Auction Clearance rate October 2023 in Sydney saw the average clearance rate for the month come in at 62% with a total of 2,281 properties sold out of the 3,678 reported. The clearance rate was down on the September 2023 clearance rate of 65%. Interest Rates The Reserve Bank of Australian Board increased the […]

  Auction Clearance rate September 2023 in Sydney saw the average clearance rate for the month come in at 65% with a total of 1,584 properties sold out of the 2,420 reported. The clearance rate was down on the August 2023 clearance rate of 72%. Migration  Statistics The Australian Bureau of Statistics recently released the

Australians have for a long time wanted to own their own little bit of the continent but this is becoming an unachievable dream as home affordability has deteriorated to levels not seen previously. The gap between those that own their own property and those that don’t is growing and is getting larger. This gap is

On Tuesday 4 July the Reserve Bank of Australia Board met and decided to leave the cash rate on hold at 4.1%. As in previous months the comment on the press release from the Governor of the Bank has said “Some further tightening of monetary policy may be required to ensure that inflation returns to

Introduction The Australian rental market has been a subject of intense debate and discussion in recent years, particularly with regard to the issue of rental freezes. A rental freeze refers to a temporary halt on increasing rental prices, typically implemented by government intervention. Proponents argue that it helps protect tenants from excessive rent hikes, while

On the 2nd May 2023 the Reserve Bank increased the cash rate by another .25% which took the cash rate to 3.85%. Very soon after this announcement the four major banks increased their interest rates. Today 16 May 2023 the Bank released the minutes from their meeting on the 2nd May 2023 and this tells us a