Unit prices and rents heading north
Things are looking up for owners of units, whether owner-occupiers or investors. After the national median unit price fell for 10 consecutive months, it increased in both March (0.6%) and April (0.7%), according to CoreLogic. CoreLogic economist Kaytlin Ezzy said this could signify “the start of a slow recovery phase, with inflation seemingly moving past […]
First home buyer activity jumps 15.8% month-on-month
It’s too early to say first home buyers are back, but they’ve certainly made a welcome return to the market, according to the latest data from the Australian Bureau of Statistics. The number of new owner-occupier first home buyer loan commitments rose 15.8% in March, after reaching a five-year low in February. That said, first […]
First home buyer activity jumps 15.8% month-on-month
The Reserve Bank of Australia (RBA) is set for a shake-up, following a review commissioned by the federal government. The review made 51 recommendations, including specific measures to create a clearer monetary policy framework and stronger monetary policy decision-making. Treasurer Jim Chalmers said the government agreed in-principle with all the recommendations and would work with […]
