Market Wrap - 8 April 2021

Market Wrap - 8 April 2021
  • Interest Rates on hold despite booming house prices. The RBA have stood firm on record low interest rates at the April 2021 cash rate meeting, nothing that house prices are continuing to soar across across the nation. Read more here.

 

  • How is your deposit savings going and will it be enough? Potential home buyers who have spent the summer searching for a property would need to save thousands of dollars extra every week in deposit money to keep pace with soaring home prices. Find out more here.

 

  • The number of property listings on the market slumped in the run-up to Easter. Dwindling stock levels across the country may lead to higher results for vendors as demand continues to outpace supply. Read the full article.

 

  • Inner-city rental markets stabilising in Sydney and Melbourne as restrictions ease. Sydney and Melbourne’s inner-city rental markets are starting to recover after months of falling rents and surging vacancies due to closed international borders and restrictions hitting CBDs. Read more here.

 

  • Australian homeowners are feeling more confident about selling their properties in a red-hot housing market as the COVID-19 situation improves. Realestate.com.au director of economic research Cameron Kusher said a lot of people decided not to sell last year, but that was now changing as the coronavirus situation improved and the economy recovered. Find out more here.