Corelogic Research News Today

Cash rate kept steady amid lower inflation forecast

All passengers aboard a Japan Airlines plane escape alive after a collision with a Coast Guard aircraft which killed five; Severe weather risks and recovery efforts continue across the country's east coast; Coco Gauff and Novak Djokovic claim victories as the tennis season heats up.

Australian home prices rose last year, a significant turnaround from the 5% dip seen in 2022, but interest rate hikes and persistent cost of living pressures have somewhat slowed the pace of growth... -January 01, 2024 at 08:01 am EST - MarketScreener

SYDNEY (Reuters) - Australian home prices rose last year, a significant turnaround from the 5% dip seen in 2022, but interest rate hikes and persisten...

Whatever happens to interest rates next year, finance costs are not returning to pandemic lows. That’s a big burden for investors, developers and contractors, as well as home buyers and owners in mortgage stress.

The Reserve Bank has raised the cash rate again by 25 basis points to 4.35 per cent just before Christmas, adding nearly $80 extra a month to repayments for a $500,000 mortgage.

Archistar, Blackfort and Corelogic have identified 655,000 potential sites in Sydney, Melbourne and Brisbane for granny flat development

New analysis of all residential properties across Australia’s three largest capitals has identified more than 655,000 sites suitable for the construction of a granny flat, offering a solution to help ease the housing shortage. The inaugural report ...

  - The analysis, using proprietary AI and data analytics, assessed every residential block across Sydney, Melbourne and Brisbane to determine how many properties have building potential for an additional self-contained two-bedroom unit.- In addition

Business Scoop provides news and views on Business and Markets from New Zealand