Cash Rate Decision May 2024: RBA Leaves Rate Unchanged At 4.35%

calendar_today3 weeks ago
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Otto Dargan
The Reserve Bank of Australia (RBA) has decided to keep the cash rate steady at 4.35% for May 2024. Why Did The RBA Hold The Cash Rate In May 2024? In its statement, the Reserve Bank’s board noted, “Inflation remains high and is falling more gradually than expected,” which underscores the difficulty in moderating the […]

April 2024 Property Market Update: Gains Despite Tough Economy

calendar_today4 weeks ago
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Otto Dargan
In April, the CoreLogic national Home Value Index (HVI) rose by 0.6%, maintaining the same pace as the previous months. This rise has added about $4,720 to the median dwelling value, bringing the total growth since last year’s trough in January to 11.1%, or about $78,000. Here’s CoreLogic’s report in full. State Performance Overview This […]

March 2024 Property Market Update: Growth Continues

calendar_today2 months ago
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Otto Dargan
As we dive into the latest insights from CoreLogic’s national Home Value Index (HVI), it’s clear that the property market is a dynamic landscape with its own unique rhythm and pulse. Let’s unpack the highlights from March 2024 and what they mean for buyers, sellers and investors alike. Growth Varies Across Cities March marked the […]

Cash Rate Decision March 2024: RBA Leaves Cash Rate Unchanged At 4.35%

calendar_today2 months ago
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Otto Dargan
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35% for March 2024. Why Did The RBA Hold The Cash Rate In March 2024? In its statement, the Reserve Bank’s board noted, “While recent data indicates that inflation is easing, it remains high. The Board expects that it will be some […]

Housing Values Re-Accelerate in February

calendar_today3 months ago
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Otto Dargan
The Australian housing market showed signs of improvement in February 2024, as housing values experienced a subtle re-acceleration. CoreLogic’s national Home Value Index (HVI) for February 2024 increased by 0.6%, marking the strongest monthly gain since October 2023. Except for Hobart, where the market fell by 0.3%, all capital cities and rest-of-state regions recorded a […]

Cash Rate Decision February 2024: RBA Leaves Cash Rate Unchanged At 4.35%

calendar_today4 months ago
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Otto Dargan
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35% for February 2024. Why Did The RBA Hold The Cash Rate In February 2024? In its statement, the Reserve Bank’s board noted, “Inflation continued to ease in the December quarter. Despite this progress, inflation remains high, at 4.1 per cent.” The […]

January 2024 Property Market Insights From CoreLogic’s HVI

calendar_today4 months ago
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Otto Dargan
The Australian housing market showed resilience in January, continuing its upward trajectory into 2024. In the latest CoreLogic Home Value Index (HVI), national dwelling values increased by 0.4% in January, marking the 12th consecutive month of increases. While there are variations in performance across different regions, the overall trend indicates sustained growth in the housing […]

December 2023 Property Market Overview With An Eye On 2024 Trends

calendar_today5 months ago
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Otto Dargan
The national Home Value Index (HVI) rose 8.1% in 2023, recovering from a 4.9% drop in 2022, but below the 24.5% surge in 2021. December brought a soft 0.4% monthly rise in values, the smallest gain since February, indicating slowing conditions. There was diversity in home value growth, ranging from a 15.2% surge in Perth […]

Cash Rate Decision December 2023: RBA Leaves Cash Rate Unchanged At 4.35%

calendar_today6 months ago
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Otto Dargan
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35% for December 2023. Why Did The RBA Pause The Cash Rate In December 2023? In her statement on the RBA’s decision, Governor Michele Bullock said, “The impact of the more recent rate rises, including last month’s, will continue to flow through […]

Property Market November 2023: A Modest Increase

calendar_today6 months ago
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Otto Dargan
CoreLogic’s Home Value Index showed a modest 0.6% rise in November, marking the smallest monthly gain since the growth cycle commenced in February 2023. Despite this slowdown, the national HVI achieved a record high. After a 7.5% decline from the peak in April 2022 to the trough in January 2023, housing values rebounded, showing an […]