By Grace Ormsby 19 March 2024 It’s the first rate decision to be handed down outside of the former ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate at 4.35 per cent was…
Latest Property News
Four years on from when the World Health Organisation declared COVID-19 a worldwide pandemic, CoreLogic research director Tim Lawless has revealed seven ways COVID changed housing trends. It was four years ago when the World Health Organisation declared COVID-19 a worldwide pandemic. Since that time economic trends, including housing metrics, have been on a roller coaster…
January 2024 quarter Sydney’s housing market commenced the year with record house prices and units close to full recovery. House prices now sit about $6,000 above the previous peak and are on track to surpass $1.6 million next month. The recovery in unit prices has picked up pace – leaving only about $12,000 to recoup.…
Core Logic Research News • 01 Mar 2024 Housing values posted a broad-based rise in February with CoreLogic’s national Home Value Index (HVI) up 0.6% in February. The 20 basis point acceleration from the 0.4% increase seen in January was the strongest monthly gain since October last year. Each of the capital cities and rest-of-state regions recorded…
Research News • 20 Feb 2024 As the gap widens between house and unit values, we reveal the suburbs with the largest and smallest house premium. Underlying land value, scarcity factor and desire for more space through the pandemic has led to a substantially larger rise in house values relative to unit values over the past…
In today’s Pulse article, Head of Research Eliza Owen discusses how the performance of dwelling values and rental demand influences Australia’s current housing supply. The current state of the Australian housing market is often characterised as undersupplied. Supply is at the centre of government policy approaches to housing, and the latest reporting from Housing Australia…
RBA holds, further increases ‘not ruled out’: Bullock Although the official cash rate remains unchanged, the RBA governor has flagged that more rate increases are still possible. The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.35 per cent during its inaugural cash rate decision for 2024. The decision…
Research News • 01 Feb 2024 The CoreLogic House Price Index rose for the fourth month in a row in January, although the 0.4% increase was a deceleration in the pace of gains on both November (0.7%) and December (1.0%). Since September’s trough, property values have now risen 2.5%, bringing the national average to $928,184, or…