At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. Statement by Philip Lowe, Governor: Monetary Policy Decision With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs. Encouragingly, the recent economic data have … Continue reading Cash rate at ‘unprecedented’ low
“The number of loans for the construction of a new dwelling increased by 27.1 per cent in the month of September 2020, to the highest result since the Australian Bureau of Statistics (ABS) commenced collection of this data in 2002,” stated HIA’s Chief Economist, Tim Reardon. “The ABS also released its building approvals data today, which is a more lagged indicator of future building work, … Continue reading HomeBuilder sets new construction record
Following five months of consistent declines in residential property values, CoreLogic’s national home value index moved back into positive month-on-month growth through October, posting a 0.4% rise. The lift in home values was broad-based, with every capital city apart from Melbourne posting a rise in values over the month. Over the month dwelling values increased by more than 1% in each of the smallest four … Continue reading Australian housing values move into recovery mode
New Listings soar across Melbourne, overtaking Sydney as Restrictions Ease By Eliza Owen, Head of Research Australia One of the lessons learned about the property market through COVID-19 is that listings numbers have been extremely responsive to changes in social distancing policies. Despite an extended lockdown, Melbourne is no exception. Since onsite, private inspections resumed on the 28th of September, new listings volumes have soared. The … Continue reading New Listings in Melbourne
SYDNEY – 7th October 2020 Two of Australia’s longest-running podcasts devoted to educating property professionals and property enthusiasts have been acquired by Realty Media Group, an Australian Proptech business, for an undisclosed amount in stock and cash. The acquisition expands Realty’s digital capability and builds on its national footprint as the group pursues its vision to “connect people and property differently”. Group CEO Troy Rushton … Continue reading REALTY.COM.AU Acquires Popular Long Running Property Shows
According to today’s CoreLogic Home Value Index, September marked a striking turn in housing market sentiment; consumer confidence increased, new listings rose, and six of the eight capital cities recorded a rise in home values over the month. However, falling values in Melbourne and Sydney, which make up an approximately 40% of Australian’s housing stock by number and 55% by value, pushed the national reading … Continue reading Melbourne and Sydney values weigh down national market as remaining capitals record a lift
Would you believe that two in three Aussie’s believe their parents should make sacrifices for their children’s financial future? There is a shift happening and it is that parents are moving in with the kids. Vanessa Stoykov explains. Transcript: Kevin Turner: Well, would you believe that two in three Aussie’s believe their parents should make sacrifices for their children’s financial future? Well, I say maybe the kids are … Continue reading Test News Article
