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Feb 7, 2023

RBA continues with fastest and largest rate hiking cycle on record - CoreLogic

The RBA lifted the cash rate a further 25 basis points, to 3.35%, at their February board meeting, continuing what is now the fastest and largest rate hiking cycle on record.

Feb 6, 2023

New listings continue to fall down 42% nationally as cost of borrowing hurts the demand to buy - Ray White Research

New listing rates in Melbourne (- 47.9%) and Sydney (-42.5%) are both down, with such heavy losses mostly being responsible for the 42 per cent decline for Australia. Every major city has had new listings decline except Hobart.

Feb 6, 2023

The Economy

Markets

Real Estate agency business owners need to change tactics for 2023 says REAP Dashboard

Co founder of Reap Dashboard Mr Chris Mercer says, The impact of both the slowdown in sales volume and increase in business costs is here to stay and highlights the fine line between profit and loss. Its time to change tactics and real estate agency business owners that get them right will win...

Feb 6, 2023

House price declines starting to slow says Ray White Chief Economist

Capital city house prices are now down 6.1 per cent from their peak in March 2022. While we may not be at the end of declines, the rate of decline is clearly slowing, comments, Nerida Conisbee, Ray White Group, Chief Economist, in Ray White’s weekly economic update.

Feb 6, 2023

The Economy

Markets

John McGrath – The opportunities in today’s market

According to John McGrath, Chief Executive Officer of McGrath Estate Agents, we are either at or approaching the bottom of the cycle and with that he sees many opportunities in today’s market.

Feb 3, 2023

The Economy

Lending

Lending statistics reflect uncertain economic outlook - REIA

Real Estate Institute of Australia (REIA) President, Mr Hayden Groves has said that today’s ABS lending figures reflect the ‘wait and see’ approach to their engagement with property across the nation.

Feb 1, 2023

The Economy

Markets

CoreLogic Home Value Index rate of decline eases despite -1.0% fall in January

CoreLogic’s national Home Value Index (HVI) fell a further -1.0% in January, a slight improvement on the -1.1% decline recorded in December, and the smallest month-on-month decline since June last year.

Jan 30, 2023

The Economy

Markets

South Australian property market update - REISA

The South Australian property market has again demonstrated its remarkable resilience over the 2022 December quarter by posting a new record median price.

Jan 30, 2023

The Economy

Markets

Brisbane sets new record, but price fall barely dents pandemic gain - CoreLogic

Acoording to CoreLogic, Brisbane’s property market has set a new performance benchmark for the largest and fastest decline on record, barely seven months after values hit their peak.