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inflation

RBA Reveals Positive Mortgage Data

Posted on by Laze Spasevski
RBA Reveals Positive Mortgage Data
The Reserve Bank of Australia (RBA) reveals that “there is positive mortgage data for a vast majority of borrowers. That means, borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank's latest Financial Stability Review. Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mo...
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How Housing Has Changed Since Covid

Posted on by Laze Spasevski
How prices, rents and rates have changed over the past five years
Five years on from the start of the covid-19 pandemic, the property market is in a very different place, reflecting how housing has changed since covid. When the pandemic started, some banks predicted a crash in property prices. Instead, the national median price fell just 1.7%, before rebounding. By March 2025, the national median was 38.4% higher than in March 2020, according to CoreLogic...
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How Inflation is Affecting the Economy

Posted on by Laze Spasevski
Prices soaring for some items, declining for others
The national inflation rate in January was a moderate 2.5% but prices are changing at different rates and are affecting different parts of the economy, according to the Australian Bureau of Statistics. On the high side, prices increased by 6.5% year-on-year for education, 6.4% for alcohol & tobacco and 5.3% for insurance & financial services. On the low side, prices rose only 0.9...
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Wages Increased 0.8% in the March Quarter

Posted on by Laze Spasevski
The wages of the average Australian worker increased 0.8% in the March quarter. This takes annual wages growth to 4.1%, according to the Australian Bureau of Statistics. The industries with the biggest annual increases in wages were: Health care & social assistance: 5.3% Electricity, gas, water & waste services: 4.4% Retail trade: 4.4% Transport, postal & warehousi...
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Homebuilding Costs Increased by 40%

Posted on by Laze Spasevski
  Homebuilding costs have increased by nearly 40% since late 2019, according to a speech by Reserve Bank assistant governor Sarah Hunter. Meanwhile, general inflation (referred to as headline CPI in the graph) has been less than 20%. So why have residential construction costs grown twice as fast? Ms Hunter said one reason is that building materials and labour have “risen sharply” si...
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Unemployment stayed at 3.5%

Posted on by Laze Spasevski
Unemployment stayed at 3.5%
Australia’s unemployment rate has stayed at 3.5% in March. It now had a ‘3’ in front of it for 13 consecutive months. Since February 2022, unemployment has ranged between 3.4% and 3.9%. In March 2023, it held steady at 3.5% for the second consecutive month, according to the Australian Bureau of Statistics. In line with the increase in employment, female participation rates surged to a re...
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Home Loan Refinancing Surged

Posted on by Laze Spasevski
The home loan refinancing boom, which has lasted for two years and counting, surged to record levels. Refinancing activity has dramatically increased during that time from $13.7 billion worth in February 2021 to $16.2 billion in February 2022 and, now, according to the latest Australian Bureau of Statistics data, a record $19.9 billion in February 2023. The refinancing surge started ...
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Good News For First-time Home Buyers

Posted on by Laze Spasevski
There is good news for first-time home buyers as research from Domain shows that over the past year, it’s become significantly easier to save a 20% house deposit. In order to become homeowners, first-time home buyers must overcome 2 significant financial obstacles. They need to save for a lump sum deposit and they need to keep up with the monthly mortgage repayments. February 2022 data show...
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Property Prices Set To Rise

Posted on by Laze Spasevski
New data from CoreLogic suggests property prices are set to rise. With that said, we might be near the end of the housing downturn. While Australia’s median property price fell 0.1% during February, values then rose in some markets in the four weeks to March 15: Sydney – up 0.8% Melbourne – up 0.2% Perth – up 0.1% Brisbane – unchanged Adelaide – down 0.4% Tim Lawless...
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Inflation Expected To Fall In 2023

Posted on by Laze Spasevski
While inflation continues to be worryingly high, it may have peaked and is expected to fall in 2023. The Australian Bureau of Statistics’ latest data shows that inflation rose from 6.9% in October to 7.3% in November. In early December, the Reserve Bank of Australia (RBA) forecast that inflation would "peak at around 8%" in December. If that’s the case, inflation may already be coolin...
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