Research News, Thought Leadership • 06 Dec 2022 Today the RBA increased the cash rate a further 25 basis points to 3.10%, marking the largest rate tightening cycle since the early 2000s at 300 basis points. A cash rate of 3.1% is the highest target adopted in 10 years. The increase follows signalling from the RBA…
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By Fabian Cotter 06 December 2022 Mortgage Business Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the month of December. The Reserve Bank of Australia (RBA) has called its eight consecutive cash-rate increase for 2022, taking the official cash rate to 3.10 per…
Aidan Devine | Realestate.com Sydney’s ailing housing market will bounce back next year with price growth that will lead the country, new economic modelling has revealed. SQM Research’s annual Housing Boom and Bust report released Tuesday showed Sydney prices were primed for growth over 2023 due to an increase in underlying demand for housing. The base forecast…
Research News, Thought Leadership – CoreLogic The number of suburbs in Australia’s million-dollar club has shrunk considerably in the past six months as the weight of rising inflation, consecutive rate hikes and falling property values takes its toll. Since April, the median value in 169 suburbs around the country have dropped below seven figures while…
Research News, Auction Market Preview • 16 Nov 2022 Auction activity is set to rise across the combined capital cities this week with 2,326 homes currently scheduled for auction, up 7.2% from last week when 2,170 auctions were held. This week’s scheduled auction activity is -37.5% lower than the same week last year when 3,720 auctions…
Research News • 15 Nov 2022 The COVID-induced boom for Australia’s regional housing market has burst, with several regional markets that had the strongest value growth through the upswing now among the fastest declining markets, said CoreLogic. The Regional Market Update, which examines Australia’s 25 largest non-capital city regions, shows house values in six of the most popular…
By Reporter | Mortgage Business A big four bank engaged in “unconscionable conduct” by charging customers periodic payment fees even though it knew it was overcharging, the federal court has found. National Australia Bank Ltd (NAB) has been found to have engaged in unconscionable conduct by continuing to charge customers periodic payment fees even though…
Research News • 01 Nov 2022 | CoreLogic The geographic scope of Australia’s housing downturn broadened through October with every capital city and rest-of-state region (apart from regional South Australia) recording a drop in housing values last month. CoreLogic’s national Home Value Index (HVI) moved through a sixth month of consistent declines, as values fell a…
By Fabian Cotter | 01 November 2022 | Mortgage Business 01 November 2022 In a call that could have gone each way, the central bank has announced a 25 basis points hike for its Melbourne Cup Day rate decision. The Reserve Bank of Australia (RBA) has delivered a 25-bp rate rise, adding to the misery of all…