Reports Confirm Housing Boom
New data from two sources confirms that a national real estate boom is under way across Australia. The latest figures from both Domain and CoreLogic record annual growth in house [...]
Aussie Economy Moving Into Next Gear
Australia’s economy will grow faster than previously forecast this year, as global growth accelerates following the roll-out of coronavirus vaccines, the International Monetary Fund says. In new forecasts released this [...]
States Battle for Top Spot
The economic performance race has tightened, according to the latest CommSec State of the States Report. Tasmania continues to lead, cementing its place as the best performing economy. While ACT [...]
Perth Leads Rent Rises Nationally
House rents rose across most of the capital cities in 2020, headed by double-digit rises in Perth and Darwin. New data from Domain shows that the average result for the [...]
RBA Expects 30% Price Rises
Heightened consumer confidence, helped by record low interest rates, could push property prices up 30% in the next few years, according to analysis by the Reserve Bank. In an internal [...]
Homes Hold Their Values
National home values rose 0.3% in April with regional areas, as well as most of the capital cities, all delivering some level of increase, according to CoreLogic’s Hedonic Home Value [...]
Low Rates Drive High Inquiries
Online lenders are experiencing a sharp increase in enquiries as home owners look to refinance, availing of the lowest mortgage rates in Australian history. Mortgage broker Clint Howen of Hero [...]
La Trobe Tips Sharp Rebound
Australia’s housing market, employment conditions and economy are likely to rebound strongly following the COVID-19 outbreak, says chief investment officer of La Trobe Financial Chris Andrews. Andrews highlights his confidence [...]
House Buyers Shrug Off Fears
Determined house hunters have continued to indulge in spirited bidding at auctions, resulting in strong clearance rates and showing property buyers are generally unconcerned about the coronavirus. CoreLogic’s national auction [...]
Big Four Act in National Interest
For once the Big Four banks are acting with a social conscience, passing on the full RBA interest rate reduction. This follows the RBA’s decision to drop the official interest [...]