Average Aussie home hits $686,700

THE value of residential real estate is almost $7 trillion, with the average Aussie home now worth $686,700, official data out today showed. The total value of Australia’s 10 million residential dwellings increased $92.9 billion during the December quarter to hit $6.9...

Zoning Driving up Brisbane Property Prices…

So-called “NIMBYism” is stunting the growth of Australian cities and driving property prices up, according to a new report from the Reserve Bank of Australia. The RBA has reignited the housing affordability debate with its findings, which basically state that council...

Interest Rates Stay on Hold at Record Low

Homeowners can breathe a sigh of relief today, with the Reserve Bank of Australia deciding to keep the official cash rate on hold at 1.5% at its monthly monetary policy meeting. Earlier this year, economists were tipping a rate hike in the second half of 2018, but...