Homeowners Prepared For Rate Increases
Homeowners Prepared For Rate Increases Even if interest rates continue to rise, most homeowners are well prepared to cope with it according to Bankwest. Its customers have nearly tripled the rate of savings in offset accounts over the past two years with 90% of its borrowers head on their repayments. Westpac says 72% of its […]
Where Property Prices Are Soaring
Where Property Prices Are Soaring Property prices continue to hit record levels with the value of capital city homes increasing 23.7% in the past year. Australian Bureau of Statistics (ABS) figures show property values experienced their biggest annual increase in value since it began keeping records in 2003. It was the smaller capital cities which […]
More Borrowers Switching Lenders
More Borrowers Switching Lenders Property owners are shopping around for better finance deals, with Australian Bureau of Statistics figures revealing $14.3 billion worth of refinancing in January. Of that, $9.2 billion was refinancing by owner occupiers with the remaining $5.1 billion from investors. The figures show refinancing levels are 18.7% higher than at the same […]
Buyers Optimistic For 2022 Purchases
Buyers Optimistic For 2022 Purchases Rising prices have not put buyers off in 2022, but many are rethinking where they will buy. The Buyer Barometer survey by Real Estate Buyers Agents Association (REBAA) and Property Talk Australia (PTA) reveals homebuyers and investors are optimistic. REBAA president Cate Bakos says the study highlights the “sheer resilience” […]
Aussie Rents Continue To Climb
Aussie Rents Continue To Climb The huge demand for rental properties at a time of ultra low vacancies pushed rents up in 2021 to their highest calendar year growth in 14 years. The latest CoreLogic quarterly Rental Review shows rents increased 9.4% in 2021, only slightly lower than the previous record in 2007 of 9.44%. […]
Australian homes are now among the biggest in the world
We Lead The World On House Size Australian homes are now among the biggest in the world. The United States is the only other nation which is building homes as large as ours. Incoming president of the Australian Institute of Architects, Shannon Battisson, says the average floor space of a new freestanding home in Australia […]
300+ Suburbs Hit $1mil Median
300+ Suburbs Hit $1mil Median An additional 311 Australian suburbs now have median house prices of $1 million or more, with Sydney and regional NSW accounting for the largest number of new entrants. CoreLogic data shows that between May and December 2021, 38% more suburbs recorded a median price of $1 million or more. In […]
Investing in Property and understanding risk
A case study- understanding risk Would you choose to buy in Moranbah or in Toowoomba? Right now it appears a fairly easy choice between the two Queensland centres, but 10 years ago it was a very different scenario. The central Queensland mining town of Moranbah remains our greatest example of a boom-bust scenario. Until 2012, […]
Confidence In Property Sector Rises
2022 Will Be A Busy Year We’ve witnessed in 2021 the most extraordinary year ever in Australian real estate. Amid lockdowns and other restrictions, prices nationally have increased 25% for houses and 14% for units. The new year promises to another growth year, notwithstanding the media’s attempt to construct an imaginary scenario of rising […]
RBA Reaffirms Rate Stability
RBA Reaffirms Rate Stability The Reserve Bank has reiterated that it does not intend to lift interest rates next year, despite growing industry speculation of a rise. This week, at the final board meeting of the year, the RBA left the cash rate at 0.10% and Governor Philip Lowe announced that the latest data and […]
