PropertyHero retweeted
The day after the RBA hikes rates again to 4.35%, Seek data show job ads fell sharply last month, especially in the two most populous states: abc.net.au/news/2023-11-08/a… #ausecon #RBA #ausbiz #auspol Has the RBA just made another major misjudgement?
PropertyHero retweeted
RBA resisted political pressure and did the right thing, lifting the cash rate to 4.35%, still only a shade above what they say is the "neutral rate" of 3.8% - and still not getting inflation *inside* their target 2-3% band until 2026... They look like they are behind the curve compared to the Fed (5.25-5.50%), RBNZ (5.5%), Bank of Canada (5.0%), and Bank of England (5.25%). They could have more heavy lifting to do...
Housing values continue their downward trend
CoreLogic Home Value Index - October
Capital city dwellings
🔻 Sydney -1.3%
🔻 Melbourne -0.8%
🔻 Brisbane -2.0%
🔻 Adelaide -0.3%
🔻 Perth -0.2%
🔻 Hobart -1.1%
🔻 Darwin -0.8%
🔻 Canberra -1.0%
corelogic.com.au/news-resear…
#hvi #property #data #corelogic
Unfortunate that the decision to deny Novax a visa didn’t occur before he entered Australia
PropertyHero retweeted
The inner west suburb of Leichhardt saw the largest drop in days on market. bit.ly/3jRzvLO
Housing values declined over the last quarter by 1.6% nationally according to CoreLogic data. The biggest drop was in Melbourne (-3.2%).
Vacany in rentals remains high due to COVID forcing more people into shared accommodation or back with parents
PropertyHero retweeted
#JobKeeper will be extended by six months to the end of March next year and the temporary supplement for those on income support will also be extended until the end of the year, we’ve just announced #auspol #breaking
PropertyHero retweeted
One-bedroom units in Sydney and Melbourne have borne the brunt of rental price declines. | @TawarRazaghi
bit.ly/2OHvYRB
Unfortunately often the case where government incentives or assistance leads to increases in the cost of the product or service
PropertyHero retweeted
Fertility rate: 'Jaw-dropping' global crash in children being born bbc.in/3gXT8PC
PropertyHero retweeted
Building approvals growth best in almost a year, economists now expect that a floor in housing demand has been reached. #ausproperty bit.ly/39Qfv6I
PropertyHero retweeted
Melbourne Auction Market a Big Winner on Super Saturday
The Melbourne auction market passed its biggest test of the year on Saturday with flying colours, recording a strong clearance rate despite a flood of listi....linkedin.com/posts/dr-andrew…
#auctionresults #auctions #houseprices
PropertyHero retweeted
On my TV show last week, Professor Steve Keen and the AFR’s Chris Joye exchanged blows on the prospect of a 40% fall in house prices. More than 15,000 viewers watched the stoush. Here’s my judgment on who won. #ausecon
PropertyHero retweeted
Sydney Finally Hits 80% - It’s a Boom?
After threatening over the past month, Sydney finally breached the 80% clearance rate benchmark at the weekend which if sustained - as is likely - will certainly act to yet again bri...linkedin.com/posts/dr-andrew…
#auctionresults #houseprices
PropertyHero retweeted
More Strong Results as Markets Now Turn to Spring
Melbourne and Sydney weekend auction markets reported more strong results for sellers at the weekend with mid-winter rates continuing to remarkably push towards 80%....linkedin.com/feed/update/urn… #auctionresults #houseprices
PropertyHero retweeted
Home Loans Predictably Yet to Indicate Market Recovery
Latest home lending data unsurprisingly remains subdued with reported loan levels continuing to decline in most states...linkedin.com/feed/update/urn… #houseprices #interestrates #homeloans
