The number of Australians who thought now was a good time to get a mortgage fell to one-in-five in Q2. According to new data from NAB, just 18 per cent of Australians think now is a good time to buy a home – down from 23 per cent in the first quarter of 2022, marking […]
For the sixth consecutive week, the nation’s combined capitals have registered a preliminary clearance rate of below 60 per cent. A 2.4 per cent increase in auction activity, which saw 1,667 homes go under the hammer nationwide, was not enough to stop this slide. So far, the combined capitals are reporting a preliminary clearance rate […]
Several lenders have announced interest rate rises on mortgage and savings rates, following the central bank’s decision to raise the cash rate by 50 bps. On Tuesday (5 July) the Reserve Bank of Australia (RBA) announced at its monetary policy meeting it will increase the cash rate by 50 bps to 1.35 per cent. Following the move, […]
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 […]
Following its monthly monetary policy meeting today (5 July), the Reserve Bank of Australia (RBA) has announced that it will increase the cash rate by 50 basis points (bps). The move is the second 50-basis-point hike in a row and follows the 25-bp hike in May, taking the official cash rate to 1.35 per cent. The RBA’s […]
Both auction activity and preliminary clearance rates dropped drastically nationwide last week, continuing a downward trend. Across the combined capitals 1,864 homes went under the hammer, down from 2,364 the week prior, preliminary data from CoreLogic showed. According to the Property Market Indicator report from CoreLogic, of the 1,453 results collected so far, just 55 per cent […]
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 […]
A record number of Australians spent $1 million or more to secure a home in the past year, according to new CoreLogic data. CoreLogic’s annual Million Dollar Markets report has revealed that just under a quarter (23.8 per cent) of the 596,733 home sales that took place over the year to March 2022, went for more than $1 million. The figure marks […]
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. […]