Cash Rate Decision March 2024: RBA Leaves Cash Rate Unchanged At 4.35%
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35% for March 2024. Why Did The RBA Hold The Cash Rate In March 2024? In its statement, the Reserve Bank’s board noted, “While recent data indicates that inflation is easing, it remains high. The Board expects that it will be some […]
Housing Values Re-Accelerate in February
The Australian housing market showed signs of improvement in February 2024, as housing values experienced a subtle re-acceleration. CoreLogic’s national Home Value Index (HVI) for February 2024 increased by 0.6%, marking the strongest monthly gain since October 2023. Except for Hobart, where the market fell by 0.3%, all capital cities and rest-of-state regions recorded a […]
Cash Rate Decision February 2024: RBA Leaves Cash Rate Unchanged At 4.35%
The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35% for February 2024. Why Did The RBA Hold The Cash Rate In February 2024? In its statement, the Reserve Bank’s board noted, “Inflation continued to ease in the December quarter. Despite this progress, inflation remains high, at 4.1 per cent.” The […]
January 2024 Property Market Insights From CoreLogic’s HVI
The Australian housing market showed resilience in January, continuing its upward trajectory into 2024. In the latest CoreLogic Home Value Index (HVI), national dwelling values increased by 0.4% in January, marking the 12th consecutive month of increases. While there are variations in performance across different regions, the overall trend indicates sustained growth in the housing […]
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% […]
