News

In the world of finance, interest rates can feel like a roller coaster ride. This time, though, the Reserve Bank of Australia (RBA) has decided to give us all a breather. In its latest monetary policy get-together held on the 1st of August, the RBA announced it would be keeping the official cash rate steady...

Taking a stroll through the streets of Parramatta or Rhodes—where only about 11.5% and 14.6% of dwellings are houses—you might think this city has more than enough high-density housing. Apartment abundant Penshurst in southern Sydney invites the same sentiment, with units accounting for approximately 83% of accommodations in the suburb. Neutral Bay, Ryde, Bankstown, and...

Australians are showering their homes with $1 billion worth of love each month as home improvement spending ramps up. We look at the cost of popular renovations – and how to foot the bill. Belts may be tightening but not, it seems, for renovators. The latest figures from the ABS show Australians spent a whopping $1,044 million...

High risk tolerant or low risk tolerant, rapid interest rate hikes and inflation-related financial stresses are turning both ends of the spectrum investment intolerant. Last month, investor-owned listings across Sydney surged to a record 39.8%, with more likely to follow suit in the coming months. Australia-wide, the share of investor-owned listings increased to 32.7%, its...

The decision to keep the official cash rate at 4.10% will be welcomed by homeowners around the country after monthly repayments increased by about $1,135 per $500,000 loaned (for a 25-year loan) since 1 May 2022. RBA Governor Philip said as interest rates had been increased by 4% since May last year, the Board decided...

Domain’s Forecast Report for the 2023–24 financial year is here, and according to its predictions, the next twelve months looks sunny with a chance of record-breaking growth. The main take away is that Australia’s housing market will continue its redemption arc after making an unexpectedly speedy recovery from the short and sharp 2022 downturn—the steepest Sydney...

In the midst of a cost-of-living crisis that has some of us rethinking our morning coffee routines and midway through a second year of continuous interest rate hikes, one of the most expensive Australian house sales of all time took place in Point Piper. Not to be outdone, record-breaking sales in QLD and VIC followed...

Finally, a percentage hike that doesn’t correlate with a deep sigh. In May, Sydney home values rose 1.8%, marking our highest monthly gain since September 2021. Up 4.5% over three months, house and unit prices in some areas have climbed by six figures in that same period. Despite the consistent percentage increases that do correlate...

Drumroll … The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. How much will this increase your monthly repayments? And how long does Philip Lowe plan to keep marching to this beat? Another month, another 25 basis point cash rate rise. It’s now apparent the...

Who knew a jab about avocado toast back in 2017 would kick off one of the greatest generational feuds of all time? Boomers vs. Millennials is the default headline these days, but when it comes to Australia’s housing supply crisis, neither gen is throwing punches. Instead, they’re coming to find they’re facing a shared adversary—the...