It was an unlucky Melbourne Cup for homeowners, with the Reserve Bank of Australia (RBA) lifting the cash rate to a 12-year high. Meanwhile, property prices continue to edge higher in many markets as Australia’s house price rebound continues.
This month, RBA governor Michele Bullock kept the cash rate on hold while taking the helm for the first time.
Meanwhile, the demand/supply imbalance continues to push property values higher in many markets.
If you’re looking to buy this spring, it’s important to have your pre-approval in place, so that you can pounce on the right property when it comes your way. Talk to us today.
Spring is usually a busy time of year for buyers AND sellers and with property prices still on the rise in many markets, despite the Reserve Bank of Australia’s aggressive interest rate hikes since May 2022. Property prices rose 0.7 per cent in July – the fifth straight month of gains.
Listings are also on the rise but remain below 2022 levels. If you’re a prospective buyer, you’ll need to be ready to pounce when you find a bargain this spring. Check out our latest article here.
Some positive news for homeowners this month, with the Reserve Bank of Australia (RBA) deciding to keep the cash rate on hold at 4.1 per cent. Meanwhile, Australia’s housing values moved through a fourth month of recovery in June. Property prices continued to climb in most markets, with CoreLogic data showing a 1.1 per cent rise in national property values …
Australia’s winter housing outlook is improving, with rising property prices and stronger market conditions. Since February, we have seen three consecutive months of positive growth in housing values due to a significant imbalance between supply and demand. This month, experts warned that if property prices continued to grow as they have in recent months, we may see …
We hope you had a lovely Easter celebration and enjoyed some quality time with your loved ones. Homeowners across Australia have been relieved as the Reserve Bank of Australia (RBA) kept the cash rate unchanged this month due to softer inflation figures. The autumn property season has been slower than usual, with many buyers and …