Search Results for: Eleanor Creagh
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INDUSTRY NEWS
Home prices reach record high after February rate cut
National home prices have climbed to a record high in March, continuing their upward momentum following the Reserve Bank's February interest rate cut.
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INDUSTRY NEWS
Home prices rebound in February amid interest rate cut
National home prices rose by 0.40% in February, reaching a new record and reversing recent minor declines.
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INDUSTRY NEWS
RBA cuts interest rates to 4.1% – what does it mean for real estate?
The Reserve Bank of Australia (RBA) has lowered the cash rate to 4.10%, marking the first rate cut in years and offering potential relief for buyers, investors, and homeowners.
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INDUSTRY NEWS
Property prices dip as market momentum slows
National home prices have recorded their first decline of the year, dropping 0.08 per cent in January, though values remain nearly 4 per cent higher than the same time last year.
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INDUSTRY NEWS
RBA leaves rates on hold with inflation still “too high”
There’s no relief for mortgage holders just yet, with the Reserve Bank of Australia leaving the official cash rate unchanged at the December meeting.
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Real Estate News
Property Prices Keep Rising Despite Market Headwinds
The Australian property market continues to defy expectations, with new Proptrack data revealing unprecedented growth across major cities and regional areas. Despite economic headwinds including higher interest rates and cost-of-living pressures, robust demand and demographic shifts are reshaping traditional market dynamics, particularly in Queensland’s capital. Market Hierarchy Undergoes Historic Shift One of the most significant developments has been Brisbane’s emergence…
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INDUSTRY NEWS
Regional locations continue to see solid growth
Queensland and Western Australia continue to be some of the strongest regional locations for growth, with experts predicting there is more to come.
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INDUSTRY NEWS
RBA holds rates steady: what it means for the real estate market
It came as no surprise: The RBA has held the official cash rate at 4.35% marking the eighth consecutive time rates have remained unchanged.
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INDUSTRY NEWS
Home prices hit a record high as Melbourne leads growth
Australian home prices have surged to new heights in October, marking the 22nd consecutive month of growth despite ongoing affordability challenges.
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Real Estate News
Spring Surge: affordability pressures rise as listings climb and market growth slows
Highlights National home values rose 0.4% in September, marking the slowest quarterly growth since early 2023. Year-on-year growth remains strong at 6.7% (CoreLogic) or 5.67% (PropTrack). Capital city performance varies: Sydney steady, Melbourne declining, Perth/Adelaide/Brisbane outperforming. New property listings have surged to levels not seen since 2021, increasing buyer choice and seller competition. Affordability remains a major challenge, with mortgage…
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Real Estate News
RBA: No relief with interest rates unchanged
The Reserve Bank of Australia (RBA) has kept interest rates unchanged for the seventh consecutive meeting, maintaining the cash rate at 4.35%.
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INDUSTRY NEWS
The suburbs where homeowners hold onto property for 20 years
Certain Australian suburbs are seeing homeowners hold onto their properties for more than two decades which is double the national average.
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INDUSTRY NEWS
Brisbane overtakes Canberra as property prices rise
Perth, Brisbane and Adelaide continue to lead home prices into record territory with national values up 0.3 per cent in May according to new data.
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INDUSTRY NEWS
Interest rates on hold but future hikes not ruled out
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its May meeting, but cautioned that higher than expected inflation was not expected to return to the target 2-3 per cent range until the second half of 2025.
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Real Estate News
Regional Queensland leads the property price surge
Regional Queensland has recorded the highest growth in the country in the past four years, with prices rising 66.5 per cent.
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Real Estate News
Property prices hit a new record in March
National property prices have hit a new record, rising .34 per cent in March to sit at a median $768,000.
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Real Estate News
Interest rates on hold as RBA says economic outlook remains ‘uncertain’
The Reserve Bank of Australia has opted to keep interest rates on hold at 4.35 per cent at its March meeting, highlighting that the economic outlook remains uncertain, despite a recent drop in inflation.
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INDUSTRY NEWS
Home price growth reaccelerated in February
Home prices across the country have hit a fresh new high, with growth reaccelerating despite affordability worries.
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INDUSTRY NEWS
Vacancy rates ease in December
After a tough year for renters, there are some early signs that relief might be on the way with vacancy rates rising in December.
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INDUSTRY NEWS
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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INDUSTRY NEWS
Property prices hit record high despite growth slowing
Australian property prices have hit a new record high, climbing 0.22 per cent in November, according to PropTrack.
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INDUSTRY NEWS
Cup Day rate rise: RBA lifts interest rates to 4.35 per cent
The Reserve Bank of Australia has lifted interest rates for the first time in five months, hiking the cash rate 25 basis points to 4.35 per cent, which is a 12-year high.
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INDUSTRY NEWS
Australian property prices hit a new record
The downturn is officially over, with property prices hitting a new peak after rising 0.36 per cent in October.
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INDUSTRY NEWS
Perth and Adelaide tenants battle skyrocketing enquiry rates amid rental crisis
Tenants in Perth and Adelaide are facing increasingly tough rental conditions, with super low vacancy rates sending enquiry levels on properties in many suburbs soaring.
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Real Estate News
Perth and Adelaide tenants battle skyrocketing enquiry rates amid rental crisis
Tenants in Perth and Adelaide are facing increasingly tough rental conditions, with super low vacancy rates sending enquiry levels on properties in many suburbs soaring.
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INDUSTRY NEWS
Interest rates on hold for fourth month in a row
The Reserve Bank of Australia has kept interest rates on hold at 4.1 per cent for the fourth consecutive month, with new Governor Michele Bullock noting the 12 earlier increases are working.
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INDUSTRY NEWS
Reserve Bank keeps interest rates on hold for third consecutive month
The Reserve Bank of Australia has kept interest rates on hold for a third consecutive month as it seeks to gain more clarity on the nation’s economic outlook.
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INDUSTRY NEWS
Property prices have bounced again in August
Spring selling season has arrived and property prices are continuing to heat up, with new data showing that values jumped 0.28 per cent in August.
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INDUSTRY NEWS
RBA keeps interest rates on hold a 4.10 per cent
Australian mortgage holders are breathing a sigh of relief this afternoon after the Reserve Bank of Australia opted to keep interest rates on hold.
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INDUSTRY NEWS
Property prices have nearly recovered all their declines
Property prices rallied again in July and have now nearly recovered all of their 2022 declines, according to PropTrack.
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INDUSTRY NEWS
Property prices could make new highs in 2024
If the current rebound in property values can continue, prices will make fresh highs in January 2024 according to a new report.
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INDUSTRY NEWS
Interest rates rise to highest level since April 2012
The Reserve Bank of Australia has lifted interest rates a further 25 basis points to take the cash rate to 4.1 per cent.
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INDUSTRY NEWS
Rate Hike? Aussie property market says ‘No problem’ as price rebound continues
The Reserve Bank’s decision to lift the cash rate in May has not dampened the nation’s house price rebound with both PropTrack and CoreLogic reporting strong growth for the past three months.
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INDUSTRY NEWS
Surging immigration sees share of cheap rentals plummet
Conditions for renters continue to go from bad to worse, with new data showing that surging immigration has pushed the share of rentals listed for under $400 per week to fall to a record low 16.2 per cent.
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INDUSTRY NEWS
Federal Budget doesn’t do enough to address long-term housing shortage
Real estate and housing industry experts have said the Federal Budget looks good on the surface but lacks the depth to address the nation’s long-term housing shortage.
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