Monetary Policy Decision Aug 2021
Source: Reserve Bank of Australia | Number 2021-14 At its meeting today, the Board decided to: • maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent • maintain the target of 10 basis points for the April 2024 Australian Government bondcontinue to purchase government securities at the rate of $5 billion a week until ea...
Highest annual rate of growth since 2004
Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index.The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past twelve months.The market is strong but losing steam, the 16.1% lift in national housing values over the past year is the fastest pace of annual growth since February...
50,000 lots unlocked in SEQ to meet land demand
Source: Queensland Government Almost 50,000 residential lots are being unlocked in South East Queensland since the 2020 State election, helping to cater for the region’s current and projected population surge.The lots have been made possible following the creation of the Growth Areas Team and thanks to more than $92 million in targeted funding from the Palaszczuk Government.Deputy Premier and...
Will Queensland's Property Prices Win Gold After the 2032 Olympics?
Although some 11 years away, the 2032 Olympic Games is on the lips of most Queenslanders – particularly among Brisbanites – whose home city has been declared host of the event. However, it’s not just the excitement of the world’s largest multi-sport event that has tongues wagging. Hosting the 2032 Olympics and Paralympics could be a “game-changer” for Queensland, according to Brisbane Lord M...
Property sales now 60% higher than both 2019 and 2020
Author: Bianca Dabu | Source: Real Estate BusinessSales have soared by over 60 per cent compared with 2020 and 2019 in what’s a testament to the continued recovery of the property market, a new report has revealed.REA Insights’ latest Housing Market Indicators Report found that preliminary weekly sales over the first six months of the year were 60.7 per cent higher than the same period last yea...
Australia's Property Market Pressure Index
Source: Propertyology With property prices rising all over Australia the degree of pressure within property markets has reached all-time record levels.Australia's rising-tides-lifts-all-ships property market is currently underpinned by two common denominators: on the deman side is record low interest rates while the volume of dwellings listed for sale is as tight as a mouse in a matchbox.Contr...
Regional movers at highest level since 2018
The level of movement of capital city dwellers to regional areas is at a three-year high, while net regional migration in the latest quarter is 66 per cent higher than a year ago, according to research.The Commonwealth Bank of Australia (CBA) has released its Regional Movers Index in partnership with the Regional Australia Institute (RAI), which has shown the changes in population flows f...
14 Sunshine Coast Markets Join the Million Dollar Club
Despite a tumultuous 12 months for the Australian property market, from COVID-induced dips to new record high peaks, CoreLogic’s inaugural Million Dollar Markets report released today has identified 218 markets where either house or unit median values in a suburb reached the million-dollar-mark in May 2021 compared to May 2020.The report also highlights how the current housing market upswing ha...
Rents Rocket in Regional Queensland
Source: REIQ Rents in regional Queensland continue to rise with some regions posting double digit growth, according to the latest data from CoreLogic. The value of rents in Australia’s regions grew 9.4 per cent on average in the year to April, far outpacing rents across the capital cities which grew 3.3 per cent.In Queensland, several regions shot past the average with Central Queensland re...
