RBA cash rate 0.1 Bps 4 Nov 2020
Mid North Coast, NSW Changes in Dwelling values
Cameron Kusher – corelogic, extract only
16 Jul 2018
Dwelling values on the Mid North Coast of NSW, which stretches from the Great Lakes region north to Nambucca, have increased by 0.9% over the past three months and are 2.0% higher over the past year. The 2.0% annual rise in values is much lower than the 9.6% increase a year ago and the slowest annual rate of growth since August 2013. Although values are still increasing, the growth trend is clearly softening.
While tighter credit conditions are having the most visible impact on Sydney and Melbourne, the effect is national, with prospective borrowers facing stricter lending policies... Sea change is likely being boosted by the wealth effect and strong equity from Sydney and Melbourne home owners, as values decline in these cities and credit conditions remain tight, it may be that demand for holiday homes and lifestyle properties starts to ease.
July 2017 What's Changed?
RBA announces cash rate decision - October 2016
04 October 2016 Tim Lawless comments on today's RBA cash rate decision
After two rate cuts earlier in the year, the Reserve Bank’s decision to hold the cash rate at their historically low level of 1.5% came as no surprise.
After two rate cuts earlier in the year, the Reserve Bank’s decision to hold the cash rate at their historically low level of 1.5% came as no surprise.
For more information on the CoreLogic RP Data Indices contact: media@corelogic.com.au
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