Is Australia’s Housing Market Stabilising?
CoreLogic’s Home Value Index fell 0.14% in February 2023. This is the smallest monthly drop we’ve experienced since the cash rate started going up in May last year. Sydney’s dwelling values rose 0.3%; however, other capital cities’ did go down. Hobart’s and Darwin’s recorded steep falls of 1.4% and 0.3%, respectively. Is The Australian Housing […]
Cash Rate Decision February 2023: RBA Raises Cash Rate To 3.35%
The Reserve Bank of Australia (RBA) increased the cash rate by 25 basis points today, taking it to 3.35%. 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 offer to customers. So if you have a variable interest […]
Housing Values Take A Smaller Hit
CoreLogic’s Home Value Index fell 1% in January 2023. This was the smallest month-on-month decline since June 2022. The reduction in the rate of decline was evident in most capital cities, except for Adelaide (-0.8%) and Perth (-0.3%), where housing values have been more steady than in other areas since interest rates started rising in […]
Housing Values 5.3% Lower In 2022
CoreLogic’s Home Value Index fell 1.1% in December 2022, which took values 5.3% lower over the 2022 calendar year. That result for the 12 months to December marked the largest calendar year decline since 2008, when values were down 6.4% during the Global Financial Crisis. Annual housing value falls were most significant in Sydney and […]
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% […]
