A new report from the Real Estate Institute of Victoria (REIV) showed that median property prices in outer Melbourne suburbs had hit a new record high in the latest quarter, as more Victorians trade out their city living for a more laid-back lifestyle. The state’s peak real estate body reported that outer Melbourne houses (or suburbs located […]
The bank’s chief economist has pitched its latest Reserve Bank prediction, predicting another half-percentage hike next month, followed immediately by a freeze. If the major bank’s prediction of a fourth consecutive lift over August to 1.85 per cent is correct, this will be the highest that the cash rate has reached in over six years. […]
Property prices may be dropping, but that doesn’t mean that things are slowing down for the property market. According to figures from PropTrack, new listings were up 8.5 per cent year-on-year across the country, making it the busiest June for new listings since 2011. The winter months usually bring about a seasonal lull. This June […]
The latest cash rate decision from the Reserve Bank of Australia (RBA) will have an impact on the nation’s property market as households cool non-essential spending to fight rising costs. The latest RBA decision, handed down on Tuesday, 5 July, at its monthly board meeting, saw a second consecutive 50-basis point lift to the cash rate, resulting […]
An expert is warning home owners to prepare for the full impact of a 50-basis point hike today (5 July) and to further brace for more hip-pocket pain to come as the central bank beefs up efforts to rein in inflation. With the Reserve Bank of Australia widely expected to dole out back-to-back half-percentage point […]
A new research showed that property owners are unlocking the equity in their homes for a range of reasons but with the same end goal: financial security and certainty. According to the latest NAB Housing Market Insights Report, many home owners who have seen an increase in the value of their homes in recent years are […]
We are halfway through 2022, and we’ve passed the shortest day of the year. This winter, as temperatures plummet, interest rates are rapidly increasing, and we can expect more increases before the end of the year. In the world of real estate, despite doom-and-gloom predictions from the pundits, we are still tracking for another solid year. […]
Dan Andrews’ Labor Party will be bringing a new-look cabinet to the next Victorian election, having named a new Minister of Housing and a new Minister for Planning over the weekend. With the revelation that a number of senior ministers are set to resign at the next election, the outcome of a parliamentary Labor Party […]
A total of 2,358 auctions were held last week, down 6.7 per cent from the previous week, according to preliminary CoreLogic data. A drop in auction activity in Melbourne has contributed to an overall decline in auction volume across the national combined capitals. A total of 2,358 auctions were held throughout the course of the week ended 26 […]
How do you buy a property in a buyer’s market? We give you tips on how to make it work in your favour. With the headlines declaring that Australia is now a buyer’s market, you may be asking yourself what the term really means for people who are looking to enter the real estate market. […]