Melbourne-led recovery sees auction volumes across combined capitals rebound 32.5% - CoreLogic
After hosting a quieter auction market the week prior (2,023), a Melbourne-led recovery saw the number of auctions across the combined capitals rebound 32.5% last week.
John McGrath – Biggest migration surge in history impacting the market
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we are definitely seeing the impact of increased migration and a return of foreign investors in the property market this Spring season.
Rate hike set to take heat out of housing market - CoreLogic
The decision to lift the cash rate by 25 basis points after four months of pauses is likely to disrupt confidence and take some further heat out of the housing market rebound.
The Agency's Managing Director and CEO Geoff Lucas said as suggested over the past few months, today’s 25 basis point increase is an appropriate and timely response by the RBA.
Interest rates increased today by 0.25 per cent. It won’t help fuel prices or electricity costs, it will prolong the rental crisis, worsen housing supply and further push up house prices.