The RBA has flagged more options are on the table for the next cash rate hike in October. The Reserve Bank of Australia (RBA) will continue to lift interest rates until it is confident that higher inflation will not become entrenched, the governor of the RBA, Philip Lowe, told the House of Representatives Standing Committee […]
In just 12 months, land prices in Greater Adelaide went up by 8.5 per cent, reaching $205,000 and a median price per square metre of $465. The latest data, as analysed by Oliver Hume, reveals that the municipalities of Barossa (4.9 per cent growth), Gawler (18.3 per cent growth), Mt Barker (15.1 per cent growth), […]
This week is shaping up to be the largest auction week since late June, with 2,260 properties already set for sale across the combined capital cities. The beginning of September was a slow start to the spring selling season, with auction volumes down 9.6 per cent in the first week. CoreLogic has noted some progress […]
New research reveals that a substantial percentage of Australian mortgage holders are unprepared to manage their home loans in the face of rising interest rates. Nearly one in five (17 per cent) of mortgage holders admit to having little or no understanding of how the Reserve Bank of Australia (RBA) cash rate increases will affect […]
The latest data from the Real Estate Institute of Queensland (REIQ) has highlighted how the Sunshine State’s property market’s growth has begun to slow. The June 2022 quarter saw Queensland’s median house prices by 3.61 per cent, while unit values climbed 1.59 per cent, with REIQ chief executive officer Antonia Mercorella indicating that these figures […]
Rising rates are causing an increasing number of Aussies to feel anxious about their mortgages, a new report has revealed, with almost 30 per cent of property owners now dreading the possibility of defaulting on their home loans. New research from home loan broker Aussie Home Loans revealed that around 75 per cent of surveyed […]
While the central bank went hard on its third consecutive 50-bp hike – without considering another option – the August minutes reveal it is not set “on a pre-set path”. The Reserve Bank of Australia’s (RBA) released its August monetary policy meeting minutes (16 August), which revealed the board decided to increase the cash rate […]
The Perrottet government has announced details of a plan it says will unlock the development of tens of thousands of homes across the state. A number of high-growth councils are eligible to apply for a share of the latest round of funding from the Accelerated Infrastructure Fund in a move that the NSW Premier believes […]
New rental listings are being snapped up quicker than ever before, according to one listings portal’s figures from the month of July. New data from PropTrack has revealed that rental properties advertised on realestate.com.au are renting in an average of 19 days, a historic low for the firm since it first began advertising homes for […]
The Reserve Bank of Australia’s decision to again raise the cash rate will further slow national house price growth, according to the Real Estate Institute of Australia (REIA). Despite the forecast value decreases, induced by the board’s verdict to lift the cash rate by 50 basis points to 1.85 per cent delivered at its monthly meeting on […]