Home Values in Australia: Rising Trends and Slowing Market Growth • CoreLogic reports a 0.4% increase in home prices in September, a slight increase from July and August. • The national home value index (HVI) only saw a 1.0% rise in Q3, the smallest since March. • The market is slowing down due to increased …
A survey by homebuyer sentiment found that consumers’ capacity to save for down payments has been negatively affected by inflation. The consumer price index increased 3.8% in the twelve months leading up to the June quarter and 1% in the month of June alone, according to ABS statistics. The housing market has the largest quarterly …
Rising Living Costs: The Biggest Obstacle to Owning a Home Read More »
The Reserve Bank has reported that household budgets have been significantly impacted by high inflation and rising interest rates, resulting in substantial decreases in real disposable incomes (measured after tax, interest, and adjusted for inflation) since early 2022. Since the initial rise in cash rates in May 2022, many mortgage holders have experienced an increase …
Inflation Tightens Its Grip on Household Budgets! Read More »
Some fabulous news just coming in from the Australian Bureau of Statistics: household wealth in Australia rose by 1.5% or $250 billion, during the June 2024 quarter. The seventh consecutive quarter of growth, the recovery and resiliency within the economy can be truly envisioned. Total household wealth has grown to an incredible $16.5 trillion, and …
See How Rising Property Values Are Fueling Australia’s Financial Boom! Read More »
In August, 29.3% of the 4,772 suburbs analysed had a median value exceeding one million dollars, a substantial increase from 21.7% in January 2023, when the market was at a low point following rate increases. This is the greatest percentage observed since April 2022, when 26.9% of suburbs achieved seven-figure medians. “Only 14.3% of house …
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