House prices are predicted to fall in Sydney, Melbourne, Canberra, and Hobart as interest rate rises start to bite home owners and buyers, according to a new report. SQM Research has released its annual Christopher’s Housing Boom and Bust Report 2024, in which it has forecast that Sydney’s property prices could record a moderate fall […]
How mortgage holders can deal with the latest rate hike. With the Reserve Bank (RBA) announcing its policy decision for June, borrowers are bracing for another rocky month marked with more mortgage pain. In this episode, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive, Paul Glossop, talk about the central bank’s move to take another […]
Taking a gamble: The fanfare surrounding this year’s Melbourne Cup significantly pales in comparison to what’s going on over at the Reserve Bank of Australia (RBA). In this episode of Property Finance Uncut, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive Paul Glossop shed a light on the trajectory being set by Michele Bullock, the recently appointed governor […]
New Roy Morgan research has shown that 30.3 per cent of mortgage holders are now “at risk” of mortgage stress. According to the data, a record high 1,573,000 mortgage holders were “at risk” of mortgage stress in the three months to September 2023, up 7,000 from a month ago. This period encompassed three meetings held […]
There was a drop in dwelling commencements in the June quarter but the total value of building work completed rose marginally, according to new data. Total dwelling commencements fell 11.8 per cent (seasonally adjusted) to 40,720 dwellings in the June quarter, the latest building activity data released by the Australian Bureau of Statistics (ABS) showed. […]
As high interest rates and inflation erode household savings, Australian residential mortgage delinquency rates will continue to rise, according to a new report. The latest data for residential mortgage-backed securities (RMBS) by Moody’s Investors Service revealed that the share of prime quality home loans that were at least 30 days in arrears (30-plus days delinquency […]
As the end of the year nears, the Reserve Bank of Australia (RBA) has clearly set its trajectory towards 2024. In this episode of Property Finance Uncut, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive Paul Glossop once again reflect on the latest RBA decision and its impact on the Australian financial landscape. […]
In its first state budget in a decade, the NSW Labor government has announced a $2.2 billion Housing and Infrastructure Plan, along with rental reform and support for first home buyers. NSW Treasurer Daniel Mookhey presented the 2023–24 budget, the first since the Labor government was elected to power in March. In its budget, the […]
A new report has revealed that housing affordability has declined by almost 14.0 per cent over a 20-year period and 12.4 per cent over the past decade. The Real Estate Institute of Australia (REIA) Housing Affordability Report (HAR) has found that housing affordability declined over the June quarter 2023. With mortgagors continuing to face mounting […]
With its latest cash rate call, the Reserve Bank of Australia (RBA) has set the scene for spring – sparking discussions among property investors and home owners about the implications for mortgages and property prices. In this episode of Property Finance Uncut, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive, Paul Glossop, share the latest insights on current market conditions and advise property owners […]