2-Sense podcast
US producer price inflation fell last month, and over the year has declined all the way back down to 2 per cent.
The data now supports a Fed pivot, as explained by James Foster here.
Join Owen and Chris on 2-Sense segment of the Australian Property Podcast, where they discuss the big 3 property news stories of the week (I'll be back on next week).
Tune in here (or click on the image below):
This week the guys discuss the latest interest rate hike, the Budget and the rise of Build to Rent, and booming auction clearance rates.
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Interesting rental vacancies figures from SQM Research.
Hobart has seen its rental vacancies shoot higher from 0.6 per cent at the beginning of the year to 1.6 per cent.
Interest rates are biting harder in Tasmania than in many other parts of the country, perhaps due to the massive increase in home prices at a time when wages growth was only modest.
SQM reports distressed sales in Tasmania as trending higher in rising back to pre-COVID levels.
Canberra also sees rental vacancies continuing to rise fairly significantly to 1.9 per cent.
Interesting there is a gentle uptrend in rental vacancy rates in Brisbane, Adelaide, and Perth.
Nationally rental vacancies are still extremely tight at 1.2 per cent, but they are off their lows!