What’s ahead for the 2024 property market and beyond?
Experts in economics, politics, property councils, as well as the big four banks all outline their 2024 property market predictions, and what to expect deeper into the future. The Organisation for Economic Co-operation and Development (OECD) updated its world economic outlook and forecast the RBAs 13th rate rise to 4.35 per cent would probably be […]
Property market focus: Peace, tranquillity, and opportunity
Explore the hottest suburbs, the surge in first-home buyers, and the factors shaping the November 2023 real estate landscape by taking a property market focus on New South Wales, Victoria, and Queensland. See below the breakdown for each respective State throughout November: NSW A cluster of suburbs less than hour’s drive northwest of Sydney’s CBD […]
Unpacking the RBA inflation strategy
After a year punctuated by hikes, the Reserve Bank of Australia (RBA) held the official home loan cash rate at 4.35 per cent on December 5. The pause was touted as an early Christmas present, despite the rate now at a 12-year high as part of the 2023 RBA strategy. RBA governor Michele Bullock (pictured) […]
Property market stabilising in key regions
Analysts are forecasting property prices will not keep rising as quickly this year (2024) as the property market stabalising appears to be occurring in key regions. CoreLogic reported the median national property price is at a record high of $753,654, although it is far higher in Sydney at more than $1.2 million. The property market […]
The breakdown: 2023 property market by geography
Analysing the 2023 property market by geography reveals stark differences in performance among major cities, regional areas and major areas for upcoming growth. It reveals cities like Perth, experiencing record-high prices with a 12.76 per cent surge, contrasting with Hobart’s decline of 6.63 per cent. While Adelaide and Sydney show robust growth, Melbourne lags behind, […]
<strong>2023 big moments in the property sector</strong>
It was a year of 2023 big movements in the property sector with everything from interest rates to housing prices to housing affordability seeing an upward trend nationally. In a bid to curb worrying inflation, 2023 saw the Reserve Bank of Australia raise rates five times, increasing the February, March, May, June and November cash […]
The Burning Question: UK property sales hit by Cyber Attack
A UK property cyberattack on a major UK legal managed services company in late November brought property sales to a standstill for up to 200 real estate agencies. While there was no evidence that clients’ personal data has been compromised, the disruption has destabilised the market and caused reputational damage to the company, CTS. The […]
UK property sales hit by Cyber Attack: Is Australia at risk?
Published by cyberdaily.au: UK cyber attack shuts down hundreds of UK realtors and lawyers Media Release – November 28, 2023 A cyber-attack on a major UK legal managed services company brought property sales to a standstill for up to 200 real estate agencies since last week. While there was no evidence that clients’ personal data has been […]
Australian property market: Sydney’s west wins, while Victorians turn to heart of CBD
The Australian property market continues to thrive across all east coast States in November. According to triSearch property data from October indicates Sydney’s western suburbs continue to show purchaser trends, Victorians seek to square up property in hot suburbs around the Melbourne CBD, while Queensland property investors push to popular holiday destinations. The west was […]
5 ways to find the perfect transaction partner
A successful and smooth property sales transaction is the result of forming a perfect transaction partner with numerous professional stakeholders working in harmony and in the best interests of vendors and buyers. It’s the engine room that navigates the required detail of title searches and legal obligations that support the often-emotional element of a real […]
