The Australian property market has seen its fair share of ups and downs over the past few years, and 2023 is shaping up to be no different. As we head into this new year, there are a few key themes that are expected to dominate the market. These themes will have an impact on the…
CoreLogic data indicates that property prices in the 5 largest capital cities have fallen by 7.1% since May when the RBA started hiking interest rates. Sydney has seen the largest price fall – down by around 10%, and Melbourne has fallen by 6.7%. But it’s not all bad news. House prices in Brisbane, Adelaide, and…
After years of social isolation, enforced work-from-home, a return to a slower pace of life, and great reprioritisation, 2022 brought a welcome change of life beyond lockdown. Hybrid work became the norm in a year characterised by staff shortages and The Great Resignation In 2022 people returned to the workplace – and in many cases,…
As you are aware, the RBA has aggressively hiked rates by 3% p.a. over the past 8 months, so variable home loan rates are now more than 5% p.a. (and investment loans approaching 6% p.a.). Fixed-rate borrowers have avoided these higher interest rates. However, a lot of fixed rates will begin expiring next year. As…
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As I look back at 2022, the year seems to have gone quickly for me, even though I know for a lot of people, it has been a slow and difficult year. For those in property, it was a roller coaster year where we came to expect the unexpected. We went from this time last…
We’re soon heading into a New Year and what a year it has been for the Australian mortgage market. It is moving through unprecedented change. With rates rising rapidly, record levels of household debt and the cost of living on the rise, your mortgage decisions could be key to making savings in 2023. An unprecedented…
Despite this year’s steep rise in interest rates Aussies keep spending and this consumer cash splash continued driving robust growth in the national economy. Australia’s economy as measured by the Gross Domestic Product (GDP) rose 0.6 per cent in seasonally adjusted terms in the September quarter of 2022 and by 5.9 per cent through the…
How confident are Aussie consumers that 2023 will be a better year in terms of the cost of living pressures? Well, according to the latest Canstar’s Consumer Pulse report, “Australians are wary that the Government and Reserve Bank of Australia (RBA) will be able to ease inflation and cost of living pressures in 2023 with…
We’re just a few weeks away before the year ends. And boy, what a year it has been for property! In fact, commentaries say that Australia’s property market in 2022 will be defined as the year that transitioned into a downturn from a once-in-a-generation property boom. 2022 Property market highlights Well, following extraordinary price growth…
Australia’s unit market struggled to keep up the pace with the housing market amid the Covid-19 pandemic boom as closed borders halted incoming migrants and local dwellers vacated their city apartments in search of more space in lifestyle suburbs further away from the city centre. But now the pandemic lockdowns have eased and our international…
