Home prices have fallen since the May Budget, but rents are still rising and new homes are getting harder to build. Here’s why falling prices could make the housing shortage worse. The housing market is now showing the first clear signs of the changes announced in the May Budget. Established home prices are falling, particularly … […]
Most mortgage holders are still keeping up with repayments, but APRA data reveal a quiet shift in how borrowers are managing their loans. Here’s what it means for the housing market. Higher interest rates are putting more pressure on mortgage holders, but for now that pressure is not translating into widespread mortgage distress. The latest … […]
The RBA has lifted the cash rate to 4.60 per cent despite rising unemployment. Here’s why the Bank took the risk, and whether this could be the peak for rates. The Reserve Bank has increased the cash rate by 0.25 percentage points to 4.60 per cent, responding to persistent inflation despite increasingly clear signs that … […]
For three years, the time it took to sell a home barely moved regardless of what happened around it. Since May, the national median has jumped from 34 days to 47, and the shift has not landed evenly. A property entering today’s post-Budget market is spending two weeks longer on the market than before changes … […]
Inflation eased in June. Fuel prices drove most of the improvement. Strip them out and the picture the Reserve Bank is watching – underlying inflation, housing costs, the labour market – has not moved. The Reserve Bank has left the cash rate unchanged, choosing to wait for further evidence on whether the interest rate increases … […]
The housing downturn is now broadening across cities and price points. How far prices can fall from here depends on a variable that most of the conversation has not caught up with: the cost of building a replacement home. Australia’s housing downturn is now underway. Higher interest rates have reduced borrowing capacity, lifted mortgage repayments … […]
Average open home attendance has nearly halved in a year. The decline was well underway before the Budget and has continued since. Whether it has now found a floor is the question the latest weekly data is starting to answer. Open homes have become noticeably quieter. Across Australia, average attendance fell to 2.1 people per … […]
The Reserve Bank has left the cash rate unchanged, choosing to balance persistent inflation pressures against growing signs that the economy is slowing. While inflation remains above target, the latest data suggests some of the drivers behind recent price increases are beginning to ease. Annual inflation fell from 4.6 per cent to 4.2 per cent … […]
The latest listings data shows a clear split opening up in the housing market: more homes for sale, but fewer homes available to rent. This is not yet evidence of the full impact of the Federal Budget or the proposed negative gearing changes. The data only runs to the end of May, and the budget … […]
The Federal Budget has confirmed a major shift in housing tax policy, with negative gearing to be limited to new builds and CGT changes designed to reduce the tax advantage of investing in property. The intent is clear: reduce investor competition for existing homes and redirect capital into new housing. But while this may be … […]