
Wait, why are house prices falling in Melbourne?
Property values tend to ebb and flow with market conditions. Home loan interest rates, average incomes, and buyer confidence can all change prices.

Property values tend to ebb and flow with market conditions. Home loan interest rates, average incomes, and buyer confidence can all change prices.

We live in a high price world in 2024. Everything seems to be more expensive the past couple of years - be it milk, bread, meat, furniture, clothing, shoes, household energy, and yes, housing.
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In a surprising turn of events, South Australia (SA) has topped Commsec's state-based economic report, a first in its 15-year history. Victoria, the previous leader, now ties with NSW in second place.

Finding a top home loan has never been more important, as the 'asking prices' for houses in major cities such as Sydney appear to be rising.

Reading the property market is like reading tea leaves. But perhaps the leaves are onto something this month. Things seem to have shifted.

Another year, another look at the Reserve Bank of Australia (RBA). The last two years have seen a crusade against inflation from the central bank, adding 4.25% to the cash rate between May 2022 and December 2023.
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In the wake of Tropical Cyclone Kirrily's impact on North Queensland, Commonwealth Bank is stepping up with a vital Emergency Assistance package for those in the affected communities.

The Australian property market has fully recovered from the 2022 downturn, reports Domain.

The 'Bank of Mum and Dad' really took off in 2021, when the data showed spiking property prices were being met with a significant financial boost from Aussie parents.

First home buyer activity roared back to life by the end of 2023, after a comparatively slow start to the year, and a 2022 riddled with aggressive cash rate hikes and rising inflation.