Archive for June, 2015

Could another rate cut be on the horizon?

When the Reserve Bank of Australia (RBA) decided to cut the cash rate in May, there was a collective sigh of relief – from those buying a house or apartment, at least. Housing finance has become incredibly cheap, allowing households to pay off their loans more quickly and encouraging others to make their first, crucial steps into the property … Read more »

Is it the right time to sell your home in Sydney?

If you’re on the cusp of selling your house but aren’t quite sure if it’s the right time to make the leap, then new figures from CoreLogic RP Data could give you all the incentive you need. While it’s hardly a secret that the price of a home in the New South Wales capital has continued to soar high … Read more »

Meeting the housing needs of a growing population

Demand for property comes down to a number of factors, not least of which is population growth. Record low interest rates have their part to play, but a growing population also contributes to rapidly rising demand for property. An ever-expanding population can sometimes create as many issues as it solves – while it stimulates job creation, economic activity and construction … Read more »

Should the government do away with stamp duty?

One of the common threads in all the talk about real estate affordability has been tax – particularly stamp duty. The release of the federal government’s tax discussion paper earlier in the year raised the possibility of big changes to Australia’s tax framework and, since then, members of the housing industry have been quick to have their voices heard … Read more »

New homes remain a popular choice

Property buyers throughout the country are keen to buy new homes, the latest figures suggest, which has been spurred on by reductions to the official cash rate (OCR).

The Reserve Bank of Australia (RBA) first lowered the OCR to 2.25 per cent in February, which was followed by another 25 basis point cut this month. As a result, homebuyers have been … Read more »

How does new home building support affordability?

There has been one question that has risen above all others in the past few months: How does the government and the housing industry make homeownership an affordable dream for all Australians? In the beating heart of the property market, Sydney, buyers will likely be thinking much the same thing. In its April 7 board meeting, the Reserve Bank of … Read more »

Is housing supply meeting population growth?

There has been a fair bit of discussion about housing supply in Sydney in recent months. However, CoreLogic analysts have studied recent figures from the Australian Bureau of Statistics (ABS) and found that the level of building activity and the rate of population growth across the country could be meeting somewhere in the middle.

This is particularly good news for affordability. … Read more »

Is Sydney in a price bubble?

If you’re looking to buy a house or apartment for the first time, it can be hard to ignore the almost-constant commentary on the state of house prices. But are they really as extreme as they have been made out to be? New research from CoreLogic RP suggests not. In fact, figures show that price growth is much slower … Read more »

Real estate crucial to Australian economy

While the headlines may be awash with residential sales figures and sky-high price increases, it also pays to think about what role the real estate sector plays in spurring and supporting economic growth across the country. If a new report from the AECĀ Group and the Property Council of Australia is anything to go by, real estate could not be … Read more »

Cash rate retained in June

Following on from its groundbreaking decision to cut the official cash rate in May, the Reserve Bank of Australia (RBA) has stood firm on its choice and retained the historic low rate of 2 per cent for another month. However, for those interested in buying a house, RBA Governor Glenn Stevens had some interesting insights into which direction rates … Read more »