News

The Albanese government’s ambitious target of constructing 1.2 million new homes over five years is increasingly in jeopardy. Recent data reveals substantial difficulties in meeting these goals, highlighting a growing housing crisis in Australia: Completion Shortfalls: From March 2023 to March 2024, only 171,700 homes were completed—68,300 fewer than the 240,000 annual target set by …

Australia’s Housing Construction Faces Significant Challenges Read More »

Perth Luxury market surges Quick Run Through 30 new suburbs joined Perth’s million-dollar club in 2023-24, totaling 87 with median house sale prices over $1 million. The surge reflects Perth’s robust price growth, with an 18.8% increase in median house price over the past year. Karawara leads with 43.5% price growth, attributed to proximity to …

Perth’s Million-Dollar Property Market Expands Read More »

A quick run through on today’s update. Summary The NAB residential property index fell to +46 in Q2 2024, but remains above its long-term average of +20. South Australia and the Northern Territory showed mixed performance, with South Australia leading with a jump to +96 and the Northern Territory increasing to +60. Tasmania continued its …

Is the Property Market Still on the Rise? Read More »

Hi Readers, A quick summary on the current cash rates in Australia. Synopsis Home Loan Interest Rates as of June 2024 • The Reserve Bank of Australia’s (RBA) cash rate is at its highest level in over a decade, significantly impacting home loan interest rates. • The typical interest rate on a new owner-occupied home …

Australia’s Cash Rate Remains at 4.35%: Impact on Home Loans Read More »

  Latest Data from ABS reveals a significant surge in new employment opportunities as the number of jobs created increased by 58000 as compared on a MoM basis with June – 2024 beating the expected 20000 increase following the regular growth trend. Here the number of unemployed grew by 24000 while employed grew by around …

Employment Opportunities Surge Beating Expectations Read More »