Category Archives: Real Estate News
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 […]
Is it harder to get a first home past 40?
Getting a foot on the property ladder is tough, but it’s not likely to get much easier as you get older. At least that is according to a report by the Sydney Morning Herald, which noted the difficulties faced by aging first home buyers. According to the report, the average age of first-time buyers in Australia […]
Property investors to benefit from relaxed APRA lending rules
Australia’s property investors are set to get some relief after the announcement from the Australian Prudential Regulation Authority (APRA) that they will be removing the housing investor loan cap. In 2014, a temporary 10 per cent cap on investor lending growth was introduced to help cool the booming Sydney and Melbourne housing markets. The APRA has […]
Will we see an interest rate rise in 2018?
Nobody wants to see their mortgage rate go up, but that could happen if the Reserve Bank decides to lift their current long-running low interest rate streak. There are a lot of differing opinions about whether or not the country will see a change in the current cash rate of 1.5 per cent any time […]
RBA extends low interest rate streak
Last week the Reserve Bank kept the official interest rate on hold at the historic low of 1.5 per cent, extending its long running streak of no movements up or down. April’s meeting made for the 18th consecutive board meeting where the RBA has not budged from its position, making it the longest stint where […]
Nine out of ten properties sell for a profit
A cooling property market hasn’t stopped sellers from turning a profit according to data from CoreLogic. The housing statistics firm has revealed that 91.1 per cent of all properties sold in the December 2017 quarter went for a price above their previous purchase price. The property market was so lucrative in the three months to […]
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