Amid much speculation as to which way interest rates will go in 2024, the Reserve Bank of Australia (RBA) has shared its latest update to the cash rate target. The Central Bank has made the decision to hold the cash rate at 4.35 per cent. While much chatter has surrounded the persistence of high inflation […]
It’s the first rate decision to be handed down outside of the former ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate at 4.35 per cent was widely expected from economists […]
New research reveals that after cooling their plans through 2023, Australians are once again laying the groundwork to buy. The latest Westpac Home Ownership Report found that 44 per cent of Australians plan to buy a new home in the next five years – increasing 9 per cent since July 2023. Increases were also recorded in investors, […]
Whether further rate rises lie in store for Australians in the next few months will be determined by three economic factors, according to a big four bank. Luci Ellis, Westpac’s economic spokesperson and head of the bank’s research, explained that while many are predicting this era of rate rises to have concluded, there are a […]
For one principal based on Sydney’s northern beaches, the answer is simple: real estate’s aversion to technology and change is costing the industry dearly. “As an industry we’re inclined to think ‘if it isn’t broken, don’t fix it,” explained Brendan Pomponio, principal of Belle Property Dee Why. “However, when the industry as a whole understands […]
The federal government has set a timeline to launch its shared-equity home buying scheme, which was a key Labour Party election promise in 2022. The scheme, called “Help to Buy”, will kick off in 2024, so long as the requisite legislation passes in each state and territory, which leaders agreed to do during the latest meeting of […]
Major banks have released their predictions for the second quarter inflation data and outlined how they expect it will impact the Reserve Bank’s August rate decision. Australia’s second quarter consumer price index (CPI) data due out on Wednesday is expected to show further deceleration in headline and underlying inflation, according to the latest forecasts from […]
In what could be a sign of typical winter conditions cementing themselves within the market, CoreLogic is reporting the nation will freeze through its coolest auction week in a while. According to the research firm, the week ending 25 June will see a 4.9 per cent reduction in auction activity Australia-wide, with 1,850 scheduled to […]
For the second time since last May, Australia’s central bank has held the cash rate, much to the relief of many Australian borrowers. At its July board meeting on Tuesday (4 July), the Reserve Bank of Australia (RBA) opted to keep the cash rate at 4.10 per cent. In his statement announcing the RBA board’s decision, RBA […]
Unit values lagged behind house values in May as shifting market dynamics and changing buyer preferences narrowed the performance gap between the two sectors. CoreLogic’s latest report showed unit values underperformed for the first time since May 2022, lifting by just 0.9 per cent compared to houses, which saw a 1.2 per cent increase in […]