In this episode, we discuss the strategy of using Cash Flow Positive Properties. We chat to Dr Nicola Powell of the Domain Group who will be providing us with a house and unit update across major markets. We also talk to James Lawrence who provides us with some useful information and tips for those that are looking at home renovations.
Cotality’s national Home Value Index (HVI) fell 0.4% in June, the largest monthly decline since December 2022, led by drops in Sydney (‑1.2%), Melbourne (‑1.0%) and the ACT (‑0.6%).
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent.
Cotality’s national Home Value Index held steady in May, signalling a further loss of momentum across most housing markets. Beneath the flat national result, Sydney and Melbourne are leading the downturn, with dwelling values declining 0.9% and 0.8% respectively over the month, and now sitting 2.1% and 2.9% below their cyclical peaks in November last year. The ACT also recorded a modest fall, with values down 0.2% in May.
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