Auction clearances bounce as buyers sense rate cut
Auction clearance rates nationwide have risen to their highest level in four weeks as prospects improve for an interest rate cut this month, boosting buyer confidence. The preliminary clearance rate nationally was up 5.9 percentage points to 70.1 per cent for the first week of May, according to data from Cotality, formerly CoreLogic. The previous [...]
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Fixed rates tumble as lenders anticipate RBA cut
Three lenders cut 13 owner occupier and investor variable rates by an average of 0.07%, while eight lenders cut 159 fixed rates by an average of 0.2%, Canstar reported. “No hikes – just cuts in a week where fixed rates continued to fall as lenders factored in the likelihood of a cash rate cut by [...]
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Why the RBA won’t cut interest rates in May: economists
One by one, economists are abandoning their interest rate forecasts for next month after US President Donald Trump upended financial markets with his “liberation day” tariffs. Earlier this month, a dozen were tipping the Reserve Bank of Australia would keep rates on hold in May. Today, just four are sticking with that view. Warren Hogan [...]
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The suburbs where house prices hit records
House prices jumped to records across several affordable suburbs in Sydney’s outer ring areas over the past three months. Louise Kennerley Homes in Sydney’s outer suburbs such as Campbelltown, Cabramatta and Abbotsbury that have hit record prices are poised to gain even more under demand-boosting policies proposed by Labor and the Coalition that could fuel [...]
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Where you should have bought a house in Sydney 10 years ago
Prices in blue-ribbon suburbs like Bellevue Hill have surged over the past decade. Sydney property prices have surged over the past decade providing a bonanza for those who got in early, with the rises split between elite areas and the booming outer suburbs. In some areas, those home owners who bought a house 10 years [...]
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Home prices climb to record high
The national median house price rose 0.4 per cent to a record $820,331 in March, in a rebound fuelled by optimism among home buyers following last month’s rate cut, data from Cotality shows. The recovery in Sydney and Melbourne gathered momentum, but Perth has drifted below its recent peak as investor demand waned. Melbourne’s median [...]
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The property selling method that’s getting more popular
Auction sales have risen over time. :Steven Siewert Auctions have soared in popularity as a method of property sale over the past decade and a half, as buyers compete for the few homes available for sale. For home sellers, the advantage of an auction deadline is it creates competition. But buyers also enjoy the advantage [...]
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Last quarter’s least and most profitable housing markets revealed
Nearly half of all apartments sold in central Melbourne during the December quarter were unprofitable due to poor capital gains, according to CoreLogic. Wayne Taylor Home sellers pulled in a record $306,000 average gross profit in the December quarter, boosted by the sharp gains racked up during the pandemic boom cycle, CoreLogic’s Pain and Gain [...]
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Why now might be the right time to add to your property portfolio
Market dynamics bolster what looks to be a property investor turnaround. Rhett Wyman Despite the high interest rates, many property owners across Australia saw their equity holdings significantly bolstered last year, as large swaths of the nation’s property market saw strong value gains. Now that rates have finally dropped for the first time in more [...]
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