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In case you missed it – following several months of welcomed interest rate stability, the Reserve Bank (RBA) opted to increase the cash rate by a further 25 basis points in early November. Their campaign to rein in inflation continues, and this latest increase marks the 13th such upwards move in 18 months – comingread more
In light of recent distressing events in the Middle East, Australia, although geographically distant, braces for the inevitable economic impact, particularly a potential surge in energy prices. This global unrest emerges during a time when we had otherwise anticipated stability, particularly regarding interest rates, with speculation of potential rate cuts in 2024. However, the prevailingread more
As we transition out of September and into the last quarter of 2023, the Western Australian property market demonstrates a dynamic landscape for prospective buyers and investors. We’ve now seen three consecutive months of the RBA holding interest rates steady (currently at 4.10%), and with it a sense of calm and increased economic certainty. Theread more
In the ever-evolving Australian property market, the echoes of national macro-economic factors reverberate throughout each region, and prospective buyers, investors, and homeowners find themselves amidst a landscape marked by both challenges and opportunities. The relationship between inflation, interest rates, and supply-demand dynamics combine to shape the course of the residential and industrial property sectors alike.read more
Happy New Financial Year! 2023-24 is finally here and with it, varying views on the likely outcome of upcoming RBA meetings to determine any cash rate movements. Economists and commentators from across the country seem to hold different ideas as to when rate rises will come, how many are on the cards, and when weread more
The cold weather is upon us here in WA, and the property market certainly hasn’t bucked the trend by warming up. The RBA’s interest rate rises in May and June caught quite a few off-guard, especially as even many of the most conservative commentators predicted at least a minor reprieve. The knock-on impact of thisread more
If you’ve ever applied for a loan, particularly a mortgage, you’ll be aware of the hoops you’re required to jump through to get a loan approved by a lender, even if you decide to go with a broker. There are documents to provide, budgets to complete, and often a significant deposit to put down. Theread more
The end of the first half of 2023 is nearly upon us, and with it, the WA Property Market Update for May 2023. A slightly unexpected 25 basis point interest rate rise from the Reserve Bank of Australia (RBA) in May has seemingly not hampered the positive momentum of the broader property markets around Australia.read more
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