A major network has acknowledged that the latest rate decision from the RBA will have a knock-on effect on the traditional spring selling season. LJ Hooker Group believes that the latest interest rate rise is unlikely to bring a rush of listings in Sydney and Melbourne especially — and could even mean that fewer properties do hit […]
On a budget? Take a look around the country and find out what kinds of property can be purchased in the sub-$700,000 range — and where you’ll get the most bang for your buck. In its July monthly review, Herron Todd White has painted a picture of Australia’s diverse property landscape by highlighting what dwelling types can be […]
Following on from three consecutive higher-than-normal hikes, the Reserve Bank of Australia (RBA) has revealed its official cash rate decision for August 2022. In an expected turn of events following on from the revelation that the inflation rate had reached 6.1 per cent, the Reserve Bank of Australia has moved to lift the cash rate […]
The property analysis outfit has reported that the current trend for Australian home values mirrors rates observed during the 2008 global financial crisis. According to the latest Corelogic Home Value Index (HVI) for July, there was a 1.3 per cent decline in Australian dwelling values nationwide. This was buoyed by value declines in Sydney (-2.2 […]
Inflation is one of the biggest buzzwords in today’s market, but what does it spell for investors? Here are three main ways rising inflation is dictating real estate trends, according to experts. Inflation is running hot throughout the economy, but its impact is more pronounced on the housing market, according to BuyersBuyers co-founders Doron Peleg […]
Australia’s property prices are set to decline by 15 per cent over the next 18 months, according to a new PropTrack analysis. The forecast comes from the PropTrack Property Market Outlook July 2022 report — a biannual analysis of the residential property market, which also comes with an outlook for the year ahead. According to Cameron […]
The trend of buying real estate sight unseen is here to stay, as a new report revealed that one in four buyers is looking beyond their state lines to purchase a property. Data from Little Hinges revealed that out of 3 million virtual inspections tallied over a six-month period, interstate inspections represent 27 per cent of […]
Move over, fear of missing out (FOMO); there’s a new acronym in town. The FOMO sentiment – which partly fueled the frenzied property price increases in the last two years – has been replaced by a far more measured approach to the market called fear of overpaying or FOOP, according to the principal of Michelle […]
The big four bank is now expecting consecutive 0.50 per cent increases to the cash rate between August and November. ANZ’s updated prediction trumps the Commonwealth Bank’s forecast delivered last Friday (15 July), which prophesied a cash rate of 2.60 per cent, and expects the official cash rate to hit 3.35 per cent come the […]
When buying a property, people will usually check its price first. In real estate, we often talk about the market price of a house, which is the price at which it could be sold on the open market. However, the market price is different from the market value. The market price is determined by whatever […]