Data & Insights

In FY24, areas with the highest proportion of cash purchases were highly to have a older demographic, consisting of retirees, &#8216;treechangers&#8217; or &#8216;seachangers&#8217; that were looking to make the move regionally.

Cash Purchases Report 2024: Cash splash for regional properties

More than one quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, according to a new report released by PEXA.

Cash Purchases Report 2023 | More than 1 in 4 properties in Australia purchased with cash

PEXA’s latest Mortgage Insights Report found that refinances increased in 2023, as homeowners tightened their purse strings and shopped for a better deal on their mortgages.

Mortgage Insights Report | Aussies borrowed less and refinanced more in 2023

National property sale settlements experienced an uplift towards the end of 2023 as the number of Australians buying and selling properties surged in the December quarter.

Dec settlement uplift suggests positive outlook

Melbourne, Australia: Australians wanting to buy a home now have to work at least two years longer to save for the deposit than they did in 2020, with soaring house prices, rising interest rates and tighter lending criteria imposed by banks putting housing even further out of reach.

Homebuyers need to save at least two years longer to raise a deposit

Melbourne, Australia: The upper end of the residential property market is defying continued high interest rates, with volumes showing signs of recovery in the first quarter of FY24.

Property Insights Report | Premium market showing signs of recovery

Property refinances outpaced new loans in the Sep-23 quarter, as sales activity experienced a seasonal lull during the winter months, according to PEXA’s latest Mortgage Insights report.

Mortgage Insights Report | Refinances continue to surge

NSW and Queensland are falling short when it comes to releasing enough land to keep up with demand for new housing, while it takes an average of more than a year to settle on a vacant block in Victoria, according to the first comprehensive analysis of the release of new land for residential housing.

$37bn of new land released – but demand continues to outstrip supply

The Reserve Bank of Australia’s (RBA) Board held the cash rate steady at 4.10% for a fourth consecutive month today, increasing hopes that this may be the peak in the current rate-rising cycle. New data released by PEXA today confirms that loan refinancing activity remains close to record highs this month, as more mortgage-holders proactively adjust to the ‘new normal’ of higher interest rates and avoid falling over the ‘mortgage cliff’.

Property and mortgage markets surge ahead as interest rates stabilise

The Reserve Bank of Australia’s (RBA) Board agreed to hold the cash rate steady at 4.10% for a third consecutive month today, increasing hopes that this may be the peak in the current rate-rising cycle, while new data from PEXA shows loan refinances hit record highs this month &#8211; but still no sign of a ‘mortgage cliff’.

Mortgage holders adjusting to ‘new normal’ of higher interest rates

The number of Australians taking out new mortgages fell across the country in FY23, with new loan activity returning to pre-pandemic levels, compared with the previous two years.

Mortgage Insights Report | New lending slows to pre-pandemic levels

Amidst a backdrop of continued high interest rates, property settlement volumes were down in the financial year ending June 2023, compared to the record-highs of FY22, but green shoots appearing in the second half of the financial year show positive signs of recovery – according to new research released by PEXA today.

A strong finish to FY23 suggests a market recovery

Amidst a backdrop of high interest rates, over one quarter of residential property transactions across Australia’s eastern states were funded without a mortgage attached in 2022.

Cash property purchases surge on the back of strong regional demand

PEXA today welcomed the Victorian Government’s changes to stamp duty and land tax for commercial properties, to be phased in from 1 July 2024, but said imposing new taxes on residential property owners over the next decade will only worsen Victoria’s housing supply and affordability crisis for rental property investors, and Victorian renters.

PEXA warns VIC land tax could worsen housing shortages

For the second consecutive quarter, the rate at which properties across Australia settled on time remained steady, according to the latest On-Time Settlement Report published by property exchange platform, PEXA.

A solid Q1 for property settlements nationally

This year’s Federal Budget recognises that housing is a key component of the current cost-of-living pressures facing Australian households. The Federal Budget seeks to address these housing cost pressures with a range of small but carefully targeted supports.

Federal Budget 2023-24: Implications for Australia’s Housing Sector

PEXA today welcomed the Federal Budget housing policy measures to stimulate housing supply and tackle the ongoing rental housing crisis but noted more needed to be done to address the nation’s long-term housing shortage.

PEXA welcomes budget measures to boost housing supply and affordability but warns bold action is needed to address Australia’s severe housing crisis

Refinance volumes, fuelled by rising interest rates and cost of living pressure, eclipsed new loans for the first time on record in New South Wales, Victoria, Queensland and Western Australia, according to the latest research from PEXA.

More refinances than new loans in Q1  | Mortgage Insights report March 2023 quarter

Today the Reserve Bank of Australia (RBA) increased the cash rate by 25 bp to 3.85%, after pausing in April. This continues the cycle of rapid increases witnessed over the past 12 months.

Property market bouncing back, as cash rate moves higher

With buyers wary of continued interest rate rises, and sellers holding off on listing their properties in a softer market, settlement volumes were down in the first quarter of 2023, according to the latest analysis from PEXA.

Property Insights report March 2023 quarter

Not only have property prices been rising sharply for decades, but notably, low-income households are disproportionately renting rather than owning property, as well as paying a higher proportion of their income on rent.

Vacancy rates illustrate harshness of rental crisis

With rising interest rates, a trend which is set to continue, more Australian homeowners are battling significantly increasing pressure on their home loan repayments, leaving them at greater risk of financial strain, according to new research released today by PEXA.

PEXA Emerging Mortgage Risk report: Mortgage risk set to spike in 2023

For the first time in decades, banks find themselves facing a downturn fuelled by rising inflation, high interest rates, a looming mortgage ‘cliff’ and a customer base under increasing cost of living pressures.

Inflection point looms as refinance squeeze tightens

Today the Reserve Bank of Australia (RBA) decided to hold the cash steady at 3.6%. This is likely to be only a pause and not the peak in the current cycle of increases that have taken the cash rate from 0.1% last April to 3.6% today.

Property refinancing activity remains elevated as rates near the peak

Demand for residential property has remained strong over many decades. But what’s driving this resilience in today’s climate?

Australia’s resilient housing demand reflects strong adult population growth

The percentage of property sales that successfully “Settled First Date” (SFD) has held firm nationally during Q4 2022, according to the latest On-Time Settlement Report published by PEXA today.

Settlement timeframes remain steady for Australian consumers

With summer gone and football season about to commence, the research team at PEXA look back on what was a quieter February in property. All states witnessed declines in sales settlement volumes from January, as interest rates continued to increase.

Modest month around the grounds in property

Today the Reserve Bank of Australia (RBA) announced its tenth consecutive increase of 25 basis points (bp) to the cash rate, taking it from 0.1% last April to 3.6% today. This is the fastest sequence of rate rises on record in Australia.

Property sales and refinancing showing the impact of rapid rate rises

Australia’s housing market has long faced a range of underlying issues that have made it among the most expensive and unaffordable in the world. Since 2020, these factors have been exacerbated and complicated by the COVID-19 pandemic, closed borders and localised natural disasters.

Adequate and affordable housing must be a national policy priority

Australians refinanced at record levels in 2022 with more than 378,000 refinances recorded in New South Wales, Victoria, Queensland and Western Australia, up 11.4% on the prior record year, driven by the fastest and steepest increase in the official cash rate on record.

Refinances surge | homeowners feel pinch of rising rates

Today the Reserve Bank of Australia (RBA) announced its ninth consecutive increase to the cash rate, raising the cash rate by a further 25 basis points (bp) and taking it from 0.1% last April to 3.35%.

Refinancing could hit record highs in 2023 following further rate rises

Western Australia’s resilient property market is set to enjoy a prosperous 12 months, according to Real Estate Institute of Western Australia (REIWA) CEO, Cath Hart.

REIWA CEO predicts strong year for property in WA

On the back of a strong November, sales settlements grew in all but one capital city in December as 2022 was signed off on a high, according to the latest data from PEXA.

Market gains across the country to close out big year in property

After a relatively soft October, sales settlements recovered strongly across all major Australian states in November to close the spring property season on a high, according to the latest data from PEXA.

Property markets across all states bounce back in November

New research from PEXA and Urbis has detailed how the demand for property in Australia’s three largest capital city markets has evolved as a result of the pandemic. A clear trend of consumers migrating to outer suburbia at the onset of COVID-19 was identified, with this having since recently reversed, as hybrid working has been introduced more widely and more Australian workers are heading back into the office.

Outer suburb housing demand slows as post COVID-19

The Reserve Bank of Australia (RBA) announced its eighth consecutive increase to the cash rate, with PEXA’s <a href="https://www.pexa.com.au/insights/refinance-index">Refinance Index</a> consequently showing extremely elevated levels of mortgage refinancing activity.

RBA's eighth straight rate rise driving record refinance volumes

Consumers and property professionals alike are set to benefit from greater access to local market trends, with PEXA launching its new Postcode Insights tool today, for dwellings in Victoria, New South Wales and Queensland.

Postcode insights unlocked by new tool from PEXA

Australian lenders and practitioners both delivered higher Settled First Date (SFD) rates quarter-on-quarter, supporting the exchange experience of consumers nationwide.

National settlement certainty uplift benefits home buyers

Monthly Mortgage Insights NSW &#8211; November 2022

Monthly Mortgage Insights NSW - November 2022

Monthly Mortgage Insights QLD &#8211; November 2022

Monthly Mortgage Insights QLD - November 2022

Monthly Settlement Insights NSW &#8211; November 2022

Monthly Settlement Insights NSW - November 2022

Monthly Mortgage Insights VIC &#8211; November 2022

Monthly Mortgage Insights VIC - November 2022

Monthly Settlement Insights WA &#8211; November 2022

Monthly Settlement Insights WA - November 2022

Monthly Settlement Insights QLD &#8211; November 2022

Monthly Settlement Insights QLD - November 2022

Monthly Mortgage Insights WA &#8211; November 2022

Monthly Mortgage Insights WA - November 2022

As interest rates continue to rise, property refinance volumes continue to grow and new loans are declining.

Mortgage Insights September 2022 Quarter

A record 102,669 property refinances were completed across Queensland, New South Wales, Victoria and Western Australia during the September 2022 quarter, up 9% on the previous quarter, according to the latest analysis released today by PEXA.

Rising interest rates driving record refinance activity

All states registered drops in residential settlements in the Sep-22 qtr.
Continued interest rate rises and high inflation weighed on buyers, who were cautious not to overextend themselves, resulting in fewer transactions.

Property Insights September Quarter 2022

After riding a wave of strong momentum for more than two years, Australia’s property market has seen a decline in sales settlements quarter-on-quarter, with New South Wales experiencing the largest declines in both property sales volume and aggregate value, according to the latest report from PEXA.

Australia’s record property market run comes to an end

PEXA has adopted a new Settled First Date (SFD) metric to measure the performance of lenders and practitioners involved in settling property sales on their scheduled day.

PEXA helping people into their property on time

VIC Monthly Mortgage Insights Report for October 22.

VIC Mortgage Insights  - October 2022

Monthly Settlement Insights WA &#8211; October 2022

Monthly Settlement Insights WA - October 2022

Monthly Settlement Insights QLD &#8211; October 2022

Monthly Settlement Insights QLD - October 2022

Monthly Settlement Insights NSW &#8211; October 2022

Monthly Settlement Insights NSW - October 2022

Today the Reserve Bank of Australia (RBA) announced its sixth consecutive month of rate rises. It raised the cash rate by a further 25 basis points (bp), taking it from 0.1% in April to 2.60%. This large and rapid series of rises is being passed on in full to household mortgage holders on variable terms.

Fastest interest rate rises in a generation drive record levels of refinancing

PEXA&#8217;s Chief Economist Julie Toth shares her thoughts on the current impact of interest rate hikes.

The impact of rising interest rates

More than one million Australians refinanced their home loan over the past 12 months, saving an estimated $1,524 per year on average.

Australians saving an estimated $1,524 per year by refinancing their home loan

In the current environment of rising interest rates, record numbers of homeowners are choosing to refinance their home loan with many opting to switch lenders.

September 22 consumer refinance report

News release – 6 September 2022
Today the RBA announced a further lift of 0.5 basis points for the target cash rate. This is the fifth consecutive month of rate rises in the current tightening cycle, raising the cash rate from 0.1% in April to 2.35% today. This rise is highly likely to be passed on in full to household mortgage holders.

RBA rate rises & mortgage refinancing

As discussed in-depth within this edition of Property Now, in response to rising interest rates, Australians are refinancing their home loans in record numbers.

An expert overview of today’s refinancing climate

Whilst the property market grew in FY22, headwinds emerged in the second half of the year.

PEXA Property Insights Financial Year 2022

More Australians than ever are adopting a proactive approach to managing their home loan amidst rising interest rates, with a record 331,976 property refinances recorded across Queensland, New South Wales and Victoria in FY22, up 29% on the previous 12-month period, according to the latest analysis released today by <a class="" href="https://www.pexa.com.au/content-hub/data-insights/">PEXA Data &amp; Insights</a>.

Record property refinances in FY22

Over 472K new home loans were taken out in the eastern states in FY22. Volumes were well up for both residential and commercial properties compared to FY21. Residential new loans grew in all eastern states with, QLD and VIC leading, up over 10% year-on-year.
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Mortgage Insights Report Financial Year 2022

Australian lenders were successful in settling 86.1% of property sales on the first date (SFD)

PEXA On Time Settlements Report - June 2022

For many Australians, the feeling is that we are entering uncertain financial times.

It’s not all doom and gloom in property

You cannot have an election without a debate about housing affordability and how to fix it. Like clockwork, this year, Australians have been forced to weigh up the merit in allowing homebuyers to access their super to buy a house or, alternatively, inviting the government to coinvest with them in property.

How we can truly tackle housing affordability

Records tumbled throughout 2021 as the property market boom stretched to all corners of the country.

Industry experts analyse 2021 and share their 2022 property predictions

The New South Wales property market has ended spring with a flurry of activity, recording more than 20,300 property sale settlements (up 15% month-on-month) and leading the nation for refinances with almost 11,500 (up 10% month-on-month, and 49% year-on-year) for November, according to PEXA Insights, the research arm of PEXA &#8211; Australia’s leading digital property settlement platform.

New South Wales property market flexes its muscle post lockdown

We wouldn’t be anywhere without our members, who have supported our journey and who have championed innovation across the industry. In recognition of CX Day, our Chief Customer Officer, Lisa Dowie has written this insightful piece on PEXA&#8217;s ambition to become a truly customer-led business.

It’s impossible to be truly customer-led without data-led decisions and passionate, engaged people

Queensland was the only mainland state to record quarter-on-quarter growth in property sale settlements, with more than 59,000 settlements processed in the first quarter of the 2022 financial year, according to PEXA Insights, the research arm of PEXA &#8211; Australia’s leading digital property settlement platform.

Queensland property market soars despite a soft start to spring across Australia

News release – 8 September 2021

PEXA launches Refinance Index as property refinances hit record highs

Savvy property owners across Australia’s east-coast have taken advantage of record low interest rates, with more than 256,000 refinance settlements occurring across the 2020-21 financial year, surging above the previous year’s levels in Queensland, New South Wales and Victoria, according to the latest analysis released today by PEXA, Australia’s leading digital property settlement platform.

Low interest rates prompt record high refinancing

Australia’s economic recovery from the effects of the COVID-19 pandemic has been led by the performance of its east-coast property market, according to end of financial year figures released today by PEXA, Australia’s leading digital property settlement platform.

Australia’s east-coast property market rises to record heights in FY21

Throughout the first half of 2021, Queensland’s property market has seen exceptional momentum.

Assessing the state of play in Queensland

A lot has changed since the Victorian era; we have the internet, international flight routes, and smart phones which contain almost every detail of our lives.

The key to unlocking a digital housing market

The property sector is booming at this time – and understandably, everyone wants to know what’s going to happen next. New South Wales is no exception – sales settlements continue to track strongly, with significant year-on-year growth being recorded throughout 2021.

UDIA NSW CEO Steve Mann reviews the NSW property market

Queensland breaks 14-year property record

Professional obligations have always evolved to meet clients’ changing needs. For property professionals including lawyers, conveyancers and real estate agents, a transformation in the way that business is conducted means that managing cyber risk is now a key business and professional risk.

Cyber threats are now a key risk for property practices 

Western Australia’s (WA) property sector is going from strength to strength, with February 2021 registering more than 50% year-on-year growth in property sale settlements when compared to the same month in 2020, according to numbers released today by PEXA, Australia’s leading digital settlement platform.

Western Australia property sale settlements skyrocketing in 2021

All eyes are on the property market this year as the country bounces back from a tumultuous year of restrictions and COVID-19. Each state is experiencing its own unique recovery patterns, including Queensland.

Queensland leads east coast property surge

With Australia having seemingly weathered the worst of its COVID-19 storm, many eyes are now keenly fixed on the property market as it seeks to bounce back from a testing 2020.

National settlement volumes trending upwards as property continues to bounce back

Victoria witnessed a 43% month-on-month increase in property sale settlements for the month of December, according to Australia’s leading online property settlement platform, PEXA.

Easing of COVID-19 restrictions leads to Christmas settlement rush

No one is immune to cyber-crime. In today’s digital age, security cannot be an afterthought –proactive measures and education are necessary in order to minimise the risks presented.

Firms need to gear up in the fight against cyber crime

The outbreak of COVID-19 has changed the way we interact and work with one another – both now and in the foreseeable future.

COVID-19 shining the spotlight on cyber-security

As the COVID-19 situation continues to play out, we take a look at what the coming weeks and months may look like in property.

How will COVID-19 impact the property market?

The PEXA network reaches a significant milestone with one million digital property transactions now completed.

PEXA surpasses one million digital property transactions

WA property transactions move online in 2018: Waterways Conveyancing is ahead of the compliance date with 105 sales finalised online already

Regional WA firm cracks digital ton with 105 online property transactions

Western Australian lenders are gearing up to turn off ‘old school’ paper property transactions and enter the digital era ahead of the state’s deadline for all property transactions to be completed online.

Western Australia leads with digital home sales

Property prices have surged in South-East Queensland compared to the rest of the country. Survey data from .id (informed decisions) shows that young South-East Queenslanders report a poorer lived experience of affordable decent housing.

Housing affordability dampening liveability outlook for young South-East Queenslanders

Environmental risk factors in Gippsland have impacted homebuyers&#8217; ability to secure insurance, finance and resulted in a high proportion of cash purchases.

The relationship between cash purchases and environmental perils: A Gippsland case study

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