Property News and Updates
Keep up with the latest property market news and recent events.
Aussie Rate Radar : June Update
The Reserve Bank of Australia's (RBA) decision to hold its key interest rate at 4.35% for the fifth consecutive meeting offers both relief and concern for Australian homeowners. While the pause in rate hikes provides some breathing room, the threat of persistent inflation and potential future increases casts a shadow over the financial outlook.
Published: 17 June 2024
Sydney’s Rent Rage: June Update.
Sydney's rental market is in crisis, with vacancy rates plummeting and rents soaring. This housing squeeze, years in the making, has hit a tipping point due to recent economic shifts. A severe shortage of rental properties has left renters scrambling and prices climbing. To navigate this crisis, we must understand its causes and find sustainable solutions
Published: 14 June 2024
Sydney Property Pulse Update : June Update.
As we delve into Sydney's current rental market, a sobering reality emerges: the city is grappling with a severe rental crisis. Plummeting vacancy rates, skyrocketing rents, and dwindling rental property supply paint a stark picture of a market under immense pressure. This perfect storm, brewing for years, has been exacerbated by recent economic trends and shifts. Understanding this crisis requires a deep dive into the factors driving this scarcity and the urgent need for sustainable solutions.
Published: 16 June 2024.
Glens into the Future: Sydney’s Construction Shortfall.
As Sydney faces a critical housing shortage, the federal government's ambitious plan to build 1.2 million homes in the next five years stands as a beacon of hope. However, recent data from the Australian Bureau of Statistics reveals a worrying decline in housing approvals, casting doubt on the feasibility of this target. High interest rates, supply chain issues, and zoning complications are major hurdles in this endeavor.
Published: 12 March 2024