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Property Market & Investment News April 20th

The national residential vacancy rate fell further to a low of 2.1% in March 2019, with four of the eight capital cities recording vacancy rates between 0.4% and 1.6%, according to SQM Research.

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Property Market & Investment News April 13th

Rents around the country have increased in the first three months of the year, with Hobart showing the biggest rise, according to researcher CoreLogic.

Property Market & Investment News April 6th

Property groups say this week’s Federal Budget will lift consumer sentiment, as they also backed the plan for further infrastructure spending.

Property Market & Investment News March 30th

Rents Rise In Most Cities Capital city rents continue to increase. Analysis by rent.com.au shows rents in February increased in all cities except Brisbane and Perth. Unit rents rose in Hobart (4.2%), Sydney (3.8%), Canberra (3.3%), Darwin (2.9%), Melbourne (2.3%) and Adelaide (1.6%).

Real Estate News March 23

ANZ has relaxed the restraints it placed on interest-only mortgage lending in 2017 and has indicated it’s easing its attitude to lending to property investors. 

Real Estate News March 2nd

One of Australia’s biggest banks has predicted the Reserve Bank will reduce the official interest rate twice this year, to reach an historic 1% low. Westpac chief economist Bill Evans predicts the RBA will reduce the cash rate by 25 basis points in August and then again in November.

Property Market & Investment News

Most investors aren’t concerned with the state of the market, with many believing that the worst of the price falls in Sydney and Melbourne have already happened, a new report has found. ME’s Household Financial Comfort Report reports 86% expect to see values rise or stay the same, with 18% expecting prices to rise a lot, 34% predicting they’ll rise a little and 34% believiing they won’t change.

Real Estate News February 9th

The Reserve Bank of Australia kept the official interest on hold this week but a reduction in the cash rate seems more likely now than it has in years, according to comparison site Finder. All 28 experts in Finder’s RBA cash rate survey correctly predicted that the RBA would hold at 1.50% on Tuesday, but their predictions have changed dramatically about the direction of the next RBA move.
For the past … Read more »

Newslink February Edition

It’s difficult for real estate consumers to determine what’s really going on in major property markets because researchers, economists, and journalists present generalized price data. There will be one figure to describe what’s happening with house prices in Melbourne and one figure to describe Sydney.

The reality is that there are multiple scenarios playing out across all of our major city markets and the single-figure approach misleads more than it informs. … Read more »

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