Category Archives: Real Estate News
Why spring 2018 is a great time to buy a home
With the property market starting to head downwards and interest rates on the move upwards you could be forgiven for thinking that now isn’t the best time to buy, but we are actually in a very favourable market for buyers. Here’s why. Weaker property markets After years of strong property demand in cities like Sydney […]
More interest rate rises from the big banks
The Reserve Bank may have kept the official cash rate on hold at their September meeting for the 25th consecutive month, but the same certainly can’t be said for the major banks. Westpac was the first of the major banks to lift their variable rates for both owner occupiers and investors (by 14 basis points) […]
Are you prepared for higher interest rates?
Westpac has become the first of the major banks to lift its variable rates, and it might only be a matter of time before the others follow suit. The bank announced that it’s raising its variable rates for both owner-occupiers and investors by 14 basis points, effective from September 19. This will affect new and […]
First home buyer activity at highest level in years
First home buyers are making a dramatic comeback, with loans to the buyer group hitting a six-year high. The latest ABS Housing Finance figures reveal that first home buyers made up 18.1 per cent of all new mortgages given out during June. The volume of first home buyer occupier lending went up by 11.4 per […]
Falling Aussie dollar could lead to interest rate hike
The Reserve Bank of Australia will be sitting for its monthly meeting tomorrow and the question on everyone’s mind is whether interest rates are finally going to change after a record long period of holding steady. While most believe that the official cash rate will remain on hold for August at least, there is a […]
Property is number one savings goal for millennials
Move over smashed avocado and Insta-worthy holidays, because the most covetable goal for a lot of young Australians is to buy a property. New research from Westpac found that the number one savings goal for those aged between 25 to 34 year old was a home or property. Westpac analysed the data from customers who […]
Is now the time to buy, or should you sit on the sidelines?
Property prices are easing across the country, so why is it that just when the market is turning in the favour of buyers, many are now expressing concerns about jumping in? May’s CoreLogic home value index results showed that national home values were down by -0.1 per cent over the month, fuelled mainly by price drops […]
Why you shouldn’t worry about falling property prices
Recent figures from CoreLogic have shown that dwelling values are down across the country, led by falls in Sydney. Data shows a national decline in property values of 0.4% over the past 12 months, with Sydney values 4.2% lower. While this may sound concerning for a lot of people eager to jump into the property […]
Large proportion of buyers don’t understand LMI
About two in five potential home buyers don’t understand what lenders’ mortgage insurance (LMI) is, according to new research by Mortgage Choice. This is despite nearly one-third of research respondents admitting that they would need to pay the insurance premium to get into the property market. LMI is usually a one-off premium that protects a […]
What the 2018 budget means for homebuyers and owners
This year’s budget has been a rather disappointing one for a lot of homebuyers, with no new funds being invested to help battle the nation’s housing affordability issues. However, it’s not all bad news. While the budget hasn’t delivered any measures to help entice new homebuyers into the market, there were fears that the budget […]
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