Will be the last rate rise?
Last week witnessed a 25-basis-point increase in the cash rate to 4.35%, marking the first such rise in five months. The Reserve Bank of Australia (RBA) took this step to address ongoing concerns about inflation. The decision, raising the cash rate to a 12-year high, reflects the RBA's 13th rate increase since May 2022. Newly appointed Governor Michele Bullock and the board had previously s...
June 7th interest rate rise by .25 basis points, how will this impact the market ?
On Tuesday 7th June, the RBA made the decision to increase the official cash rate by .25 basis points bringing the cash rate to 4.1%. This decision was primarily driven by the bank's objectives of managing inflation and maintaining financial stability. While this increase may seem like a minor adjustment, it can have far-reaching implications, particularly in the property market. One o...
Selling during a slowing market
If you're planning to sell your house, choosing the right real estate agent is critical to ensuring a smooth and successful sale. However, not all agents are created equal, and if your home doesn't sell within the first 100 days, it may be time to consider using another agent. Here's why: First Impressions are Crucial When your home hits the market, it's essential to create a buzz and gen...
Preparing your home in a challenging market
Coxwell Kerr Property Shares Expert Tips for Preparing Your Home to Sell in a Competitive Buyer’s Market BELLARINE PENINSULA, VICTORIA - In today's challenging real estate market, sellers are finding themselves facing tough competition from other sellers in the same boat. With buyers being more cautious and careful than ever before, it's becoming increasingly important for sellers to prepar...
Why we live and invest in the Bellarine Peninsula.
The Bellarine Peninsula is a picturesque peninsula located in the state of Victoria, Australia. Known for its beautiful beaches, serene countryside, and vibrant local communities, the Bellarine Peninsula is quickly becoming one of the most sought after places to live and invest in property. Whether you are a first-time home buyer, a seasoned investor, or simply looking for a change of pace, the...
Why is the RBA raising interest rates
Interest rates are one of the key tools used by governments to regulate economic activity and manage inflation. When the economy is growing too rapidly and prices are rising too quickly, the government may raise interest rates to slow down spending and curb inflation. In this article, we will examine the reasons why the government raises interest rates to curb inflation and the impact it has on...
50 Basis point lift
Commentary leading up to the RBA monthly board meetings has pivoted from if interest rates will rise to how much interest rates will rise. Most forecasts were leaning towards a 50 basis point lift in the cash rate, and that is exactly what the RBA delivered, along with further commentary focussed on high inflation, which the RBA expects will peak later this year. The latest 50 basis point...
Regional property relationships in 2022
Australia’s relationship with the regions; eternal love or fleeting affair? More space, flexible working conditions and affordability has successfully tempted property buyers to Australia’s regional areas, fuelling a surge in property values and drastically reducing selling ti CoreLogic’s quarterly Regional Market Update, released today, shows Australia’s 25 largest ...
Getting ready to sell in 2022: what you need to know
After a year of unprecedented price growth, all signs point to a strong start to the year in 2022. But for those looking to sell, you need the best possible advice before you list your home.We’ve pulled together some key information which should help you to navigate the process more easily. Market forecast First of all, what’s happening in the market?Driven by extensive gover...