RESIDENTIAL PROPERTY
HOUSE prices posted their strongest monthly gains since October, hitting new records yet again despite higher interest rates, as demand continues to heavily outweigh...
CoreLogic’s national Home Value Index was up 0.6% in February, while PropTrack’s Home Price Index lifted 0.45%...
The CoreLogic Index showed of the capital cities and rest-of-state regions recorded a lift in values over the month, except Hobart, where the market dipped 0.3%...
Perth continued to stand out for price growth, up 1.8% over the month. Adelaide (up 1.1%), Brisbane (0.9%) and the regional areas of South Australia (1.1%), Western Australia and...
While growth rates in the major markets of Sydney and Melbourne have levelled out, the monthly trend has accelerated. Melbourne emerged from a three-month slump to...
“Potentially we are seeing some early signs of a boost to housing confidence as inflation eases and expectations for a rate cut, or cuts, later this year firm up,”...
The re-acceleration in value growth has been accompanied by a bounce back in auction clearance rates, which averaged in the high 60% range through...
Lawless said that despite the shortfall of supply relative to demand continuing to place upwards pressure on values, “it’s hard to see a significant rebound in values shaping up...
“Affordability constraints, rising unemployment, a slowdown in the rate of household savings and a cautious lending environment, are all factors likely to keep a lid on...
S&P Global Ratings believes the resilience of home loan borrowers in cutting costs to service debts will be tested in 2024 as savings ratios have fallen from 24% during the...
“Housing demand is also being buoyed by population growth, tight rental markets, resilient labour market conditions and recent home equity gains. Meanwhile...
“Looking ahead, the positive tailwinds for housing demand and a slowdown in the completion of new homes are likely to offset the impact of reduced affordability and...
Fall in interest rates could be nearing
Capital Economics Australia and New Zealand economist Abhijit Surya said following yesterday’s release of weak retail data figures in January that “we’re growing more...
The Reserve Bank of Australia considered raising interest rates again at the February meeting, minutes showed, as the board remains unconvinced that...