House prices could rise by up to 6 per cent in 2023 while the share of income going to mortgage repayments could reach a record high of around 10 per cent, the major bank has predicted. In its August 2023 Australian housing update, ANZ’s senior economist Adelaide Timbrell said house prices will rise by 5 […]
New research has found that hundreds of thousands of lower-income Australians aged 50 and over will be without suitable housing in less than a decade. The Australian Housing and Urban Research Institute (AHURI) released the findings in a new report, which examines how Australia could deliver the types of housing required by individuals who are […]
In this episode, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive, Paul Glossop, discuss the current state of Australian lenders and the property finance landscape following on from yet another rate decision. The duo delves into the latest Reserve Bank meeting and its impact on interest rates and mortgage rates, discussing conflicting data on unemployment and within the […]
Almost a third fewer first home buyers are achieving home ownership than in previous decades, with researchers warning that it could lead to increased poverty if this persists, according to new research. A report by the Australian Housing and Urban Research Institute (AHURI) revealed that the home ownership rate of FHBs born in the late […]
Almost half of property professionals responded to a survey that housing supply and affordability are the most critical issues for the federal and state governments, a record high. The latest ANZ/Property Council Survey of 744 property professionals in the June quarter has brought these issues into sharp focus, alongside the necessity to address them. At […]
In this episode, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive, Paul Glossop, give a catch-all on the rationale for the latest reserve bank decision by unpacking the trends in inflation and job wage growth. They also discuss the preparations Australians are making for the anticipated “mortgage cliff”, and offer valuable insights into the future […]
Domain’s new report has suggested house prices will be at a record new high in Sydney, Adelaide, and Perth in FY24 if its forecasts eventuate. The property marketplace has released its Forecast Report for the 2023–24 financial year, in which it has revealed what to expect in the Australian housing market over the next 12 […]
New research has revealed that over 1.3 million mortgage holders were at risk of “mortgage stress” in the three months to April 2023, and this figure is expected to climb further if rates continue to rise. Data from Roy Morgan has shown an estimated 1.38 million mortgage holders were at risk of mortgage stress during […]