Housing affordability at its worst this century - REIA
Real Estate Institute of Australia (REIA) President, Hayden Groves has said that housing affordability, rental affordability and first home ownership has declined over the March quarter 2023.
Steam to come out of housing market recovery as RBA rate-hiking cycle rolls on - CoreLogic
The RBA has lifted the cash rate a further 25 basis points in June, taking the cash rate 400 basis points higher to 4.1%, announcing 12 hikes since April last year
Rebounding housing market offers options for mortgage holders feeling the strain
A decision by the Reserve Bank of Australia to increase interest rates is unlikely to impact property prices with a shortage of listings and high demand driving growth, according to the LJ Hooker Group.
Inflationary pressures are again the driver of the RBA’s decision to increase interest rates
The Agency Managing Director and Group CEO Geoff Lucas said inflationary pressures are again the driver of the RBA’s decision to increase interest rates by 25 basis points to 4.1 per cent at their June meeting today.
Combined capitals preliminary clearance rate hits highest level since October 2021 - CoreLogic
According to CoreLogic's Duane Kaak, the start of winter saw capital city auction activity fall -2.9% this week, with 1,832 homes auctioned across the combined capitals.
ABS lending stats show first home buyer and investor activity stabilising - REIA
Real Estate Institute of Australia (REIA) President, Mr Hayden Groves said the latest ABS figures on lending statistics show Australian owner occupiers are reducing activity but investor and first-time buyer activity is stabilising.
Sydney ranked 9th for the number of super-prime sales (US$10m+) over the past year - Knight Frank
Sydney is ranked ninth out of 12 key markets tracked globally for the number of super-prime sales – of over US$10 million – that have taken place in the city over the past 12 months, according to Knight Frank’s latest research.
Housing recovery accelerates: CoreLogic Home Value Index surges with strongest monthly growth since November 2021
CoreLogic’s national Home Value Index (HVI) has recorded a third consecutive monthly rise, with the pace of growth accelerating sharply to 1.2% in May.
“Whilst on the surface this would appear disappointing it needs to be seen in the context of the drivers of the increase and other economic data,” said Mr Hayden Groves, President of the Real Estate Institute of Australia.
Building approvals continue to fall as rates rise - HIA
“Building approvals in April 2023 remained at their lowest level in over a decade, with declines continuing for both houses and multi-units,” stated Tom Devitt, HIA Senior Economist.