The policies shaping our future
Stark warning from the Property Council after another set of statistics showed a second month a row decline in approvals.
Victoria's second city takes first place among movers, as net migration to regional Australia climbs 40 per cent above pre-Covid levels.
Australia's economic momentum remains fragile with unseasonably warm weather and consumer concern contributing to weaker retail sales.
Homes going under the hammer are at busiest level since before Easter - with 2,816 auctions scheduled this week.
Expectations of further cuts on the horizon point towards increases in new home sales in the months ahead, housing industry economist says.
Cash rate has a three in front the first time in two years, after the RBA cut interest rates by 25 basis points. But was the 112 times Michele Bullock mentioned "uncertain" a more important number.
The official cash rate has a three in front of it for the first time in two years, after the Reserve Bank cut interest rates by 25 basis points, as expected.
BoQ chief economist Peter Monckton thinks a series of substantial cuts are likely this year – taking the cash rate to 3.1 per cent.
While only NAB’s chief economist Sally Auld wrongly predicted a 0.5 per cent cut to the cash rate this week, most analysts agree there will be a significant drop this year.
The Victoria capital outpaced other states in auction activity and clearance rates as buyers rushed to market ahead of a widely anticipated rate cut.
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