House Prices

The ASX Soars to a New 100-Day High Amidst Favourable Inflation Statistics Your Content Goes Here The Australian financial market has recently witnessed an impressive surge, setting a new 100-day high. As the leading financial index of the Australian share market, the S&P/ASX200 closed up by 0.85%, reaching an impressive 7402.00 points. This boost comes after the Australian Bureau of Statistics reported a decrease in the consumer price index, revealing a 6% inflation rate for the year to June. Although the market surge is a remarkable event, understanding its significance requires a basic understanding of the terms [...]

Australian House Prices Are Experiencing the Fastest Falling Rate in Over 40 Years Your Content Goes Here Housing values are currently falling at a rate that they haven’t in over 40 years. This is now occurring in all Australian capital cities except for Darwin. Such fast falling rates have not been seen since the 1980s. Although a sudden growth period took the housing values up by 29%, they are now falling. The values reached their peak in April. Then, in the whole country, they decreased by 3.5%. The CoreLogic hasn’t seen something like this since the recession [...]