There has been lots of talk in the media over the last few weeks and months around both the Australian economy and property market. This seems to be a story of contrasts – the economy slowing down with talk of the property market being too hot, especially in Melbourne and Sydney.
The federal treasurer, Joe Hockey, will unveil the federal budget for the coming four years on 13 May. The general consensus is that this will be a tough budget, with the federal government to soon release it’s report from the commission of audit, searching for savings in government spending.
It is also widely tipped that the Reserve Bank of New Zealand will raise official interest rates this week, for the second time in the last few months. Most economists feel Australia has reached their low point in rates, with the Reserve Bank of Australia’s next move in the upwards direction.
The key questions over the next few weeks and months: When are interest rates set to rise? What is the outlook in the budget over the coming four years? Where will the government target their spending cuts?
We’ll keep you updated on all property and real estate specific news as we learn more.
Interest rate cuts now unlikely before second half 2026 as services inflation proves stubborn. Rents, utilities and insurance continue rising, limiting RBA easing despite broader economic slowdown and household spending weakness. Expectations of interest rate relief in 2026 are becoming less likely as inflation continues to show signs of persistence. … Read more
The 2019-2020 Black Summer bushfires impacted Mallacoota severely, but house prices recovered within years. Other disaster-affected communities haven’t bounced back the same way. The difference isn’t just about the disaster itself. Natural disasters can lead to very different property market outcomes. Some locations recover and go on to perform strongly, … Read more