Category Archives: Real Estate News
Will the RBA cut interest rates in 2019?
There have long been predictions that the next interest rate move by the RBA would be an increase, but there are growing reasons to believe that interest rates could be headed lower instead. At the RBA’s last meeting in February they kept the official cash rate at 1.5 per cent. Interest rates have remained on […]
Has your lender raised its rates?
NAB has recently announced it will be increasing its variable mortgage rates, making it the last of the Big Four banks to bring in out-of-cycle rate hikes. The bank will be increasing its investor and owner-occupier rates on its variable Tailored Home Loans, effective as of 31 January 2019. According to NAB’s Chief Customer Officer – […]
Buyers are back from holidays
If buyers did take a break from the market over Christmas then they are well and truly back, with a lot of property hunters looking to take advantage of current market conditions. It’s no secret that Sydney property prices took a hit in 2018 and while this isn’t great news for sellers, savvy buyers having […]
2018 was a tough year for Australian property values
The Australian property market experienced its weakest conditions since 2008’s Global Financial Crisis in 2018, according to new data from CoreLogic. Figures from CoreLogic show that dwelling values fell by 4.8 per cent nationally throughout the year, led mainly by declines in Sydney and Melbourne. Prices in Sydney were down by 8.9 per cent, and […]
APRA scraps cap on interest-only lending
The Australian Prudential Regulation Authority (APRA) has announced it will ease the restrictions it put in place on interest-only residential mortgage lending. The banking regulator capped the proportion of interest-only lending at 30 per cent back in March 2017 in a bid to curb high risk lending practices. With banks having reached their benchmarks and […]
Home loan demand on the rise
In a positive sign for the property market, recent data has shown that home loan demand has gone up following two months of declines. According to the Australian Bureau of Statistics’ (ABS) housing finance data for October, 52,654 home loans were approved throughout the month. This is an increase of 2.2 per cent on the […]
Many first-time buyers are choosing to invest
New research has revealed that one third of first home buyers are choosing to buy an investment property as their first property purchase. According to the 2018 Property Investment Professionals of Australia (PIPA) Investor Sentiment Survey, 36 per cent of first home buyers are choosing to “rentvest” (buy an investment property while continuing to rent) rather […]
Where is Sydney on the property clock?
There’s no denying that 2018 has been a tumultuous year for the Sydney property market, but what lies ahead for 2019? Will it be doom and gloom or are things starting to look up? Most property experts tend to agree that Sydney property prices have yet to fully stabilise, however a number of factors could […]
Domain predicts property market could stabilise in 2019
After a year of significant property price falls across the country we could see the market start to stabilise as early as next year before moving into a new growth phase, according to new research from Domain Group. Domain’s Property Price Forecast report looked at the likely scenario of capital city prices over the next […]
Quarter of Aussies leave their front door unlocked
Do you leave your front door unlocked? New research from finder.com.au has found that of the 9.9 million front doors across the country, nearly a quarter (23 per cent) of them are left unlocked. The comparison website surveyed 2,013 Australians and found that fewer than one in three households (30 per cent) use deadbolts on […]
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