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Larry Schlesinger| Australian Financial Review| 7 January 2022 https://www.afr.com/property/residential/red-hot-housing-market-to-cool-economists-analysts-2022-predictions-20220104-p59lu4 Rising mortgage rates, further macro prudential intervention, affordability constraints, a pick-up in new housing supply and an increase in property listings are expected to significantly cool the red-hot housing market in 2022, before a moderate downturn in 2023, economists and housing market analysts have predicted. While none of them foresaw the extraordinary …

Nila Sweeney| Australian Financial Review| 11 January 2022 https://www.afr.com/property/residential/the-sydney-suburbs-where-prices-will-grow-4pc-a-month-20220110-p59n55 Housing prices are on track to rise 4 per cent a month over the next six months in chronically undersupplied areas of Sydney, defying the surge in listings that has taken some heat out of the market in the NSW capital. Demand most strongly outpaces supply in Pittwater, Warringah and Sutherland, …

Nila Sweeney| Australian Financial Review| 13 January 2022 https://www.afr.com/property/residential/more-than-300-suburbs-hit-1m-median-price-20220111-p59ndy More than 300 Australian suburbs have crossed the $1 million, median house value in just seven months, with Sydney and regional NSW adding the largest number of new entrants, data from CoreLogic shows. Between May and December last year, 311 suburbs hit a median price of $1 million or higher, lifting …

Rod Myer| The New Daily| 23 December 2022 https://thenewdaily.com.au/finance/property/2021/12/23/fixed-term-home-loan-rates-rise/ Australia’s major banks are hiking their fixed-term mortgage rates in response to concerns about surging inflation in the US. Anyone wanting a three-year fixed home loan from one of the Big Four banks will have to pay at least 2.89 per cent now. And anyone who wants to fix their loan …

Sezen Bakan| The New Daily| 4 January 2022 https://thenewdaily.com.au/finance/property/2022/01/04/property-market-price-slow/ National property prices rose by more than 22 per cent in 2021, but new data shows the housing boom in Sydney and Melbourne is running out of steam. Figures released by CoreLogic on Tuesday show prices in December almost reached a standstill in Sydney (+0.3 per cent) and went slightly backwards …

The era of ultra-low fixed interest rates in Australia might be coming to an end as the last bank with a sub-2 per cent long-term rate has hiked theirs above that symbolic mark. And Australians are being warned not to miss out on some of these great deals. Some of the longer-term fixed rates, often four and five years, are …