Domain’s Property Price Forecasts – February 2020
Property prices should grow strongly in most Australian capital cities over the next two years, with low interest rates and the expectation that interest rates will remain low for an extended period the key driver of rising prices.
RBA keeps rates on hold but should cut rates again soon
The Reserve Bank has kept the official interest rate unchanged at 0.75 per cent at its first meeting of 2020.? But this is just a pause in the rate-cutting cycle that began last June. To boost the economy and push the unemployment rate down the RBA needs to cut the cash rate further.
Perth continues to tighten, Melbourne and Hobart ease
Hobart's rental vacancy rises but remains very low. Melbourne's vacancy rate rises over the year while Perth continues to fall.
Australia’s property market will see big changes in the 2020s
Seven major trends will shape the Australian property market in the 2020s. Here's what they are.
Five key driving forces behind the property market in the 2010s
Soaring house prices and a sharp correction made for a turbulent decade, particularly on the back of rising population, historically low interest rates and the end of the mining boom. Here's what moved property prices.
Perth's rental market tightens, Sydney and Melbourne steady
Perth's rental vacancy rate continues to decline, Sydney and Melbourne remain steady and Hobart is in a rental affordability crisis.
Melbourne auction report card: November 2019
Clearance rates have continued to improve compared to last year and have held relatively steady for the past four months. November's 68 per cent was marginally down 0.2 percentage points on last months revised figure, however it was the strongest November result in three years.
Sydney auction report card: November 2019
Clearance rates have continued to nudge higher over the year, peaking at 72.8 per cent in November – the strongest since April 2017 and the highest November result in three years
Here's why the RBA needs to cut interest rates in 2020
The Reserve Bank kept its official interest rate on hold at 0.75 per cent at its final meeting for 2019, but it's almost certain there will be cuts in early 2020. Here's why.
These are the areas where Sydney and Melbourne's prices have recovered the most
Sydney and Melbourne property markets have rebounded at an astonishing rate over the past few months, but price gains have not been uniform.