Despite a declining national property market, led by the activity of Sydney and Melbourne, there remain numerous regional markets where prices are on a slow uptick. Arjun Paliwal, founder and head of research at InvestorKit, has identified five regional Australian markets set to continue the COVID-pandemic boom and administer strong capital growth moving forward. “Many […]
Over 41 per cent of housing across the country lost value during the three months to June, according to new CoreLogic figures. According to this latest report, Australia’s property market downturn continued to pick up pace during the latest quarter, as more markets feel the sting of the consecutive rate hikes, rising inflation, and weaker […]
The major bank has revised its cash rate forecast, now expecting the Reserve Bank to hike rates to 3.35 per cent by November. Under this revised outlook, ANZ has said that the Reserve Bank (RBA) will introduce four-consecutive, 50-basis point (bp) bumps between now and November’s cash rate decision. The cash rate will remain at […]
A new report showed that Australia’s property market downturn continued to pick up pace during the latest quarter, as more markets felt the sting of the consecutive rate hikes, rising inflation, and weaker consumer confidence. Out of 3,085 house and unit markets analysed across the country, CoreLogic reported that 41.9 per cent recorded a decline […]
Australia’s pandemic property boom is well and truly at its tail end, with rising interest rates and inflationary pressures two major factors contributing to the market’s decline. Property prices have begun the cooling process and are showing no signs of slowing down, with predictions of a 10 to 15 per cent value decline on track […]
The beginning of a new financial year often brings with it a string of legislative and economic changes, including the latest amendments to Queensland’s land tax system. As one aspect of a number of changes to the interstate properties and land tax, announced by the Palaszczuk government in December last year, state land tax will […]
While the RBA deputy governor warns Australian borrowers pose “potential risks” to the financial sector, ballooning assets may buffer any financial risks. In her first major speech since being appointed in April, Reserve Bank of Australia’s (RBA) deputy governor Michele Bullock told the Economic Society of Australia that while indebted homeowners posed more risk to the […]
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 […]