Economic Updates

If you’re anything like me, even being on the same street as a knockdown can mean you’re now obliged to monitor the progress of the rebuild, and alert your partner as to how quickly the new facade has gone up.

House prices have been rising across Australia since the start of the year. A key driver of this has been a shortage of properties for sale. But with listings increasing again, is that the end of strong growth?

Landlord incentives to provide rental housing have been overwhelmingly successful over the past 25 years.

Living alone was one of the main drivers of the rental crisis and is a major demographic trend that directly impacts the types of homes that are built, as well as the number.

With inflation now trending downward, rates remained on hold again this month. At this point, barring any unexpected events, it is likely that they will remain at current levels for some time.

All capital cities are now recording year-on-year growth. Adelaide and Perth are leading the way, recording well over six per cent growth over the past 12 months. Melbourne and Hobart are the slowest growth capital cities.

It was another improved month for buyer choice, as new listings grew 9.4 per cent across Australia in August.

Regional migration slows but not in Queensland or South Australia

Savings rate plummets to GFC levels as cost of living challenges continue.

In the evolving landscape of the real estate market, a new trend has emerged - ‘green listing’. There’s been a rise in advertising sustainable features such as energy or water-saving features.

Last year we took a close look at the number of spare bedrooms in Australia. Based on research done by the Australian Bureau of Statistics, we found that there are around 13 million spare bedrooms across the country.

We have never had such good farming conditions as we did in 2022. While particularly good Australian weather conditions were the major driver, so too were poorer conditions elsewhere around the world.