This week, big four bank NAB changed its prediction for the RBA’s first rate cut from May 2025 to February. This gave people more hope for a rate cut in the near future. It happened after CommBank pushed back its own rate cut forecast from November to December. This suggests that the market is starting …
The PropTrack Home Price Index shows that home prices across the country only went up by 0.04% in September. Prices have been going up for 21 months in a row, though the rate has slowed as more homes come on the market, giving buyers more options. Economist says, “The upswing is still going strong, but …
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 »
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