Property Market
What Will Australia’s Housing Market Look Like In 2025?
Here’s what the 2022-25 Australian Housing Outlook commissioned by QBE forecasts will happen to Australia’s property market over the next three years: The housing market slowdown that Australia is experiencing now will be widespread but vary among states and territories....
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Is 2023 A Good Time To Invest In Property?
The Reserve Bank of Australia (RBA) has raised the cash rate to 2.85% with its latest 25-basis-point hike, the seventh monthly rate rise in a row. The RBA is expected to keep it up until it puts a lid on persistently high and rising inflation. These hikes have slugged borrowers...
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518 Suburbs Where Buying A Home Is Cheaper Than Renting
With a substantial increase in rents across Australia, it has become cheaper to buy a home than rent in hundreds of suburbs around the country. In 518 Australian suburbs, the monthly repayment on a home loan is lower than the average monthly rent. Amid the rapidly increasing...
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Interest Rates On The Rise: Should You Still Buy A Home?
The Reserve Bank of Australia (RBA) has increased the cash rate for the sixth month in a row, taking it from 0.10 per cent in April to 2.85 percent with November’s 25-basis-point increase. With rates rising, repayment pain for borrowers has increased. The impact of the higher...
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Is Now The Best Time To Buy A House?
The Reserve Bank of Australia (RBA) has increased the cash rate for the sixth month in a row, taking it from 0.10 per cent in April to 2.60 per cent with October’s 25-basis-point increase. With rates rising, repayment pain for borrowers has increased. The impact of the higher...
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Property Market Predictions 2022-23 | What Is Ahead Of Us?
There has been a series of speculations over where the property market is heading in these uncertain times. Consecutive rate hikes have limited borrowing capacity and increased borrowers’ monthly repayments. The combination of falling property values and rising interest rates...
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ANZ: Housing Affordability Improves – Buy Now Or Wait?
The ANZ CoreLogic Housing Affordability Report August 2022 has shown a bit of improvement in affordability due to the decline in home values. The report analysed housing affordability based on four metrics: Ratio of dwelling value to household income Years required...
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Home Values Drop For The First Time Since September 2020
CoreLogic’s Home Value Index for May 2022 recorded its first national monthly decline since September 2020. National home values fell 0.1%. Sydney and Melbourne recorded falls of 1% and 0.7%, respectively. Canberra experienced its first monthly decline (-0.1%) since July...
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ANZ: Housing Affordability Will Decline
The findings from the latest ANZ CoreLogic Housing Affordability Report found a deterioration in housing affordability due to rapid increases in house prices and rental costs. The report analysed housing affordability in the March 2022 quarter based on four metrics: Dwelling...
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Sydney & Melbourne Drag Down Housing Market
CoreLogic’s data revealed the home value index for April 2022 showed national growth of 0.6%. This is the lowest reading since October 2020. Sydney and Melbourne are the two cities with the heaviest weighting in the home value index. Sydney was down 0.2% for the third...
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