Affordability has become a key issue in the Australian property market as housing and unit prices continue to record consistent growth. Both metropolitan Australia, particularly Sydney and Melbourne, and regional Australia have experienced considerable growth over the past two years, leaving many Australians searching for affordable alternatives. PRD’s chief economist Dr Diaswati Madiarsmo joined SPI editor Grace Ormsby on a recent episode […]
Data just released by the Australian Bureau of Statistics (ABS) shows new lending to investors is on an upswing. Examining their areas of interest, an economist has pinpointed where an uptick in rental listings might follow. Figure from the ABS indicated that March 2022 recorded a 2.9 per cent increase in investor lending activities, which […]
Pre-COVID-19, house prices across Australia’s major capital cities were already expected to enter a cyclical upswing in 2020 – so did the pandemic change things for the better?
CoreLogic’s Home Value Index (HVI) has recorded its lowest monthly growth since October 2020, impacted by the slowing growth of two of the nation’s largest markets. Melbourne and Sydney’s residential real estate markets have recorded their first quarter of negative house value growth since the initial extended lockdowns implemented at the beginning of 2020. The […]
The Reserve Bank of Australia has released its cash rate for May amid wide speculation this would be the month to break the record low that has been held since November 2020. During its monthly board meeting on Tuesday, 3 May, the bank moved to raise the cash rate 25 basis points, from 0.1 to […]