In his appearance before the Senate estimates committee earlier this week, RBA Governor Philip Lowe was repeatedly quizzed on how to take pressure off the housing market, which is currently in the midst of the worst rental crisis in well over a generation. Lowe responded that: “The solution to allContinue Reading
Anthony Albanese has pushed back against questions about the nation’s near-term migration intake by accusing a journalist interviewing him of using rhetoric plucked from what he described as a Coalition scare campaign. The Prime Minister said Australia’s higher than usual migration forecasts in the near future were effectively a “returnContinue Reading
New data analysing Australia’s property market trends in the last three months has revealed foreign investors are dominating the country’s real estate scene, but it’s not for the reasons you may expect. The nation’s housing market has experienced a 2.7 per cent jump in the number of new properties beingContinue Reading
Australia’s house price recovery continued in April, with PropTrack’s dwelling values index recording a 0.1 per cent monthly rise to be up 1.4 per cent from its December trough. Sydney, the market which led the downturn, is now leading the recovery, with Sydney home prices rising 1.7 per cent yearContinue Reading
Australia’s horror housing market is set to continue with extreme pain hitting renters and a shortage in home supply set to drag out for years, an alarming new report has revealed. It showed that there will be a shortage of 106,000 homes by 2027 across Australia as a result ofContinue Reading
A portfolio manager has claimed Aussie homeowners will need to brace for the “mother of all shocks” later this year. Chris Joye, the co-founder and portfolio manager of Coolabah Capital, a fund manager with $8 billion in assets, has made bold predictions regarding the Australian housing market in the past.Continue Reading
Amid rising levels of global uncertainty and the largest relative rise in mortgage rates in Australian history, there is one question households across the nation are asking. Will house prices crash? In the last release of the national accounts that covered the fourth quarter of 2022, growth in per capitaContinue Reading
Since capital city housing prices peaked in May of last year, things have only got ever more challenging for the nation’s property market. In the past nine months, Australians have seen the largest and most rapid rise in mortgage servicing costs in the nation’s history. Prior to the current rateContinue Reading
Rental vacancies are at near-record lows across the country, and combined with skyrocketing house prices, families are being literally left out in the cold. The crisis is driven by a number of things, including increasing immigration and inflation. But another factor is the rise of short-term accommodation platform Airbnb. CitiesContinue Reading
Australian house price results for January have been released, with broadbased declines recorded across the nation. CoreLogic reported that national dwelling values have fallen 8.9 per cent from their peak, with the combined capital cities down 9.6 per cent and the combined regions down 7.4 per cent. PropTrack reported aContinue Reading