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…
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…
