By Sebastian Holloman 23 January 2025 As the Reserve Bank of Australia’s (RBA) first cash rate decision for 2025 draws closer, an industry expert has warned that a much-awaited interest rate cut could have a negligible impact on the housing market. The property data company stated that inflation is expected to drop over 2025, with annual…
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December 2024 quarter Dr Nicola PowellChief of Research and Economics Sydney’s housing market has slowed significantly, with affordability issues, rising living costs, and limited borrowing power all taking their toll. The market is finally catching up to the financial pressure many buyers have been facing. At the moment, many potential buyers are holding off, hoping…
21 JAN 2025 By Emilie Lauer 6 min read Macquarie Bank has reduced its fixed-rate mortgages weeks before RBA’s first meeting of 2025. According to Canstar’s rate tracking, Macquarie Bank has reduced its 1- to 3-year fixed-rate mortgages by up to 0.16 percentage points. The bank’s lowest fixed rate now reaches 5.55 per cent and is available…
Research News • 15 Jan 2025 Core Logic National rent values rose 0.4% in the December quarter, the smallest Q4 change in rents since 2018. The pace of national rental growth continued to slow in 2024, with rents up 4.8% over the year after surging 8.1% in 2023, according to CoreLogic’s latest Quarterly Rental Review. The…
By Jack Campbell 15 January 2025 Recently released data from CoreLogic has indicated that rental growth stagnated over December, the smallest fourth-quarter increase in rents since 2018. Meanwhile, annual rental increases saw a dip in 2024, climbing 4.8 per cent throughout the year. This is much lower than the 8.1 per cent climb experienced in 2023,…
November 2024 quarter In 2024, Sydney’s property market demonstrated resilience amid ongoing economic turbulence. Prolonged cost-of-living pressures and a cash rate that remained higher for longer than many had hoped did little to derail overall performance. However, growth started to moderate towards the end of the year as affordability constraints and borrowing limits weigh on…
Core Logic Home Value Index | December 2024 CoreLogic’s December Home Value Index (HVI) has just been released with all the latest must-know property market metrics, including: Gross rental yields have also firmed, holding in the high 3.6% range since August
CoreLogic Australia Research News • 22 Nov 2024 New analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis. Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any…
October 2024 quarter It was likely that the Reserve Bank would keep interest rates on hold for an extended period, having raised them later and less aggressively than many global peers, with a willingness to accept slightly higher inflation to preserve recent employment gains. With Australia’s labour market among the strongest in the developed world,…
by Annie Kane •13:30 PM, 5 Nov 2024 •14 minute read The central bank is holding a tight rein on the cash rate, as it chooses to keep the interest rate stable following its Cup Day monetary policy board meeting. As was widely anticipated by economists, the board of the Reserve Bank of Australia (RBA)…