Understanding the level of vendor discounting in an area is important as it can help you determine the level of demand for property in the area.

When the time comes to sell your property, most vendors are hoping to achieve the very best price. While some sellers might be looking for a quick sale for any number of reasons, if you’re wanting to maximise the sale price, the most effective way to do it is often by taking your property to auction. There are a number of benefits to auctioning your property:

Australian house prices officially grew by 13.5% over the past 12 months, making it the biggest annual gain we’ve seen since 2004.

When it comes to investing in real estate, there are a number of tough decisions which need to be made. Like all decisions, each option will come with its own advantages and disadvantages. One of the biggest decisions you will make as an investor, is choosing whether the type of property you want to invest in: a house, or a unit, or perhaps even a townhouse.

Investing in property is a great way to build wealth. However, there can be some drawbacks when getting started as both money and the ability to borrow are needed.

While some make it look easy, getting into the property market can be an incredibly daunting task. To remind you of the benefits of purchasing real estate, and get you feeling excited about your potential purchase, we have compiled a list of inspiring quotes from some of the best in the business...

Full minutes of the meeting follow.

House prices across the country have continued to boom in May, with the latest data showing values increased by 2.2% and 10.6% annually.

International economic development Members commenced their discussion of international economic developments by noting that the global outlook had improved, and risks had become more balanced, because of progress in vaccinations and the provision of additional fiscal support. Growth in the global economy was expected to rebound solidly in both the current and the following year. Even so, the global recovery remained uneven. Output remained well below pre-pandemic levels in a number of countries because of recurring outbreaks of COVID-19, and in some emerging market economies, where financial conditions had tightened, there was limited scope for ongoing large-scale fiscal support. The level of output was expected to remain below its pre-pandemic trajectory in many economies over the forecast period, with the United States and China notable exceptions.

It was said to be one of the most important budgets in Australia’s history, but as is often the case, there wasn’t a lot on offer for property investors. However, as we’ve seen over the past 12 months, there continues to be a large focus on helping first home buyers get into the property market.

While the pace of house price growth might be slowing, property markets are clearly still in a strong bull market.

Policy actions during COVID The Reserve Bank of Australia (RBA) has taken a number of complementary policy actions to support the Australian economy since the onset of COVID. The RBA has lowered its policy interest rate to near zero, set a target for the 3-year government bond yield, enhanced its forward guidance, commenced a program of purchasing government bonds and provided long-term low-cost funding to the banking system. I will explain each of these actions in more detail shortly.

The Chart Pack summarises macroeconomic and financial market trends in Australia and provides some information about developments for our main trading partners. The graphs in the Chart Pack are updated monthly.

One of the reasons residential real estate is one of the best investment vehicles available to Australians is because of leverage.

Over the past 12 months, we’ve started to see a lot more interest in both buying and selling property off-market.