The Agency's CEO Geoff Lucas said today’s interest rate decision came largely as expected, and will be welcomed by borrowers, recent data suggests there are increasing forces pointing to another increase before any cuts to rates.
The RBA kept the cash rate on hold at 4.1% for the fourth successive month in October, citing ‘a more sustainable balance between supply and demand in the economy’, but also ongoing concerns about inflationary pressures and a heightened level of uncertainty surrounding the economic outlook. ...
“The number of loans issued for the construction or purchase of new homes are at their lowest level since the Global Financial Crisis in 2008,” stated HIA Senior Economist Tom Devitt.
Home Value Index up 0.8% in September as demand/supply imbalance continues to push values higher - CoreLogic
Utilising a fresh model upgrade, CoreLogic’s national Home Value Index (HVI) recorded a 0.8% rise in September as the recovery trend moved through an eighth consecutive month of growth.
John McGrath – Strong auction clearance rates prove Spring market strength
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we’re now seeing the highest number of properties going to auction this year, as more new listings flow onto the market this Spring.
According to Nerida Conisbee, Chief Economist at Ray White Group, Australian house prices increased by 6.1 per cent while units increased by 4.3 per cent over the past 12 months.
Study finds Chinese buyers not to blame for high home prices - Juwai IQI
Important new research that has ramifications for home markets all over the world has just established that Chinese buyers are not to blame for high home prices in Sydney, Australia.