By the end of this year, hundreds of thousands of fixed-rate loans will have expired, with mortgagees left to decide how to proceed. And according to Zippy Financial director and principal broker, Louisa Sanghera, many will not have the option of refinancing due to shifting financial circumstances. “The rapid increase in interest rates since May […]
The state beat the Northern Territory and the ACT to the gong even if the portion of income required to meet loan repayments rose slightly in the June quarter, the state’s peak real estate body confirmed. According to data from the Real Estate Institute of Australia (REIA), the portion of family income needed to meet […]
The latest iteration of the UBS Global Real Estate Bubble Index has noted a sharp decline in housing market imbalances the world over. Analysis of the residential property prices in 25 major cities across the world saw real house prices across these cities fall by 5 per cent between mid-2022 and mid-2023. While house prices […]
Australia’s momentous start to the 2023 spring selling season has seen listings increase as if we’re beginning to see the shoots of a balanced property market sprouting. “With this spring shaping up to be busier than last, supply and demand dynamics are likely to continue rebalancing in the coming months,” explained Eleanor Creagh, PropTrack senior […]
Ahead of the Labor government’s state budget today (19 September), the NSW government has announced a new program targeting social and affordable housing. The NSW government’s $224 million Essential Housing Package has been labelled as the first step of the lengthy project to rebuild the state’s social and affordable housing system, with this initial investment […]
The majority of Australians believe that property is still a good investment despite current economic conditions, the aggregator’s survey has found. The survey, commissioned by aggregator Mortgage Choice and conducted by Honeycomb Strategy, found that 83 per cent of Australians believe that property is still a sound investment in spite of rising interest rates, lack […]
With Australian property values rising once more, one buyer’s agency has done the hard yards and located five areas that scream affordability. National buyer’s agency, Adviseable, identified a handful of Australian suburbs where house prices are below $550,000 primed for investors to enter. Kate Hill, Adviseable property buyer, said recently rising home values made it […]
Both housing and rental affordability continued to worsen across Australia throughout the June quarter, according to new data from the Real Estate Institute of Australia (REIA). According to the REIA’s Housing Affordability Report (HAR), it costs the average Australian making the median income almost half (46.9 per cent) of their earnings to maintain average loan repayments. The […]
The Reserve Bank of Australia (RBA) has revealed its September cash rate call at its monthly board meeting. In what was RBA governor Philip Lowe’s final board meeting, Australia’s central bank opted to hold the official cash rate at 4.10 per cent. The RBA decision to continue the theme of its July and August board meetings […]
In a year where consumer confidence dipped under the weight of rising rates and cost-of-living pressures, these five suburbs managed to experience more sales than any other FAST 50 suburbs. Smart Property Investment’s FAST 50 report, which launched in May, combined the collective expertise of a 14-strong investment expert panel and recent housing performance drawn from open-source data to […]