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Interest rate bingo entails making a successful guess about when we’ll see our first interest rate rise in Australia since 2010, and for most of the year, it’s been even money that the increase will come in early 2024. Ever since November 2020, when the Reserve Bank of Australia (RBA) cash rate landed with a…

A new study indicates property investors have ‘doubled the distance’ between where they live and where they invest in response to the pandemic. The analysis also revealed which state most buyers are investing in. Our latest Property vs. Postal survey showed remote and borderless investing had been supercharged by COVID19. We analysed the details of…

In the first month after the end of the NSW and Victoria lockdowns, Australia’s unemployment rate remains unchanged at 9.2% in November according to figures released by Roy Morgan. The latest Roy Morgan employment series data shows 1.33 million Australians were unemployed in November, up 10,000 in October (9.2% of the workforce), and 1.21 million…

Australia’s economy is rebounding from the recent Delta lockdowns with a robust recovery in labour demand as evidenced by a significant increase in ads for employment. Job advertisements as tracked by ANZ rose by 7.4% in November to a 13 year high of 222,093 available positions. Ads are up 52% on a year ago and…

National home lending has continued to fall over October despite the easing of severe lockdown restrictions in Sydney and Melbourne. The outlook for lending activity remains mixed with rising affordability barriers and the satisfaction of pent-up demand acting to reduce home-buying activity. The ABS reports that the value of home loans seasonally adjusted (excluding land…

Saving for a house deposit could take on average almost 20 years in some suburbs, according to startling new research by Finder. Analysing property prices and incomes in each of Australia’s capital cities, and in Australia’s local government areas (LGAs), Finder determined where saving for a home is the most challenging.  Unsurprisingly, Sydney was the…

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