The skyrocketing price of petrol – despite the federal government giving up 22c a litre in fuel tax to ease our economic pain – has increased the interest in purchasing one of the many electric vehicles (EVs) coming on to the market in Australia. However, despite the gains, sales of EVs still remain low, with…
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Australians have been warned of fast-rising building and renovation costs and urged to re-evaluate their insurance coverage as near double-digit inflation strikes the building industry. Construction costs jumped 9% in the year to March, according to the latest figures from CoreLogic, a leading real estate researcher. This is the steepest jump in building material costs…
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The economy continues to go from strength to strength across every sector monitored by the Australian Bureau of Statistics (ABS). Business revenue turnover in February increased in all 13 industries studied by the ABS, providing evidence that the economy is returning to pre-COVID levels. The result is promising for economic confidence as Australia also continues…
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Applying for a home loan can be a confronting experience, whether you’re a first-time buyer or even if you’ve purchased before. There are a lot of moving parts and the very real prospect that your loan can be rejected if there are errors in your application. As mortgage brokers, we help clients navigate the labyrinth…
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The big four banks are all now predicting the cash rate will start rising as early as June with some economists predicting the official rate could go as high as 3% over the next few years. The cash rate is a number the Reserve Bank of Australia sets that indicates the interest that banks or…
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A softening in real estate prices amid speculation of an imminent interest rate rise has caused property listings to fall according to Ray White Chief Economist, Nerida Conisbee. A total 11,000 fewer homes were for sale in the March quarter than in the corresponding period last year. “Sellers are no longer so keen to go…
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Industry experts are forecasting a slowdown in house sales and the number of properties coming onto the market across the six-week federal election campaign, in which housing affordability and rent prices are becoming hot topics. History shows Australians are usually reluctant to sell or rent during a campaign, but their confidence in the market remains…
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Supply chain problems and price increases caused by the pandemic have impacted most of our daily lives. We’re feeling the effects in many areas, but especially in the cost of our groceries and fuel. So, it shouldn’t be a surprise to discover that three-quarters of the companies surveyed by the Australian Bureau of Statistics (ABS)…
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Australians are buying 57 more vehicles each day compared to last year, according to the latest data from the Federal Chamber of Automotive Industries (FCAI). Overall, 85,340 vehicles were sold in February, a year-on-year increase of 1.6%, or 56.8 vehicles more every day. Toyota was the market leader in February 2022 with 20,886 vehicles sold.…
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Good news on the unemployment front keeps coming, demonstrating Australia’s economic resilience. The seasonally adjusted unemployment rate for February is just 4% – a fall of 0.2% on the January number, according to the Australian Bureau of Statistics (ABS). It’s the lowest figure since August 2008 and only the third time unemployment has been 4%…
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