Why you could lose out from Fear of Missing Out

Graeme Salt Broker 2, News Leave a Comment

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?

Graeme Salt Broker 2, News Leave a Comment

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

Graeme Salt Broker 2, News Leave a Comment

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

Graeme Salt Broker 2, News, Uncategorized Leave a Comment

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 …

Is your home loan in your best interest?

Graeme Salt Broker 2, News Leave a Comment

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..

Graeme Salt Broker 2, News Leave a Comment

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 …

Stamp Duty Changes Good for Property?

Graeme Salt Broker 2, News 1 Comment

‘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 …

What’s driving interest rates?

Graeme Salt Broker 2, News Leave a Comment

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 …