Several readers asked us last week how high interest rates could rise. Well, who knows? And, as I replied to several folk, ‘how high’ is determined by your lived experience.
Here’s my two bob’s worth ahead of yet another May Federal budget. Over the past 25 years, Australians have heavily invested in housing.
Measurement. Part 3 – Again, it’s important to understand what’s being measured.
No rate change today. Yet the yield curve suggests that we are at the bottom of the official interest rate cycle, for now, and the next move is most likely up.
Yawn. Yes, reading about tax stuff is, well…like watching paint dry. No, much worse. So, I will keep this short and sweet.
I keep on reading about falling household sizes. More and more of us, apparently, are living alone. True, many of us might be lonely but living solo. I wonder.
Strong lift in house sales. Attached dwelling sales now falling. House values are still rising, with attached values now falling. The median house sale value is $513,000 and the median attached dwelling sale value is $399,000
Sales volumes continue to rise. Both house and attached dwellings values are rising. The median house sale value is $770,000 and the median attached dwelling sale value is $564,000
Sales volumes are now falling. Both house and attached dwellings values are rising. The median house sale value is $1,134,000 and the median attached dwelling sale value is $720,000.
A couple of weeks back the OECD poked a stick at us. Again. You know the drill – high/growing debt; limited housing affordability; exposed banking sector…