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Six months ago, Sydney recorded an auction clearance rate of 55% amidst a fall in property values and a rise in interest rates. Last week, that number rose to 90% in the Hills district and around 80% in the Eastern Suburbs. How and why? In the wise words of Usher, ‘it’s called the U-Turn.’ Though...

In a bid to bust inflation, the Reserve Bank of Australia (RBA) has been on a rate rise run that’s seen the official cash rate go from a record-low of 0.10% to 3.60% in just 10 short months. Along the way, we’ve seen property prices across Australia decline. As rates rose, Australia saw the largest...

They say that the first 48 hours is the most likely window to find a missing person, but can the same be said for missing money? If the collapse of US-based Silicon Valley Bank (SVB) is anything to go by, the answer is no. On the 8th of March, SVB published a statement saying it...

The Reserve Bank of Australia (RBA) has increased the official cash rate for a tenth straight meeting, taking it to 3.60%. How much will this rate hike increase your monthly mortgage repayments, and how many more rate rises are expected to come? The RBA’s latest move takes the cash rate to its highest level since May...

The property market has had more plot twists than a daytime soap opera in recent years. So getting the skinny on current trends is helpful when you’re planning to buy. Here’s the lowdown on the latest surprising bit of data. Despite all the media doom and gloom predicting that the Australian housing market would tank...

In the wise words of Hans Christian Andersen, “It is only with the heart that one can see clearly, for the most essential things are invisible to the eye.” Sure, he was talking about an unsightly baby duck rebranding as a beautiful swan, but it’s all about the metaphor, guys. In real estate terms, ‘ugly...

In Sydney, rent prices aren’t just breaking the bank, they’re also breaking records. At a median of $560 per week, rents are now the highest they’ve ever been. Meanwhile, across Australia, house prices have posted their largest fall on record (-8.4%). While there’s a myriad of reasons for the turbulence—rate hikes, inflation, cost of living,...

This is the ninth rate hike by the RBA in as many meetings (since May 2022), and it takes the cash rate to its highest level since September 2012. RBA Governor Philip Lowe said in a statement that the RBA board expects that further increases in interest rates will be needed over the months ahead to ensure that...

If you’re considering refinancing your mortgage, you’re not alone. With the rising cost of living and interest rates hitting the hip pockets of many Australians, it’s a popular move. According to ABS data, November 2022 saw refinancing values reach a record high of $13.4 billion. Refinancing may offer you opportunities to unlock equity, land a better...