“Overextended” borrowers with larger home loans rushed to refinance in October as rapid rate hikes eat into their pockets, according to Joust. Australian home loans marketplace Joust has released data from its live auction service, which revealed a 6.15 per cent spike in the size of loans accessed nationwide in its refinance category for the […]
The number of capital city homes advertised for rent reached a decade low through November while regional rental ads reached the lowest level since 2009, new research showed. CoreLogic’s latest Hedonic Home Value Index has revealed “extremely tight” rental markets around Australia, with vacancy rates holding around 1.00 per cent or lower in most regions. […]
A steep rise in rents coupled with lower property prices presents opportunities for investors, a new report has discovered. According to the inaugural National Australia Bank (NAB) Market Megatrends report — which combines analysis from property research house CoreLogic — rent values rose 10 per cent in the year to September 2022, while gross rental […]
The fixed rate expiry bubble — which is fuelling the refinancing boom — will continue until July 2023, a new report has predicted. Refinancing is booming and this trend will continue as long as interest rates rise and a large number of fixed rate home loans reach or approach their expiry dates, according to the […]
The central bank has warned that a small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, leading to higher arrears. The Reserve Bank of Australia’s (RBA) Financial Stability Review for October 2022 has revealed that higher interest rates will increase borrowers’ debt payments. Households have […]
Costs rose by the highest annual rate since the introduction of the GST with little reprieve expected for the construction industry and consumers, the property research house said. CoreLogic’s Cordell Construction Cost Index (CCCI) for the third quarter of 2022 showed that national residential construction costs surged by 11 per cent over the 12 months […]
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