This Week in Real Estate: Property news that you can trust Price Rises Out-stripping Wages House prices are predicted to rise ten times faster than wages this year. Since the pandemic recession, Australia’s job market has significantly improved with the unemployment rate dropping 0.2% to 5.5% in April. The figures released by ABS show wages rising […]
What is the Family Home Guarantee? The Family Home Guarantee is an Australian Government initiative that aims to support eligible single parents with dependants in purchasing a family home. From 1 July 2021, 10,000 Family Home Guarantees will be made available over four financial years to eligible single parents with dependants, subject to their ability […]
This Week in Real Estate: Property news that you can trust Investor Optimism On The Rise ME Bank’s latest Quarterly Property Sentiment Report shares an improvement in investor sentiment, with falling confidence among home-buyers. According to the report, the second quarter of 2021 saw residential property market decline to 42% from its previous 49%, a […]
This Week in Real Estate: Property news that you can trust Prices Up 9% In 4 Months The first four months of 2021 have witnessed an increase in Australian house prices by almost 9%. This is following a further rise of 2% in April, according to CoreLogic figures. House prices rose in all 15 major […]
This Week in Real Estate: Property news that you can trust Rents Respond To Low Vacancies Australia is experiencing the highest growth in average national rents since 2007 with rental markets across the country responding to low vacancies. A 3.2% rise in rents nationally was recorded in the March Quarter, as well as a noted […]
This Week in Real Estate: Property news that you can trust Banks Slash Loan Approval Times The four big banks have taken drastic measures to reduce home loan approval times to support the booming residential property market. Major lenders are now claiming turnaround times of two days, at most, for straightforward loans. This increased pace […]
This Week in Real Estate: Property news that you can trust Rising Market Pleases Federal Government The Federal Government says it is “very pleased” that high consumer confidence is leading to a “strong housing market” and remains unconcerned about rising debt levels. The Reserve Bank has warned that optimistic borrowers may lead to a debt […]
This Week in Real Estate: Property news that you can trust No APRA Concerns On Market The prudential regulator sees no need to place restrictions on borrowing to buy real estate and it has the support of one of the major banks. Westpac chief executive Peter King has backed APRA’s resistance to curtailing home lending, saying […]
Equity is King So you bought your first home, got a home loan, you’re paying your mortgage in monthly instalments, and everything is ticking along smoothly. You will own your home outright – in a few decades. But you don’t have to wait that long to buy your second property and start building a property […]
This Week in Real Estate: Property news that you can trust Vacancies Tight In Most Cities Vacancy rates remain below 1% in five of the eight capital cities and are 1.5% in Brisbane, according to the monthly report from SQM Research. Above-average vacancies in Sydney and Melbourne mean the national average rate remained at 2% […]
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