Latest Property News

Mortgage serviceability cheaper than renting on over a third of Australian properties

CoreLogic analysis suggests servicing a mortgage is now cheaper than paying rent on 36.3% of Australian properties, which is higher than the pre-COVID proportion of 33.9% reported in February last year.  The analysis was undertaken at the individual property level, using a set of mortgage assumptions and valuation estimates, to approximate mortgage repayments. These were then compared with…

The housing market through pandemic lockdowns

As the delta variant of COVID-19 spreads in Australia, and vaccination rates remain low, CoreLogic has released a comprehensive overview of housing market performance through lockdowns.  The report uncovers some key elements of housing markets in lockdown to help inform expectations for the coming weeks, including: Auction results across Sydney and Melbourne have remained resilient…

Federal Budget 2021-22

Federal budget 2021-22: Increasing homeownership on the coalition’s terms Housing affordability is becoming an increasing concern for first home buyers and policy makers amid recent, rapid price increases in housing values. But the double-edged sword of reducing housing values to make them more affordable, is that housing also makes up the majority of Australian household…

RBA reaches decision on official cash rate for April

As widely predicted, the RBA has decided to hold the cash rate at a record-low 0.1 of a percentage point. CreditorWatch chief economist Harley Dale said the decision to leave interest rates on hold comes as no surprise. “The official cash rate is at a record low of 0.1 [of a percentage point] and the RBA…