Category: Price Rise
House prices rise in November
The end of December marked the release of the RP Data-Rismark Hedonic Home Value Index Read complete post
RBA leaves rates on hold for the fourth consecutive metting
There was good news for the residential property market again last week as the Reserve Bank of Australia decided in its monthly meeting to leave the official cash rate on hold at 4.75 per cent. This means that all mortgage holders can rest assured that interest repayments will remain the same for another month at least. In his statement that accompanied the decision, RBA Governor Glenn Stevens referenced various factors that had influenced the Board’s...Read complete post
Land Sales Volumes Down, Prices Rise
Last year there were numerous publications considering the situation; September saw the release of the Real Estate Institute of Australia’s Deposit Power Housing Affordability Report, which recorded the sixth consecutive quarterly decline in housing affordability in Australia. Prior to that, the Housing Industry Association and the Commonwealth Bank jointly released their Housing Affordability Report in August, which found that housing affordabilities were at record...Read complete post