Australian job vacancies fell last month after surging in November as the Omicron variant of coronavirus dampened sentiment.
INTEREST RATES
The value of Australia’s housing market surpassed $9 trillion for the first time after rising by five per cent in the September quarter.
Industry experts reported a flurry of hungry home hunters in each city at key auctions
Australia will reopen its international borders to more than 200,000 visa holders as it moves towards the final phase of the national reopening plan.
The RBA is playing patient as it eyes one of the most uncertain inflation outlooks since 2014.
Two-thirds of Australians believe a full one percentage point rise in interest rates would put pressure on their financial position.
The geniuses in the financial markets – and they must be geniuses because they’re paid far more than we are – think next year will be an absolute ripper.
In a statement, the RBA Board made no mention on refraining from rising interest rates until 2024, as it has for months.
Inflation expectations for the next two years jumped 0.3 percentage points to five per cent, the highest level since December 2014.
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Westpac has become the first major bank this year to increase its fixed rates for owner occupiers and investors.
The auction market for 2022 has started off strong with 461 homes across Australia scheduled for auction this week. This weekend the Gold Coast will host the annual Ray White Surfers auction, where 146 residential and commercial Gold Coast properties will go under the hammer.
The ABS this week released their building activity data for September 2021 quarter, showing estimates of the value of building work, number of dwellings commenced, completed, under construction and in the pipeline across Australia.
Despite the challenges of 2021, the Victorian land market has remained resilient, with sales peaking at record highs
From APRA recently increasing their lending criteria, to all state governments looking at ways to tax investors due to a ‘booming’ property sector, it seems investors are always on the top of the list for a squeeze.
REIWA President Damian Collins said whilst the overall Perth market had recorded 13 per cent price growth during 2021, there were numerous suburbs that had far exceeded that figure.
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