Despite rising home values, new home lending volumes dropped in December 2023, new ABS figures have shown. According to new statistics from the Australian Bureau of Statistics (ABS), the value of new mortgage lending dropped to $26.3 billion in the month of December compared to $27.3 billion the previous month. Moreover, the latest Lending Indicators data from […]
Australia’s western state has led the charge in home value growth for yet another month. The latest home values data released by CoreLogic’s Home Value Index (HVI) has revealed that Perth continues to dominate the leaderboard in home value growth out of the combined capitals, with home values increasing by 1.6 per cent in January. […]
Predictions from the big bank economists and markets have foreseen interest rates to hold steady in December. In the lead-up to the Reserve Bank of Australia’s (RBA) final monetary policy decision for 2023, the big four bank (NAB, CBA, Westpac, and ANZ) economists have all predicted that the central bank will pause the cash rate […]
The income needed to service new mortgages on the average dwelling value has increased year on year, a new report has found. Prospective home buyers are now required to dedicate 46.2 per cent as of September 2023 (up from 40.3 per cent during the same period last year) of their income to service a new […]
National home prices have reached new heights for the month despite rising interest rates and an easing in price growth. CoreLogic’s latest national Home Value Index (HVI) rose by 0.6 per cent in November, marking the smallest monthly gain since the beginning of the current growth cycle in February 2023, however, the national HVI has […]
The federal Treasurer has warned the latest rate hike will put further pressure on mortgage holders. Speaking at a press conference in Sydney following the Reserve Bank of Australia’s (RBA) Melbourne Cup Day rate decision (7 November), federal Treasurer Jim Chalmers stated that the move to raise interest rates will “make life harder for people […]
he latest ABS data on building approvals has revealed a fall in total dwelling approvals for September, becoming the third-lowest month since June 2012. The Australian Bureau of Statistics (ABS) latest data found the seasonally adjusted total number of dwelling approvals fell 4.6 per cent in September to 13,144, following the 8.1 per cent rise […]
Australia’s banks have begun raising interest rates on home loan and savings after the RBA’s latest rate increase. The Reserve Bank of Australia’s (RBA) November monetary policy meeting resulted in the official cash rate being increased to its highest level in 12 years, to 4.35 per cent, and lenders have wasted no time passing the increase […]
Despite a tough economic climate, 60 per cent of home buyers say now is a good time to purchase, according to Helia. Mortgage brokers have a key role in helping prospective purchasers through the daunting home buying process, according to lenders mortgage insurance (LMI) provider Helia. According to Helia’s latest Home Buyer Sentiment Report released yesterday (2 […]
A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their happiness. According to the research report No Place Like Home commissioned by Great Southern Bank, home owners were significantly happier with their current housing situation when compared to renters. The report found that 70 per cent […]