Australia-wide, we are seeing price growth. But those rushing in may well regret it. Most experts see price rises continuing for some time. But some, such as the boss of CBA, think the rate of these price rises will moderate. And, because currently 75 per cent of mortgage applications are from owner-occupiers, it’s hard to see the market being subject …
Are we seeing a rebalancing of the Australian property market? This growth period has primarily been driven by owner occupiers, but recent figures from the Australian Bureau of Statistics show that maybe owner occupiers are pulling back while investors are starting to dip their toe in the market. And owner-occupier lending pulled back by 1.8 per cent to $21.7 billion …
By Graeme Salt Properties are moving quicker and buyers are becoming increasingly realistic about price expectations Research from REA Group shows the average number of days properties are listed for sale on realestate.com.au hit record lows in every state in March 2021. The average days on the site was 48 in March 2021, down from an average of 71 days …
Last month saw bumper returns in the housing market, prompting some to ask whether the government will intervene to cool things down as has recently happened in NZ But those who are expecting a clamp-down don’t understand how lending works nor how a rising property market is key to the Reserve Bank’s plans for our economy’s growth. Sydney property recently …
One small lender reckons you can switch to them quickly – and at much lower rates thanks to new technology. Open banking promises to be a game-changer in the way we can all better manage our money. In essence, it’s a simpler and more streamlined way to share your banking data with approved lenders and financial technology companies, which could …
Great news for anyone planning to take out a home loan – new legislation means consumers are even better protected when they use a mortgage broker. But your bank does not have the same responsibility towards borrowers. The Best Interests Duty, which took effect this year, legally obliges brokers to act in the best interests of their clients. This new …
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 …
Expecting a property crash? There’s Buckley’s chance Looking to pick up a property on the cheap? You have missed the boat Think property will grow in 2021? You are probably right Are we looking at property bubble? That’s a bit of a stretch None of us will forget 2020. And while it has been agony for most of us, it …
‘Be careful what you wish for’ goes the old adage. Nowhere is the more true than in proposed changes to Stamp Duty which may have huge impacts on the way the property market operates. Changes proposed by NSW (and likely to be followed by other states will see stamp duty phased out and replaced by a (smaller) property tax paid …
Once upon a time, once-a-month, we waited on the Reserve Bank to announce its cash rate and that determined mortgage rates. But now there’s a new mechanism of determining interest rates and it impacts how much we pay on our home loans. The RBA has already cut the cash rate to 0.25 per cent (with more to come) at the …