After much anticipation, the Reserve Bank of Australia (RBA) has finally revealed whether this year will close with a cash rate hike or hold. As Australia enters the festive season, the RBA has chosen to hold the official cash rate at 4.35 per cent. The news comes as a relief to commentators, who had warned […]
More than one-third (or 36.3 per cent) of homes across the country are cheaper to buy than they are to rent at current prices. It’s based on a national analysis of estimated purchase and rent prices by PropTrack, which found that buying conditions are “most favourable” across Queensland, South Australia and Western Australia. For PropTrack […]
Affordability, rate cuts and densification are just some of the changes set to sweep Australia’s housing market in 2024, according to Domain. As 2023 comes to a close, agents and owners around the country are watching the property market like hawks. Will supply ease up? Will property prices go down? Will rental growth waver? According […]
Want to raise a family? These are the country’s top 12 neighbourhoods for kids and parents. Owning your own family home is the Australian dream – but with mortgage rates soaring and lifestyle needs evolving, it can be difficult to know where to buy. Financial services firm Property Credit sifted through data to identify standout […]
The average Australian has seen a 30 per cent drop in their borrowing power since the Reserve Bank of Australia (RBA) began lifting rates 19 months ago. When the RBA lifted the cash rate by a further 0.25 per cent in November, the maximum borrowing capacity of the average earner dropped by an estimated $10,500. That’s according […]
Here’s the biggest secret to getting a better return on your investment property. I’ve spent the best part of the last two decades reading data on suburb growth, listening to real estate experts, demographers and investors to try and hone in on the best property investment strategies. I’ve listened and I’ve learned, and over the […]
Mortgage getting you down? Here are five ways to make sure your negotiation ends with a win. With home loans at an all-time high, property owners around Australia are struggling to keep on top of their monthly repayments. The Reserve Bank od Australia’s (RBA) recent decision to up the cash rate yet again to 4.35 per […]
Rising mortgage rates could be making it harder for Australia to build the new homes it needs. New home markets in Sydney and Melbourne have become the worst hit as a result of cash rate hikes, just as those markets need to increase the supply of new dwellings to address the housing supply crunch. That’s […]
Record refinancing numbers appear to have hit a cliff, as the rate of borrowers looking to change lenders experiences a substantial fall. According to data from PropTrack, the winter months saw as many as 28,000 home owners externally refinancing to another lender, compared to the pre-pandemic average of roughly 15,000 owner-occupiers changing lenders in a […]
Borrowers often wonder how they could increase their borrowing capacity and buy multiple investment properties. Mortgage broker Eva Loisance offers her tips on how to nail it. Australian borrowers are faced with challenges on multiple fronts as current economic conditions make it increasingly difficult to secure a mortgage with lenders – especially those nearing their […]