Rents Increasing at a Decreasing Rate: CoreLogic Reports Slowest Growth Since 2020
Reading Time: 4 minutesProperty investors have continued to see gains in rental income, but the pace of these gains is starting to slow, according to the latest data from CoreLogic. In July, the national median rent increased by just 0.1%, marking the smallest monthly rise since August 2020. This deceleration in rental growth is being observed across both […]
Homebuilding Approval Numbers Falling: A Growing Concern for Australia’s Housing Supply
Reading Time: 4 minutesAustralia is facing a significant challenge in meeting the demand for housing. Despite widespread acknowledgment of the need to increase housing supply, the latest data suggests that the problem might worsen before it improves. Decline in Approvals According to the Australian Bureau of Statistics, the number of dwellings approved for construction in June 2024 was […]
Inflation Holds the Key to Interest Rates Outlook: RBA’s Latest Decision
Reading Time: 5 minutesThe Reserve Bank of Australia (RBA) has announced its decision to maintain the cash rate at 4.35%. This decision is pivotal in understanding the RBA’s approach to managing the Australian economy, especially in light of persistent inflation. Here are the five key takeaways from the RBA’s statement explaining their decision: 1. Inflation Remains a Concern […]
South Australia Reigns Supreme in CommSec’s State of the States Ranking
Reading Time: 6 minutesFor the third consecutive quarter, South Australia has topped CommSec’s quarterly State of the States ranking, demonstrating remarkable economic resilience and growth. CommSec’s ranking system evaluates the economic performance of Australia’s states and territories by comparing their current standings on eight key economic indicators with their long-term averages. These indicators include unemployment, home building starts, […]
Investor Borrowing Rises 41.3% in 15 Months: What’s Driving the Surge?
Reading Time: 6 minutesThere’s been an astonishing increase in property investor activity over the past 15 months, with no signs of it slowing anytime soon. According to the Australian Bureau of Statistics, investor borrowing has surged 41.3% since March 2023, when investor activity hit its lowest point. In March 2023, investors signed up for $7.797 billion of home […]
Australia’s Property Prices Continue to Rise: 18 Consecutive Months of Growth
Reading Time: 5 minutesAustralia’s median property price has now increased for 18 consecutive months, after rising another 0.5% in July, according to CoreLogic. This sustained growth has seen the national median price increase by a remarkable 13.5% over this period, achieving new record highs since November 2023. The consistent upward trend in property prices underscores the robust demand […]