by Sanjeev Sah | May 21, 2024 | Market update
by Sanjeev Sah | May 21, 2024 | Market Updates Recent Australian Bureau of Statistics data shows that annual rental inflation jumped 7.8% in the March 2024 quarter, the sharpest increase in 15 years. By contrast, the general inflation rate fell to 3.6%, its lowest...
by Sanjeev Sah | May 14, 2024 | Market update
by Sanjeev Sah | May 14, 2024 | Market Updates Australia’s home values reached new highs after 10 price records were shattered in the March quarter, according to Domain. These include: * Sydney’s house prices crossing the $1.6 million mark for the first...
by Sanjeev Sah | May 7, 2024 | Market update
by Sanjeev Sah | May 07, 2024 | Market Updates Australian Bureau of Statistics lending data shows the value of new loan commitments for housing surged 13.3% to $26.4 billion over the year to February. This increase was largely fuelled by a 21.5% rise in loans to...
by Sanjeev Sah | Apr 30, 2024 | Market update
by Sanjeev Sah | Apr 30, 2024 | Market Updates Australia’s housing supply crisis has seen rents soar while vacancy rates plummet – see image. In response, the federal government plans to build 1.2 million new homes over the next five years, starting from 1 July...
by Sanjeev Sah | Apr 23, 2024 | Market update
by Sanjeev Sah | Apr 23, 2024 | Market Updates Australian household wealth grew by 2.8% or $419 billion in the last quarter of 2023, according to the Australian Bureau of Statistics (ABS). This growth, seen for the fifth straight quarter, brought total household...
by Sanjeev Sah | Apr 19, 2024 | Market update
by Sanjeev Sah | Apr 16, 2024 | Market Updates Since the pandemic, asking rents in most Australian capital cities have risen significantly faster than wages, according to a new Domain analysis. While advertised rents initially fell in 2020 when the international...
