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economy

Rents Rising

Posted on by Laze Spasevski
Rents Rising
New analysis has revealed two big reasons why rents, which are already rising steeply, are set to continue increasing. First, the number of properties listed for rent is much lower than pre-pandemic, in both capital cities and regional areas, according to PropTrack economist Angus Moore. So supply has fallen. Second, Australian Bureau of Statistics data show a significant increase in mig...
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Homebuilding Activity At Record Highs, But Future Volume Will Be Much Lower

Posted on by Laze Spasevski
Homebuilding activity is at a record high, but this trend has definitely reversed. A record 143,037 new house builds were started in the year to March, according to the most recent data from the Australian Bureau of Statistics. However, when observing the trnd of completed houses vs commenced houses, we can see that they are heading in opposite directions. This suggests that while existing buil...
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Australia’s Economy Gets Big Tick

Posted on by Laze Spasevski
Australia's economy is officially one of the strongest in the world. That’s after Moody’s affirmed Australia’s AAA credit rating, making Australia one of only nine countries in the world to have a AAA credit rating with the three major ratings agencies. "Australia's economy continues to demonstrate resilience, underpinned by its scale, diversity and high incomes, as well as its highly fl...
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