December 2023 Property Market Overview With An Eye On 2024 Trends
The national Home Value Index (HVI) rose 8.1% in 2023, recovering from a 4.9% drop in 2022, but below the 24.5% surge in 2021. December brought a soft 0.4% monthly rise in values, the smallest gain since February, indicating slowing conditions. There was diversity in home value growth, ranging from a 15.2% surge in Perth […]
Cash Rate Decision December 2023: RBA Leaves Cash Rate Unchanged At 4.35%
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35% for December 2023. Why Did The RBA Pause The Cash Rate In December 2023? In her statement on the RBA’s decision, Governor Michele Bullock said, “The impact of the more recent rate rises, including last month’s, will continue to flow through […]
Property Market November 2023: A Modest Increase
CoreLogic’s Home Value Index showed a modest 0.6% rise in November, marking the smallest monthly gain since the growth cycle commenced in February 2023. Despite this slowdown, the national HVI achieved a record high. After a 7.5% decline from the peak in April 2022 to the trough in January 2023, housing values rebounded, showing an […]
Cash Rate Decision November 2023: RBA Increases Cash Rate To 4.35%
The Reserve Bank of Australia (RBA) increased the cash rate to 4.35% for November 2023. Why Did The RBA Increase The Cash Rate In November 2023? In her statement on the RBA’s decision, Governor Michele Bullock said, “Inflation in Australia has passed its peak but is still too high and is proving more persistent than […]
Values Still Rising, But Slowdown Expected
CoreLogic’s Home Value Index recorded a 0.9% rise in October 2023. The national index has bounced back 7.6% and is merely half a percentage point shy of the historic highs witnessed in April last year. CoreLogic’s research director, Tim Lawless, said that a nominal recovery in the national index could happen soon. “At this rate […]
Housing Values Still Rising, Growth Slowing Down
CoreLogic’s Home Value Index recorded a 0.8% rise in September. Since a trough in January, the national index has recovered by 6.6%, but home values still remained 1.3% below the record highs from April last year. Adelaide recorded the highest capital gain for the September quarter, at 4.3%, followed by Brisbane and Perth at 3.9% […]
Cash Rate Decision October 2023: RBA Leaves Cash Rate Unchanged At 4.1%
The Reserve Bank of Australia has left the cash rate unchanged at 4.1%. This is the fourth consecutive month the RBA has held the cash rate. Why Did The RBA Leave The Cash Rate Unchanged? In her statement on the RBA’s decision, Governor Michele Bullock said, “Interest rates have been increased by 4 percentage points […]
NSW Budget 2023/24: A Closer Look At Affordable Housing Plans
The NSW Budget for financial year 2023/24 was revealed on 19 September 2023. Treasurer Daniel Mookhey outlined a plan that addresses COVID-19, rapid technological change, climate change, and global political instability, focusing on economic stability, housing affordability and essential services. We’ve sifted through the details to provide you with insights into the budget features that […]
Cash Rate Decision September 2023: RBA Leaves Cash Rate Unchanged At 4.1%
The Reserve Bank of Australia has left the cash rate unchanged at 4.1%. This is the third consecutive month the RBA has held the cash rate. Why Did The RBA Leave The Cash Rate Unchanged? In his statement on the RBA’s decision, Governor Dr Philip Lowe said, “Interest rates have been increased by 4 percentage […]
Housing Values Rise for the Sixth Consecutive Month
Housing values rose for the sixth consecutive month in August, with the Home Value Index (HVI) increasing by 0.8%. This represents a slight uptick from the 0.7% growth observed in July. Since hitting its low point in February 2023, the HVI has increased by 4.9%, adding $34,301 to the median dwelling value. Every capital city […]
