Posts Tagged ‘Economy’

More Stock Hits Market

With Christmas literally just nine sleeps away, the property market has managed to continue to attract a significant portion of media attention, with the latest reports revealing a surge in stock levels last month that shows no sign of slowing, finally giving buyers more options, and perhaps somewhat on the way to more of a market in equilibrium.

November marked the peak of the spring selling season this year, with the … Read the full post »

Rule Changes to Ease Rising Household Debt

The Australian Prudential Regulation Authority (APRA) has increased the serviceability buffer in response to concerns around rising household debt levels throughout the nation; advising authorised lenders that when assessing a new borrower’s ability to service their loan payments to work on an interest rate at least 3% higher than the current product loan rate. The previous buffer in place was 2.5%.

APRA Chair Wayne Byres said that whilst they have strong … Read the full post »

Regional Markets, Post-Stimulus

Analysis by BIS Oxford Economics, Australia’s leading economic and industry forecaster, predicts that Australia’s regional property market will continue its strong growth into 2023, despite government stimulus packages being withdrawn.

Their research suggests that despite incoming bumps to dwelling supply due to government stimulus money and changing consumer preferences, regional markets are expected to remain tight.

Data released by Domain showed regional areas have outperformed over the last 12 months, with the … Read the full post »