CBA, Westpac, NAB, ANZ say RBA will hold rate hike until May
All four big banks are forecasting another cash rate rise in May, with ANZ the last to lock in a hike that would come just a week before the federal budget. Click here to view:
Home values have remained resilient to higher interest rates this year, and this continued in November with prices continuing to lift and hitting fresh record highs in many markets, although the pace of growth has slowed due to the increase in properties coming to market.
Earlier this year national home prices reclaimed 2022’s price falls in their entirety, with the upswing continuing in November as national home prices climbed 0.22% month-on-month to set another fresh record, bringing them up 5.53% so far this year and 1.29% above their previous peak recorded in March 2022.
All four big banks are forecasting another cash rate rise in May, with ANZ the last to lock in a hike that would come just a week before the federal budget. Click here to view:
Australia’s rental market has offered a glimmer of hope for beleaguered tenants, with the number of vacant properties nationally reaching its highest level since February 2022. Click here to view: