Preface Housing prices soared again, and “economically affordable housing” grew the fastest. There are indeed many factors at play, which is not surprising. The market instability caused by COVID-19 is driving asset acquisitions-real estate is a classic port in investor storms. Interest rates are at their lowest point in history and may remain in this…
In the past year, as families and retirees replaced European holidays with new houses, housing prices in Australian towns and coastal areas soared, but this caused a housing crisis in a certain part of Queensland. CoreLogic’s data shows that because the new crown epidemic cuts off the possibility of overseas travel, working at home makes…
The latest analysis by financial services company Canstar shows that personal credit card interest rates will only be lowered 15 times in 2020, and the average credit card interest rate will only drop slightly by 0.03%. Although RBA’s official cash rate has fallen from 0.75% to a record low of 0.1% in the past year.…
CoreLogic’s new data shows that as of January 10, the total number of houses for sale in Australian capital cities fell by nearly 18% year-on-year to close to 66,000. New listings (houses that had not previously advertised for sale within 75 days) increased by nearly 11% to close to 9,000. But this is almost entirely…