Rowan Crosby

192 posts
Rowan Crosby is a business journalist specialising in finance, economics and real estate.

Australian auction clearance rates still holding above 70%

Preliminary clearance rates have been slowly declining as the RBA hikes rates, but are still above 70%, according to CoreLogic

WA’s property market shows resilience as demand remains strong

The state continues to buck negative trends seen elsewhere in the country

Recent borrowers forced to spend half their income on repayments

Borrowers in extreme mortgage stress is likely to rise if the RBA takes the cash rate up to 4.6% according to new analysis

Australia’s million dollar club shrinks amidst market slowdown

250 suburbs have tumbled out of the million-dollar club as higher rates drag down values across the country

Australian real estate listings rise slightly but conditions are still tight

Choice for buyers is slowly improving but new listings are still tight according to a new report from PropTrack

Bidders return to auction markets despite rising rates

Clearance rates are nearing 70% led by a strong pool of buyers who have been out in force despite rising rates

Australian developers urged to prioritise environmentally friendly building

Developers are too focused on cutting costs and should be making apartments more energy efficent according to new research

Auction clearance rates reach 77% as prices keep rising

Auction activity is surging and prices are rising as buyer are keen to get into the market despite higher interest rates

One in two mortgage holders have made drastic changes as rates rise

Borrowers are being forced to increase their loan term, cut out extra repayments and more to deal with the ongoing rate hikes

Australian real estate market sees auction clearance rates surge to 17-month high

Buyers are returning to the auction market in force with new data showing clearance rates have hit a 17-month high

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