Investors are returning to the property market – but a boil-over seems a long way off. Recent figures from Corelogic shows investors as the fastest growth segment, increasingly outmuscling First Home Buyers. For the fifth month in a row First Home Buyers’ market share dropped. But owner occupiers remained the largest market segment at 52.5 per cent. But, while the …
Why you could shoot yourself in the foot by choosing the cheapest mortgage.
Want to lose that home? Then get the cheapest loan. It sounds hard to believe, but you could lose out if you opt for the lowest interest rate. Recently, Origin brokers have expressed concern that some of the banks are taking about a month to even look at an application! Imagine if you were relying on one of these banks …
Why you could lose out from Fear of Missing Out
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 …
The return of the investor?
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 …
It’s a moving market
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 …
Expecting the government to cool house prices? Don’t hold your breath
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 …
Refinance your loan in seven days?
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 …
Is your home loan in your best interest?
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 …
2021 Property. Growth – but..
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 …
2020 – never to be forgotten. 2021 – so much opportunity
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 …