Investors Look at Options in Downward Market

Graeme Salt Broker 2, News, Uncategorized Leave a Comment

REAL ESTATE RENEE MCKEOWNMON 30 MAR 20 Investors are looking at their options with homes pulled off the market, leases extended and auction clearance rates dropping in-line with Covid-19 economic uncertainty. Forty per cent of auctions were pulled from the market and clearance rates dropped to 51.4 per cent on the weekend according to Corelogic. Buyers and sellers were urged to …

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

Graeme Salt Broker 2, News, Uncategorized Leave a Comment

20 March 2020. Australian Banking Association CEO Anna Bligh today announced a small business relief package from Australia’s banks. “This Assistance Package will apply to more than $100bn of existing small business loans and depending on customer take up, could put as much as $8 billion back into the pockets of small businesses as they battle through these difficult times,” …

Housemate horror: How your flatmates affect your mortgage rates

Graeme Salt News, Uncategorized Leave a Comment

Kilian Padstow| The New Daily| 25 February 2020 https://thenewdaily.com.au/finance/your-budget/2020/02/25/housemate-credit-rating-mortgage/ Share house living is common practice among money-conscious people, but research shows picking bad housemates could cost Australians almost $180,000 in later life. The exorbitant expense arises because renters typically share the responsibility for paying bills and rent on time. This means if one person misses the due date – or …

‘Fear of missing out’ back for Sydney first-home buyers as prices rise

Graeme Salt News, Uncategorized Leave a Comment

Kate Burke| Domain| 23 February 2020 https://www.domain.com.au/news/fear-of-missing-out-back-for-sydney-first-home-buyers-as-prices-rise-932720/ First-home buyers are pressing ahead with their dreams of home ownership, rushing to buy in inner and middle-ring suburbs as rapid price growth threatens to push them further out of reach. The number of first-home buyers jumping into the market and how much they are prepared to borrow has soared in recent months, …

Value recovery driven by expensive houses

Graeme Salt Knowledge Centre, Uncategorized Leave a Comment

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 …

Surging house prices, low rates risk tipping Sydney and Melbourne back into property frenzy: economists

Graeme Salt Uncategorized Leave a Comment

Jim Malo| Domain| 5 December 2019 https://www.domain.com.au/news/surging-house-prices-low-rates-risk-tipping-sydney-and-melbourne-back-into-property-frenzy-economists-915499/ uyers are at risk of snapping back into boom-time behaviour across Sydney and Melbourne’s ascendant property markets, economists warn, with forecasters caught by surprise at the pace of the rebound. Prices could be back to their peaks by early next year, recovering about two years of declines in less than 12 months. Both …

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

Graeme Salt Knowledge Centre, Uncategorized Leave a Comment

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 …

Sydney and Melbourne Drive Property Price Rise of 2.4% In September Quarter – ABS

Graeme Salt Knowledge Centre, Uncategorized Leave a Comment

Martin North| Digital Finance Analytics|10 December 2019 Residential property prices rose 2.4 per cent in the September quarter 2019, the strongest quarterly growth since the December quarter 2016, according to figures released today by the Australian Bureau of Statistics (ABS). Sydney and Melbourne residential property prices recorded strong growth in the September quarter 2019. Property prices rose in Sydney (+3.6 …

HSBC Doubles Its Price-Rise Forecast for Australian Homes

Graeme Salt Uncategorized Leave a Comment

Emily Cadman| Bloomberg| 19 November 2019 https://www.bloomberg.com/news/articles/2019-11-18/hsbc-doubles-australia-house-price-forecast-as-market-roars-back HSBC Holdings Plc has more than doubled its forecast for Australian property price increases next year as low interest rates and looser borrowing rules send buyers flooding back into the market. The bank now expects nationwide prices to rise by 5% to 9% in 2020, up from previously expected gains of 0% to …

Property prices in Sydney and Melbourne continue to soar

Graeme Salt Knowledge Centre, Uncategorized Leave a Comment

Euan Black| The New Daily| 1 October 2019 https://thenewdaily.com.au/money/property/2019/10/01/property-boom-sydney-melbourne/ Fresh data has revealed property is booming again in Sydney and Melbourne. Home prices in Australia’s two largest cities rose 1.7 per cent in September, according to CoreLogic’s latest Home Value Index. The increases marked the fourth consecutive month of price jumps, and came before the Reserve Bank’s decision to slash …