According to buyer advocates, it’s the perfect time for buyers “to make a cheeky offer”. In the wake of the latest Reserve Bank of Australia (RBA) rate rise, the Real Estate Buyers Agents Association (REBAA) said that while some people will be sitting on the fence “and feeling despondent”, buyer’s agents plan to make the […]
For the first time this year, over 2,000 homes will go under the hammer across the country, according to data from CoreLogic. The week ahead should see 2,459 capital city homes auctioned off, a 33.2 per cent increase on the previous week’s levels. Despite the week-on-week increase, this remains 27.4 per cent below the equivalent […]
Despite confidence surrounding the housing sector taking a hit from rate hikes in 2022, Herron Todd White (HTW) is optimistic that rate cuts during the second half of 2023 will bring increased stability to the market. In its latest Monthly Review, Kevin Brogan, the national director of group risk and compliance, said that the confidence […]
The Reserve Bank of Australia’s (RBA) aggressive, inflation-stemming cash rate hiking cycle has left many Australian homeowners questioning if and when it will end. Last December Australia’s central bank opted to lift the cash rate by 25 basis points – it’s eighth hike of the year – to 3.10 per cent, further compounding the financial woes of […]
The state’s regions have capped off a strong 2022 despite eight interest rate rises and “a confluence of pressures from the rental market”, says the REIV. The Real Estate Institute of Victoria’s (REIV) December Quarterly Median Report has highlighted that regional Victorian house prices jumped 8 per cent over the 12 months of 2022, reaching $610,000. Over […]
The release of the Australian Bureau of Statistics’ (ABS) latest Consumer Price Index (CPI) yesterday (11 January), which covers November 2022, has resulted in one industry leader imploring the Reserve Bank of Australia (RBA) to pause interest rate increases. According to the latest figures, the monthly CPI indicator rose 7.3 per cent in the 12 […]
Despite property prices falling this year, it would cost a Queensland borrower 40.3 per cent of their income to service a new mortgage, according to a new report. As Queensland continues to grapple with strong internal migration and investment opportunities not slowing down, the cost of servicing a new mortgage has continued to rise, according […]
In light of the latest inflation data, the national real estate firm called on the Reserve Bank of Australia (RBA) to “take its foot off the interest rate pedal”. Executive chairman of Raine & Horne, Angus Raine, called on the central bank to consider taking a pause on hiking the cash rate during its monetary […]
Spring has turned to summer, bringing with it a boost to the nation’s auction activity. Across the country, a 3.8 per cent activity increase resulted in 2,506 homes going under the hammer for the week ending 4 December 2022, marking the busiest week since June, when 2,528 auctions were held in a seven-day period. So […]
CoreLogic is predicting the seasonal activity peak is on the horizon following Australia’s busiest week since late June. Across the country, activity rose 4.4 per cent to 2,364 auctions for the week ending 20 November 2022, bringing preliminary clearance rates, which rose 3 percentage points, with it. Of the 1,790 results collected so far, 63.1 […]