House prices to fall further, but won't derail the economy

House prices are likely to fall further according to the ANZ Bank and stall any interest rate movement by the RBA, but this won’t derail Australia’s economic outlook.  A recent report to ANZ’s institutional, professional or wholesale clients suggested that the weakness in Australia’s housing market has persisted longer than they expected.   The bank has revised its…

Becoming more urban: attitudes to medium-density living are changing in Sydney and Melbourne

Residents of established middle suburbs are slowly coming round to the idea, but governments and the property sector lack the capacity to deliver compact cities that are acceptable to the community, writes… Peter Newton, Swinburne University of Technology Australia is increasingly linked to a fast-growing global population.   The populations of Sydney and Melbourne are both…

Trend in capital gains losing steam despite strong monthly rise in capital city dwelling values

The housing market is gradually responding to higher mortgage rates, tighter credit policies and affordability challenges, with the quarterly trend in capital gains moderating relative to early 2017.  The July 2017 CoreLogic Home Value Index results recorded a 1.5% rise in dwelling values across the combined capital cities for the month.   Most individual capital…

RBA Survey | Aussie dollar peaks to 2-year-high, raising eyebrows among economists

While the cash rate has been stagnant, and it’s predicted there will be no movement at the Reserve Bank’s board meeting tomorrow, it’s been a different story for the value of the Australian dollar against the greenback, according to’s monthly cash rate survey, the largest of its kind in Australia, shows all 35…

Melbourne continues to rise

Newly released Census data highlights the rapid densification of Melbourne’s CBD where the number of residents per square kilometre has more than doubled over the past decade. The 2016 Census has revealed the most densely populated SA2 region in Australia is now Melbourne, with the 2.4 square kilometre region home to 37,754 residents, equating to 15,754 residents…

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