Cash Rate Decision December 2022: RBA Raises Cash Rate To 3.10%
The Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points today, taking it to 3.10%. How Does The Cash Rate Increase Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they offer to customers. So if you have a variable interest […]
Housing Values Experience Smallest Decline Since June 2022
CoreLogic’s Home Value Index recorded a seventh straight month of decline in November 2022, falling 1%. Although values have continued to fall, the rate of decline has been moderating since it dropped by 1.6% in August. Despite the decline, housing values surged 28.6% higher than the recent upswing, adding $170,700 to the average dwelling value. […]
Geographic Scope of Australia’s Housing Value Decline Broadens
CoreLogic’s Home Value Index recorded a sixth straight month of decline in October, falling 1.2%. All eight capital cities and most rest-of-state regions (excluding regional south Australia) recorded a drop. The month-on-month decline ranged from a 2.0% fall in Brisbane to a 0.2% fall in Perth, while across regional areas, monthly falls were recorded as […]
Cash Rate Decision November 2022: RBA Raises Cash Rate To 2.85%
The Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points today, taking it to 2.85%. How Does The Cash Rate Increase Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they lend to customers. So if you have a variable interest […]
Federal Budget 2022: A Win For Home Buyers
The Treasurer delivered the federal budget on 25 October 2022. The focus of the 2022-23 budget was on the following: A five-point plan for responsible and targeted cost-of-living relief Investing in the Australian economy’s capacity and the Australian people’s capabilities to build a more resilient, more robust modern economy. Budget repair to pay for what’s […]
Housing Value Decline Eases In September
CoreLogic’s Home Value Index recorded a fifth straight month of decline in September 2022, falling 1.4%. While housing values trended lower, the rate of decline did ease from August 2022’s 1.6% fall. Adelaide and Perth experienced a mild reduction in their values of 0.2% and 0.4%, respectively. Sydney’s monthly rate of decline eased from 2.3% […]
RBA Raises Cash Rate To 2.60%
The Reserve Bank of Australia increased the cash rate by 25 basis points, taking it to 2.60%. How Does The Cash Rate Increase Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they lend to customers. So if you have a variable interest rate, it […]
Cash Rate Decision September 2022: RBA Raises Cash Rate To 2.35%
The Reserve Bank of Australia (RBA) increased the cash rate by half a percentage point today, taking it to 2.35%. How Does The Cash Rate Increase Affect My Interest Rate? Lenders add a margin to the official cash rate to determine the variable interest rate they lend to customers. So if you have a variable […]
Australian House Prices Experience Biggest Monthly Fall Since 1983
CoreLogic’s Home Value Index recorded a fourth straight monthly decline in August 2022, falling 1.6%. This is the largest month-on-month decline since 1983. Every capital city except for Darwin experienced a housing downturn. Sydney led the downswing, its values fell 2.3%, but Brisbane’s downturn accelerated rapidly. “It was only two months ago that the Brisbane […]
How First Home Buyers Can Benefit In A Falling Market
Signs The Property Market Is Falling Australia’s property market experienced its third straight monthly decline in home prices in July 2022, amidst a rising interest rate environment. CoreLogic data shows: Dwelling values were 8% higher over the past 12 months, down from a cyclical peak of 22.4% in the 12 months to January 2022. National […]
