Borrowers refinancing have allowed the major banks to maintain their market share dominance, the aggregator has revealed. The latest AFG Index released by the Australian Finance Group (AFG) has revealed that the market share of Australia’s big four banks rose to 61.7 per cent during the third quarter of the 2024 financial year. Meanwhile, the […]
Mortgage brokers have said serviceability issues are the primary hurdle for their clients looking to refinance, the MFAA’s new survey has found. According to the latest survey findings released by the Mortgage & Finance Association of Australia (MFAA), 87 per cent of respondents cited serviceability as the “number one” barrier to refinancing, up from 83 […]
New data from the major bank has revealed almost half of new property investors in 2023 were Millennials. Data released by the Commonwealth Bank of Australia (CBA) has shown 46 per cent of the bank’s new property investors in the 2023 calendar year were made up of Millennials (born 1981–96). Gen X (born 1965–80) followed […]
Challenges concerning mortgage serviceability, housing affordability, and hurdles to saving a deposit could dampen first home buyer (FHB) activity this year, according to a new report. The latest ANZ CoreLogic Housing Affordability Report for the March 2024 quarter has highlighted the challenges FHBs face amid multiple economic headwinds like rising interest rates and a deterioration […]
When it comes to housing, the onset of the COVID-19 pandemic changed everything. And as CoreLogic’s research director, Tim Lawless, highlighted in a new research, those impacts are continuing to have a material impact on Australians’ living situations and property investment portfolios. Looking back just four years to March 2020, Lawless remarked that the country […]
With more first home buyers (FHBs) entering the property market, an expert buyer’s agent hands down her top tips for anyone ready to jump on the property ladder. According to the Real Estate Buyers Agents Association of Australia (REBAA), activity for first home buyers has increased by 13 per cent compared to one year ago. […]
It’s the first rate decision to be handed down outside of the former ‘first-Tuesday-of-the-month’ announcement pattern. In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent. The decision to keep the cash rate at 4.35 per cent was widely expected from economists […]
Australians are feeling more confident about their home-buying plans but it’s a different story for first home buyers, according to new Westpac research. The latest Westpac Home Ownership Report has found that 44 per cent of Australians plan to buy a new home in the next five years, up 9 percentage points since July 2023. […]
New research reveals that after cooling their plans through 2023, Australians are once again laying the groundwork to buy. The latest Westpac Home Ownership Report found that 44 per cent of Australians plan to buy a new home in the next five years – increasing 9 per cent since July 2023. Increases were also recorded in investors, […]
Embarking on a property investment journey can be both exciting and daunting, especially for first-time investors. Property investment can offer substantial financial rewards, but it also requires careful planning and informed decision-making. This step-by-step guide aims to navigate beginners through the fundamentals of property investment, covering key areas like property selection, financing and management. Step […]