Queensland had the highest concentration of government guarantees in 2021–22, new data has revealed. More first home buyers have been taking up home guarantee schemes, with some states doubling in proportion from last financial year, according to new data. The National Housing Finance and Investment Corporation (NHFIC) has revealed which states are seeing high uptake […]
A steep rise in rents coupled with lower property prices presents opportunities for investors, a new report has discovered. According to the inaugural National Australia Bank (NAB) Market Megatrends report — which combines analysis from property research house CoreLogic — rent values rose 10 per cent in the year to September 2022, while gross rental […]
The fixed rate expiry bubble — which is fuelling the refinancing boom — will continue until July 2023, a new report has predicted. Refinancing is booming and this trend will continue as long as interest rates rise and a large number of fixed rate home loans reach or approach their expiry dates, according to the […]
The central bank has warned that a small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, leading to higher arrears. The Reserve Bank of Australia’s (RBA) Financial Stability Review for October 2022 has revealed that higher interest rates will increase borrowers’ debt payments. Households have […]
Confidence in the housing market bounced back in the last quarter, as the Reserve Bank of Australia eased back on its bumper rate rises. According to the NAB Property Insight Report, there has been a rise in the number of Australians who said now is a good time to buy, reaching 23 per cent following a […]
Auction volumes are again set to drop this week, disrupted by the annual Melbourne Cup carnival, with celebrations kicking off this weekend ahead of next Tuesday’s (1 November) big race. After last week saw national auction levels rise above for just the third time since June, CoreLogic is predicting activity to fall 8.3 per cent […]
Here are the suburbs set to hold opportunities for emerging investors. Shelved land tax plans leave the Sunshine Coast showing promise for property investors, said co-founder of BuyersBuyers Pete Wargent. South-East Queensland’s popularity for buyers should “take some of the pressure off extremely tight rental markets,” according to Mr Wargent. “Buyer sentiment is significantly cooler than it […]
Despite a highly uncertain period, these 10 suburbs on Queensland’s Gold Coast are proving to be attractive choices for interstate investors. A new Where to Buy report from BuyersBuyers has identified the top suburbs on the Gold Coast for investors with a $700,000 to $1,200,000 house price budget. According to BuyersBuyers co-founder Pete Wargent, South East Queensland […]
New analysis from CoreLogic has found that a staggeringly large portion of Australia’s 3,027 capital city house and unit markets experienced value declines during the September quarter. The research body’s “Mapping the Market” dataset for the third quarter of 2022 found that 79.5 per cent (or 2,405) of the country’s house and unit markets experienced […]
New figures from Corelogic have revealed that both auction levels and preliminary clearance rates fell marginally in the week just gone. Across the combined capital cities 1,742 auctions were held, down 4 per cent on the 1,815 experienced the week prior, bringing with it a decrease in preliminary clearance rates, which fell two per cent […]