Declining mortgage rates expected to continue: RBA

Graeme Salt Knowledge Centre, News Leave a Comment

Annie Kane| Mortgage Business| 25 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15166-declining-mortgage-rates-expected-to-continue-rba The average mortgage interest rate paid by households is expected to continue to decline “for a while yet”, according to the central bank. Speaking at the Australian Business Economists Webinar on Tuesday (24 November), the deputy governor of the Reserve Bank of Australia (RBA), Guy Debelle, noted that the average mortgage rates paid …

Three-month extension for HomeBuilder scheme

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Colin Brinsen| The New Daily| 29 November 2020 Three-month extension for HomeBuilder scheme (thenewdaily.com.au) The federal government’s HomeBuilder grants program is being extended for three months, which is expected to see a further 15,000 homes approved under the scheme by March next year. Cabinet Minister David Littleproud has confirmed the extension, saying the program has been a “real success story”. …

How Covid-19 Transformed the Property Market

Graeme Salt Broker 2, Knowledge Centre Leave a Comment

‘Life will never be the same again.’  Its been said non-stop since Coronavirus, but there is no doubt it has accelerated long overdue changes in the property market. Across the board, property-related professions are adapting and thriving despite the virus. Over the weekend, 73 per cent of Australia’s capital city auctions were successful, according to CoreLogic. Of these, Melbourne achieved …

Australia’s Top 10 Oversupply Areas

Graeme Salt Broker 2, Knowledge Centre Leave a Comment

Covid-19 has turned property demand such that new research maps ‘Danger Zones’ in the propertly market. COVID-19 has led to an immediate (if perhaps temporary) shift outwards in the demand for housing, such that experts have identified two risks property owners face. In some location there is now the risk of negative equity (where a house is worth less than …

House prices set for double-digit growth: AMP

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Euan Black| The New Daily| 27 February 2020 https://thenewdaily.com.au/finance/property/2020/02/27/house-prices-growth-amp/ Property prices are expected to rise 10 per cent over 2020 as low interest rates entice buyers back into the market. The pace of growth will ease in the second half of the year as more and more housing becomes unaffordable for increasing numbers of people. Faced with weak wages growth …

The RBA has kept the official interest rate on hold at its February meeting, but speculation is rife when the next cut is coming

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Jack Derwin| Business Insider| 4 February 2020 https://www.businessinsider.com.au/rba-february-rate-decision-cut-hold-2020-2 Interest rates are on hold for now, but another cut is likely coming. The Reserve Bank of Australia (RBA) announced on Tuesday that it had kept the official interest rates at 0.75% at its February meeting. “With interest rates having already been reduced to a very low level and recognising the long …

House price rises spread beyond Sydney and Melbourne, but pace of growth slows

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Michael Janda| The New Daily| 3 February 2020 https://thenewdaily.com.au/finance/property/2020/02/03/house-prices-february-corelogic/ Australian house prices continued to rise in January, with increases spreading beyond the booming Sydney and Melbourne markets. The big south-eastern cities continued to lead price rises, but all other capitals posted gains, including modest 0.1 per cent increases for the struggling Perth and Darwin markets. However, the top 10 capital-city …

First-home buyer optimism remains despite soaring property prices

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Euan Black| The New Daily| 30 Jan 2020 https://thenewdaily.com.au/finance/property/2020/01/30/first-home-buyers-me/ Soaring property prices “are yet to crush the home ownership dreams of first-home buyers,” says ME Bank. But they aren’t doing much for the broader economy. Interest rate cuts and looser bank lending have seen national housing prices rise more than 5 per cent since finding their trough in July. The …

Value recovery driven by expensive houses

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Annie Kane| Mortgage Business| 4 December 2019 https://www.mortgagebusiness.com.au/breaking-news/14062-value-recovery-driven-by-expensive-houses As home values sharply recover in Sydney and Melbourne, there has been a particular spike in the recovery of the premium housing, according to new research. According to the November Home Value Index, released by property analytics company CoreLogic, the value of properties sold across Australia in the month ending 30 November …

Why you should try selling a home in a festively-named street at Christmas

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Melissa Heagney| Domain| 4 December 2019 https://www.domain.com.au/news/why-you-should-try-selling-a-home-in-a-festively-named-street-at-christmas-914833/ People selling a house in a uniquely-named street name could add thousands of dollars to the sale price, new research shows. Academics from Deakin University, National University Singapore and the Chinese University of Hong Kong found that Sydneysiders had a preference for longer, one-word street names in their recent study, Street Name Fluency …