In our very first episode, Dr Andrew Wilson Domain's Chief Economist will be providing us with a brief market update. We also discuss some of the Pros & Cons of Granny Flats, investing in off the plan properties and then finally a quick update on this month’s cash rate announcement.
Cotality’s national Home Value Index climbed 0.7% in August—the largest monthly increase since May last year—lifting the annual growth rate to 4.1% for a second consecutive monthly gain.
At its meeting today, the Board decided to lower the cash rate target by 25 basis points to 3.60 per cent.
National dwelling values increased by 0.6% in July, maintaining the pace of growth seen in the previous two months, based on CoreLogic’s latest Home Value Index. This represents the sixth consecutive month of growth, coinciding with the initial rate reduction implemented in February.
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