The Reserve Bank of Australia (RBA) has, in a move universally expected, kept the official cash rate unchanged.
GROWTH
The City of Kwinana recorded the biggest increase in property value in Perth in the last 12 months, up by nearly 11 per cent.
Australia's property prices are rising at the fastest rate in 17 years as historically low interest rates and restricted supply spur buyers into action.
Despite an economic crisis we haven’t seen in decades, the property market has had a boost as buyers stand in line to buy up real estate.
If not for the backdrop of a global pandemic, you could be forgiven for feeling a sense of déjà vu as the property market shows all the signs of launching into …
A fortnight ago, Australian real estate prices lurched back into record territory — and there is no end in sight.
Commonwealth Bank chief executive Matt Comyn says the drop in interest rates to record lows is fuelling home buyers’ confidence.
The most recently released ABS finance data reported that the value of new home loans taken out in November set a new national record.
Australia's home value index is up 3 per cent on the previous year as buyers choose low-density houses in the country over high-density apartments in cities.
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The Reserve Bank is holding firm and reiterated that it does not anticipate hiking interest rates until 2024, as analysts suggest that Australia’s rising house prices may force the central bank’s hand sooner than anticipated.
Investment lending has risen to its highest point in four years as housing finance overall hit another all-time high, sparking concerns over affordability and a possible housing bubble.
Australian house prices rose at their fastest rate in nearly two decades in February, with 2.1 per cent growth for the month the biggest monthly change since August 2003.
Price growth for luxury properties in Perth, Gold Coast and Brisbane outpaced the bigger cities in 2020, with demand for prestige homes continuing to be boosted by the return of expats.
Developers continue to accelerate new projects to capitalise on South East Queensland’s surge, with red-hot buying activity likely to create supply shortages in sought-after locations.
Vendor satisfaction has risen to an all-time high, sparking new expectations that a significant rise in the number of properties available for sale is set to occur.
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