Research News • 28 Jun 2023 The profitability of Australian homes declined further in the first three months of the year as a greater share of resales occurred within a mere two years of ownership, despite the rising incidence of losses. CoreLogic’s latest Pain & Gain Report shows the portion of dwellings that made a nominal gain from…
Latest Property News
Research News • 22 Jun 2023 There’s been plenty of attention on the supply and demand deficit contributing to the Australian property market’s resilience. As of May, new listings added to the market were -20% below the previous decade monthly average across Australia and the ‘months of supply’ ratio, which measures the amount of time it would…
By Adrian Suljanovic 27 June 2023 Housing affordability is on the decline as interest rates continue to climb, the HIA has found. According to the Housing Industry Association’s (HIA) Affordability Index report, the index fell by 1.1 per cent in the March quarter of 2023 when compared to the previous quarter, making Australian housing 25…
All data to week ending 25 June 2023
Treasurer Jim Chalmers has revealed he expects to announce who will be the next RBA Governor next month. Federal Treasurer Jim Chalmers MP has revealed that he expects to have an announcement on who will lead the central bank from September by next month. Speaking to journalists in a range of interviews on Thursday (22…
Research News • 15 Jun 2023 This time last year, CoreLogic’s Million Dollar Markets report featured a record number of house and unit markets at the suburb level with a median value of $1 million or more. One year and 12 interest rate rises later, membership to the million-dollar club has become more exclusive, with many of last…
By Kyle Robbins 06 June 2023 The Reserve Bank of Australia (RBA) has handed down another divisive cash rate call at its monthly board meeting on Tuesday, 6 June. With economic conditions heading into the decision leading many experts to believe the RBA’s decision was a line ball call, Australia’s central bank opted to lift the cash…
All data to week ending 04 June 2023