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 […]
Against a backdrop of rising inflation, Australia’s central bank has revealed its latest move. It has announced a fifth consecutive rate hike following its monthly board meeting on Tuesday 6 September. The Reserve Bank of Australia (RBA) marked the first month of spring by launching its fourth consecutive outsized rate rise, implementing a 50 basis point increase […]
Lending for new homes fell over the year to July, with an “overwhelming” majority of variable loans written, CBA data reveals. The Commonwealth Bank’s (CBA) lending data for July 2022 revealed lending for new housing took a steep fall over the year to July, led by lending to owner-occupiers, lending to purchase existing dwellings, and […]
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 […]
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 […]
The first month of winter saw no improvement to the recent downswing of approved residential constructions, according to new data. According to the Australian Bureau of Statistics results, the trend figures for total dwellings approvals across the country over June were 15,780, marking no change from May and a 19.7 per cent drop year-on-year. Seasonally […]
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 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 […]