Latest Finance News

Australia’s economic resurgence is underway

Australia’s economy is poised to grow strongly next year as lockdowns end and borders reopen, with the Reserve Bank of Australia predicting a sharp rebound. The RBA, in its most recent quarterly statement on monetary policy, said the recent lockdowns in Melbourne, Sydney and other parts of the country had...

How to get ahead in a hot property market

The Australian property market is undeniably hot, with housing values increasing by another 1.5% in September, according to CoreLogic.  That rise means national values have grown by 17.6% over 2021 alone. And when compared to the same time last year, prices are up by a stunning 20.3% – the fastest annual...

NAB Commercial Property Survey

There’s a mix of both bad and good news in the latest NAB Commercial Property Survey.On the downside, Victoria’s office vacancy rate has more than doubled to 10.9% in Q2 from the 4% recorded at the end of March last year. The vacancy rate is excepted to ease somewhat over...

Suburbs that are cheaper to buy than rent

Sometimes, when you’re a first home buyer, it’s cheaper to buy than rent.  In other words, if you were to buy a property in the suburb where you were currently living, the monthly mortgage repayments would be less than your current monthly rent. NAB has identified a series of Melbourne...

Melbourne property prices

Melbourne property prices increased by another 1.3% in July, according to CoreLogic. That latest rise takes the median value to $762,068 – 10.4% higher than the same time last year. However, there are signs the booming market is losing steam with the national monthly growth rate trending lower since March....