Latest Property News

RBA REVEALS MARCH CASH RATE DECISION

The RBA has maintained the cash rate at its record-low level of 0.1 per cent. According to PropTrack senior economist Eleanor Creagh, the decision was to be expected. Acknowledging that many have brought forward their expectations for the timing of the first cash rate hike, Ms Creagh highlighted that many people are pointing to the…

AUCTION REPORT – FEBRUARY 2022

Source: Domain Research Key findings Sydney and Melbourne had the highest number of auction listings for the month of February since Domain records began. Clearance rates have continued to slow as a result of increased volumes and reduced competition. For the first time in 21 months, Sydney unit clearance rates have outperformed houses, a reflection…

OVERSEAS PROPERTY REPORT JANUARY 2022

New Zealand has taken the top spot from the United States, as the country with the largest increase in searches year-on-year (37%), driven by the opening of the trans-Tasman travel bubble, mid year. China also made a comeback in December, increasing by 13% on December 2020. Searches from the United States and United Kingdom have…