Australian Property

Peter Costello’s Ninefax is dropping the China bomb in a new series aimed at lifting awareness of Australia’s ill-preparedness for an imminent conflict.

The Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25%, the 10th consecutive hike.

SQM Research’s asking rents series shows that rents across the combined capital cities soared by 27.8% in the year to 4 March, with all types of homes experiencing strong growth: Managing director Louis Christopher believes such rental hyperinflation is unprecedented, squeezed by a combination of accelerating immigration and the shift toward short-term leasing.

I have noted a couple of times in the past few months that it was a good time to buy property, arguing that lowballing before the market turns makes sense.

SQM Research has released property listings data for February, which shows that unsold homes are piling up across the nation.

Below is an article first published on News.com.au: Superficially, it appears Australia’s house price correction may already have ended.

The Australian Bureau of Statistics (ABS) on Friday released mortgage commitments data for the month of January.

The latest monthly inflation gauge from the Australian Bureau of Statistics (ABS) revealed that overall rents across Australia’s capital cities rose by 4.8% in the year to January, “reflecting low vacancy rates and a tight rental market”: This was up from just 0.3% rental inflation recorded a year earlier.

Last week, Westpac lifted its official cash rate forecast to a peak of 4.1%.

A growing number of people who bought residential property via an off-the-plan contract are seeking to on-sell prior to settlement.

Australian Securities & Investments Commission (ASIC) data shows that 1,236 companies in the construction sector have gone into liquidation, receivership or administration so far in 2022-23.

The Reserve Bank of Australia (RBA) today released credit aggregates data for January, which reported a sharp slowdown in mortgage growth.

On Monday, I reported on JLL’s latest apartment forecasts, which warned of a sharp slowdown in new apartment supply due to higher input costs and rising interest rates.

A new Resolve Political Monitor survey shows that 63% of Australians now believe the young will never be able to buy a home, compared to 57% a year ago.

CoreLogic’s daily dwelling values results for February are out, with values across the five major capital city markets declining only 0.1% over the month: While this was the 10th consecutive monthly price fall, it was easily the smallest over the correction, down from the 1.1% fall recorded in January.

The Australian housing market is enjoying a purple patch, with auction clearance rates and prices rebounding over recent weeks despite another interest rate hike from the Reserve Bank of Australia (RBA).

A new report from JLL shows that just 8,378 apartments were completed in Australia’s mainland state capitals and Canberra in 2022, compared with 15,159 in the previous calendar year.

KPMG’s economics team recently estimated that more than 800,000 fixed-interest mortgages that were taken out in recent years will transition to variable rate loans in 2023.