Sydney house prices reach record high, outstrip pre-pandemic levels

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Kate Burke| Sydney Morning Herald| 28 January 2021 Sydney house prices reach record high, outstrip pre-pandemic levels (domain.com.au) Sydney house prices have reached a record high and outstripped pre-COVID-19 prices by nearly $50,000, with median prices jumping by six figure sums across in-demand pockets, new data shows. Sydney’s median house price is now a whopping $1,211,488 after surging by 4.8 per cent …

Lenders extend cashback offers

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Malivaka Santhbennur| The Adviser| 27 January 2021 Lenders extend cashback offers – The Adviser Several lenders and their subsidiaries have extended their cashback offers, while one lender has extended its LMI discount offering. Westpac, St.George Bank, BankSA and Bank of Melbourne have extended their home loan refinance cashback offers, effective 22 January 2021. The extension is applicable for eligible applications …

Value of new home loans hits record high for second month in a row

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Euan Black| The New Daily| 15 January 2021 Property boom: Value of new home loans hits record high (thenewdaily.com.au) Lenders approved a record value of new home loans in November as first-home buyers took advantage of falling interest rates and government incentives. Data released by the Australian Bureau of Statistics on Friday shows lenders approved a record $23.96 billion of new …

2021 Property. Growth – but..

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Australian property prices will go up this year – but not everywhere.  And not all the time! Sometimes one part of the market will be up while another will be down. Others will tread water. Property buyers will have to learn how diffent parts of the market are operating at anyone time – just as they have had to learn …

Why are Australian home prices rising again and can it last?

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Jessica Irvine| Sydney Morning Herald| 28 January 2021 Why are Australian home prices rising again? (smh.com.au) Australia’s Teflon-coated property market appears to have proved itself again. Despite the country’s first recession in nearly three decades, Aussie home values – including houses and apartments – ended 2020 a solid 3 per cent higher, according to CoreLogic data. According to another report, …

Why didn’t the Australian property market crash?

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Bianca Dabu| Nestegg| 30 November 2020 https://www.nestegg.com.au/invest-money/property/why-didn-t-the-australian-property-market-crash Doom and gloom headlines filled the news as soon as COVID-19 outbreak began, and Australia ultimately headed to its first recession in over 28 years, but no drastic decline was seen in the housing market. How did the Australian property pulled through? 2020 has seen devastation across sectors, with wages down 4.3 per …

Australian property prices are tipped to break record highs by February, as the market shrugs off the pandemic

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Jack Derwin| Business Insider| 1 December 2020 https://www.businessinsider.com.au/property-prices-growth-australia-november-records-2020-12 Property prices are rising in every major Australian market, growing by 0.8% nationally. If they maintain the current pace, CoreLogic head of research Tim Lawless said new records will be set by early next year. “Buyer demand is mostly being fuelled by a surge in owner occupiers rather than investors looking to …

Home owners end mortgage holidays in droves as economy improves

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Matt Johnson| The New Daily| 18 November 2020 https://thenewdaily.com.au/finance/property/2020/11/18/mortgage-holidays/ Nearly 70 per cent of Australians who paused their home loan due to pandemic pressures have resumed repayments as banks encourage customers to assess their options. But the Australian Banking Association has warned a “time of reckoning” lies ahead, with many remaining deferrers only hanging on because of elevated levels of …

Here’s where you can find Australia’s most ‘affordable and liveable’ suburbs

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Matt Johnson| The New Daily| 26 November 2020 https://thenewdaily.com.au/finance/property/2020/11/26/australia-affordable-liveable-suburbs/ Finding a budget-friendly home close to life’s necessities can be a difficult task for any buyer. But new research has attempted to make it a little easier. PRD Real Estate’s ‘Affordable and Liveable Property Guide’ has revealed how capital-city, middle-ring suburbs strike the perfect balance between affordability and liveability. It gave …