Australia has long been viewed as home to some of the best, most beautiful and even safest cities in the world. It’s unsurprising then that one of our home cities managed to make Time Out’s list of 53 Best Cities in the World for 2022. In fact, it’s surprising that more didn’t make the list!…
Are you planning to sell your home this year? I bet you want the best price you can get, bit it’s no easy task to set the price for your home, which is probably your most valuable asset. It is likely you will think your home is worth a mint and the estate agent will…
