While total auction activity may be down, it’s forcing more competition into the market, if the latest CoreLogic figures are anything to go by. CoreLogic economist Kaytlin Ezzy has acknowledged that auction activity was down 2 per cent across the combined capitals this week. A total of 1,883 homes were up for grabs in the […]
Tuesday’s decision by the Reserve Bank of Australia (RBA) to raise the cash rate to 2.85 per cent, the highest in nearly a decade, will add further financial pressure to Australians. Philip Lowe, RBA Governor, hinted that the decision to raise the cash rate by 0.25 percentage points at the Board’s November meeting will not be the […]
Just one Aussie region maintained its market resilience over the last month. Regional South Australia remained the only area across the country to remain resilient to value declines, according to CoreLogic’s latest Home Value Index (HVI), as values in the region rose 0.1 per cent. October marked the sixth consecutive month where the research body’s […]
Costs rose by the highest annual rate since the introduction of the GST with little reprieve expected for the construction industry and consumers, the property research house said. CoreLogic’s Cordell Construction Cost Index (CCCI) for the third quarter of 2022 showed that national residential construction costs surged by 11 per cent over the 12 months […]
Ahead of the Reserve Bank of Australia’s (RBA) monthly board meeting on Melbourne Cup Day, Australia’s big four banks have forecast where the cash rate will land come Tuesday afternoon (1 November). In the week ending 30 October, Westpac became the latest big four bank to forecast the RBA’s next monetary policy move, doubling the […]
Confidence in the housing market bounced back in the last quarter, as the Reserve Bank of Australia eased back on its bumper rate rises. According to the NAB Property Insight Report, there has been a rise in the number of Australians who said now is a good time to buy, reaching 23 per cent following a […]
Melbourne just became a friendlier market for aspiring home buyers, as house prices in the Victorian capital fell below the $1 million threshold in the latest quarter. Data from the Real Estate Institute of Victoria (REIV) showed that the median price of houses in the city’s metropolitan area fell by 7.4 per cent to $993,000 […]
A stabilisation in cash rate changes by early 2023 will likely see the market normalise, a new market report for brokers from NAB has suggested. A new report released by National Australia Bank (NAB), Market megatrends 2022: Uncovering the opportunities for brokers, has suggested that while market conditions are changing and the global economy is experiencing […]
A majority of Australians have now shifted their attention away from how high prices fly to how low they will drop. The duration of property price upturns historically trumps that of downturns. Australia’s latest growth cycle saw CoreLogic’s Home Value Index (HVI) surge approximately 29 per cent; however, the tide has well and truly turned since the […]
Despite a highly uncertain period, these 10 suburbs on Queensland’s Gold Coast are proving to be attractive choices for interstate investors. A new Where to Buy report from BuyersBuyers has identified the top suburbs on the Gold Coast for investors with a $700,000 to $1,200,000 house price budget. According to BuyersBuyers co-founder Pete Wargent, South East Queensland […]