Economic Updates

Construction problems and a rental crisis will continue to push people to buy established homes

It isn’t often you would get a bargain (relatively) in the Sydney suburb of Mosman but the end of 2022 would have been your moment.

Population growth and a housing shortage are both now outweighing increases in the cost of finance with Australian house prices having increased by another 0.5 per cent in March.

There are four ways to predict interest rate changes.

Mortgage stress has risen dramatically since last year but so far we are yet to see an increase in people selling as a result.

In the US, large companies currently own five per cent of rental properties.

In February, house prices in Australian capital cities remained stable, according to data analytics company, Neoval.

Australia is in a rent/ rates spiral.

We need more rental properties. The problem is that the group that funds most of them isn’t too keen on supplying more right now.

China abandoning its zero COVID-19 policy has resulted in the economy rebounding far faster than expected.

China is roaring back

Weekly economic update (07/02/2023)