It comes as no surprise that the Reserve Bank of Australia has raised the cash rate by 50 bps to 0.85% during its June 2022 meeting. What was surprising was the level of the increase and the back-to-back nature of the rate hike. This was the first back-to-back rate hike in 12 years, as the…
According to CoreLogic, auction figures are down 40.2 per cent this week, with 1,722 homes set to go under the hammer across the major capital cities this week, well below the 2,879 auctions held the previous week. This week’s volumes represent the fourth-quietest week of the year, only bettering the Easter long weekend and the…
The RBA has finally conceded that rising inflation and stronger than anticipated wages growth have brought forward the likely timing of the first increase in interest rates. A June interest rate lift looks more likely than not, with the Reserve Bank of Australia (RBA) itself hinting rates could head north sooner than anticipated as…
Flashback two years to March 2020, when a collective cloud of anxiety first loomed as the state was plunged into our first COVID-19 lockdown. We didn’t know then, of course, the extent to which the government would cushion the pandemic’s blow, propping up the economy over the next two years with low interest rates and…
NAB has revised down its outlook for property prices in 2022 and 2023, after predicting the first interest rate hike to occur in November this year. Property prices are now expected to reach a “turning point” in the second half of 2022 before falling in 2023, according to the latest residential property survey from…
As you may recall in early 2021, we discussed Electronic Lease Renewals – will the good news is that after tenants having benefited from the paperless system for some time now we launched in late 2021 Landlord Electronic Lease Renewals. Yes, the email will look a little different and will come from a iPropertyExpress.com email…
It was the year of the auction for Australia’s property market with a record number of properties being sold under the hammer in 2021. Every weekend seemed to break the previous auction volume or clearance rate record while at the same time, lockdowns and capped numbers meant breaking away from the traditional methodology. Sellers who decided…
With borders set to open on 23 November we wanted to keep you informed of what measures we have in place as an agency. VACCINATIONS – Our staff have been encouraged to have COVID-19 vaccinations for their personal health and wellbeing, although we acknowledge that this is a decision for individual staff to make. We…
There is no doubt that the Australian property market has surged since late 2020. Double digit growth in all states and territories evidences this growth. Demand, the size of mortgages and media attention means the Australia Government is now becoming increasingly wary of the impact of a property bubble. A property bubble poses a real…
Our team has seen a rise in the number of ESL and Land Tax invoices, which previously came to our agency, being redirected back to the owner’s personal address or the investment address. This started last year with Land Tax and has continued this year with the issuing of ESL levies. We know what has…
