RESIDENTIAL PROPERTY
THE housing market needs to brace itself for an “underwhelming” reaction to an impending interest rate cut, according to CoreLogic, although the outlook for 2025 ahead of...
Meanwhile, regional Australia house prices continue to outperform those in the capitals as affordability constraints in the cities and hybrid working tempt more people to...
CoreLogic’s latest data shows three of the eight capitals recorded a decline in home values in January, with Melbourne recording the sharpest decline (down by 0.6%), followed by...
Brisbane and Perth continued to record growth (up by 0.3% and 0.4% respectively), but there has been a “clear and steady loss” of momentum in both, particularly in the...
Capital cities values overall fell 0.2%, while values in the combined regional areas of Australia rose a further 0.4% in January, reaching new record highs. In quarterly terms...
Despite the fact that the regions had a big uplift through the COVID period, the proportional increase in capital cities was still large enough that the dollar value difference in...
It may also be the stickiness of remote work trends, with the Australian Bureau of Statistics reporting higher than pre-COVID levels of people who mostly work from home, and...
The past week’s inflation data showed the underlying inflation measure had eased further, within touching distance of the RBA’s target band, and...
For sellers and real estate industry professionals, just brace yourself for maybe an underwhelming reaction to the first cash rate reduction and possibly a more...
The other thing to consider is that the lower band of expectations for the cash rate by the end of the year is about 3.35%. So that doesn’t take us to the lows that supported a...
New data from REA Group’s PropTrack also showed regional areas outrunning capital cities in terms of price growth. Over the past year, annual price growth in regional areas was...
It recorded national home prices losing 0.08% in value in January – albeit, they are 45.0% higher than March 2020, when the pandemic began to take hold...