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How Rising Living Costs Are Shaping the Australian Housing Market

As the holiday season approaches, Australians are making adjustments to their spending habits due to increasing living costs. The latest CommBank iQ Cost of Living Insights report reveals that spending has grown by only 1.5% over the past year, lagging behind inflation. This data highlights significant differences in spending patterns across generations and regions. Young …

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How Rising Housing Costs Are Impacting the Dream of Homeownership

The latest ANZ-CoreLogic Housing Affordability Report sheds light on the challenges faced by Australian homebuyers in 2024. Housing prices and rents continue to rise, far outpacing income growth. This has placed added pressure on those aiming to enter the property market, especially first-time buyers. What the Numbers Reveal The affordability crisis in Australia is deepening. …

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Major Bank’s Rate Change: Is Your Wallet at Risk?

NAB has reverted to its interest rate projection of a first decrease in May 2025. At the end of September, the big bank shifted its rate reduction call to February 2025, citing a better “balance of risks around the inflation outlook”. The main four banks have subsequently changed their view, citing a stronger-than-expected job market …

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Consumer and Business Confidence Rebound: What It Means for Homebuyers and Property Investors

Positive news for Australians, economic updates from Westpac have been circulating around. Favourable business conditions and improved consumer confidence should support the housing market. And here’s a bit more information about what this means for you. Consumer Confidence on the Rise Consumer confidence was up an impressive 11.8 percent over two months in Westpac-Melbourne Institute …

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Wage Growth in Australia Slows Down: Here’s What It Could Mean for Interest Rates and Your Wallet

Sluggish Wage Growth and Rising Costs Recent data from the Australian Bureau of Statistics (ABS) shows wage growth slowing down, with the Wage Price Index (WPI) rising just 3.5% for the quarter ending in September. For the first time since mid-2023, WPI growth has dropped below 4%, and average hourly wage increases have slipped to …

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