Rockfeather Group

04/07/2023

RBA holds cash rate at 4.10%

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06/06/2023

Following a surprise increase last month, the Reserve Bank of Australia (RBA) today again decided to increase the official cash rate by 0.25%. The decision to lift the official cash rate to 4.10% was promoted by the April Consumer Price Index increasing from 6.3% to 6.8% and concerns around the...

01/06/2023

29/05/2023

Motivational Monday

14/05/2023

Happy Mothers Day Robert spent time away from the computer. I think cleaning the house is his new love 💚

11/05/2023

Feeling disappointed the budget has not addressed the housing crisis.
Calling for changes in planning.

While the federal budget acknowledged “rising housing pressures”, new measures to address supply constraints were slim, property experts warned. The federal Treasurer Jim Chalmers delivered his

04/05/2023

Tired of the media and governments continually demonising landlords and property investors as they leave the market. Landlords and Property Investors are not responsible for the current housing crisis.
Further rental pressure expected:
Given the imbalance between supply and demand, Ms Ezzy warned it is unlikely there will be much relief for renters over the short to medium term with stock levels unlikely to increase substantially anytime soon and little financial incentive for investors to enter the market.
“While gross yields have expanded over the year, it’s likely net yields have declined. Weekly rents rose by approximately $48 per week between April 2022 and March 2023, however the average weekly investor mortgage repayment on the typical Australian dwelling increased by $184, leaving investors $136 per week worse off,” she said.
“Additionally, net migration is forecast to remain strong for some time yet and this will only add further upwards pressure on rental values.
“Tenants coming up against affordability constraints have limited opportunities and unlike home owners can’t borrow to pay rent. It’s likely some tenants are now sacrificing the spare room or home office and re-forming share houses that disbanded throughout COVID in order to share the rental burden.
“Those who have the financial means to pull together a deposit might be taking the plunge into homeownership sooner while others are locking in longer leases, rather than brave the hunt for a new rental.”

Demand pressures have compounded the pace of rental growth in Australia, as rents reaccelerated and vacancy rates tightened to a near record low of 1.1% in the first three months of 2023.Demand pressures have compounded the pace of rental growth in Australia, as rents reaccelerated and vacancy rates...

02/05/2023

There was little consensus among experts and economists about which direction the RBA would lead the cash rate in, with last month's Australian Bureau of Statistics (ABS) Consumer Price Index (CPI) for the first quarter of 2023 indicating inflation had fallen from its peak, the figure remains firmly above the central bank’s inflation target.

NAB, Westpac, and ANZ announced their expectations of a cash rate pause last week, while the Commonwealth Bank of Australia (CBA) retained its position of a cash rate increase.

Following a pause last month, the Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.25% to 3.85%. Whilst headline inflation eased to 7% during the March quarter, it remains well beyond the RBA’s target range of 2-3%.

23/01/2023

Feeling grateful

06/12/2022

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the eighth consecutive month, this time by 0.25% to 3.10%. Today’s increase follows speculation that rates may be starting to approach their peak with falling house prices in some capital cities, decreasing de...