Mortgage stress decreased for the second straight month in November 2023 despite the central bank raising rates by 25 basis points, according to new research. Data released by Roy Morgan has revealed that 1.49 million mortgage holders (29.9 per cent) were at risk of mortgage stress in the three months to November 2023. This period […]
Mortgagors required almost half their income to meet the average loan repayment in the September 2023 quarter, a new report has found. The latest Real Estate Institute of Australia (REIA) Housing Affordability Report has revealed that housing affordability has continued to worsen as borrowers and renters bear the brunt of rising interest rates and soaring […]
New insight into Australian home loan borrowers reveals that market activity is increasingly dominated by purchasers leveraging other properties to acquire new homes. The Consumer Access to Mortgages 2023 report by Agile Market Intelligence in association with the Finance Brokers Association of Australia (FBAA) reported that borrowers who were granted a mortgage in the last 12 months […]
A top economist has identified major concerns for the year ahead, but believes that investors still have reasons to be optimistic. Inflation, the risk of recession, China and geopolitical risks are the “big worries” for investors heading into 2024, according to AMP chief economist Shane Oliver. While evaluating that 2023 has turned out “far better […]
These three locations could offer smart investors both short-term yields and long-term growth. DPN, an investment provider and finance broker, has revealed their top three picks for investors seeking a sound, growth-oriented asset in the new year. With rumours that the Reserve Bank of Australia will continue to hike interest rates and an ongoing shortage […]
A sharp upturn in new owner-occupier loan commitments contributed to overall housing lending growth in October, but refinancing cooled off from recent record highs, according to new figures. The latest Lending Indicators data released by the Australian Bureau of Statistics (ABS) has shown that the value of new owner-occupier loan commitments surged by 5.6 per […]
The RBA has handed down its final decision for 2023 – and it’s already setting the scene for 2024 market dynamics. In this episode of Property Finance Uncut, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive Paul Glossop predict that Australia is either at the top – or very near to the top […]
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 […]
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 […]