Could refinancing prove valuable for home owners and investors looking to unlock extra capital this year? According to one financial expert, yes. As some 800,000 Australians prepare to exit their fixed rate mortgage over the course of 2023, Paul Glossop, chief executive officer at Finni Mortgages, recently revealed how the strategy could be harnessed by borrowers […]
The Reserve Bank (RBA) governor has turned attention to the financial precarity of tenants, noting that rents are expected to continue rising across the nation. On the heels of the RBA’s decision to hold the cash rate at 3.6 per cent in April, Philip Lowe has addressed the Australian media in a bid to explain the board of directors’ […]
The Reserve Bank of Australia (RBA) has revealed its highly anticipated third cash rate decision of the new year. Australia’s central bank has opted to hold the cash rate at 3.60 per cent during its monthly board meeting on Tuesday April 4. It follows the release of last month’s Consumer Price Index (CPI) by the Australian Bureau of Statistics […]
Australia’s housing supply constraints are expected to worsen, with a shortfall of more than 100,000 homes over the next five years. National Housing Finance and Investment Corporation (NHFIC) State of the Nation’s Housing 2022–23 research report warned the undersupply of housing is set to worsen as demand continues to outpace supply. The report showed a slowdown in […]
The Palaszczuk government says it wants to give the state’s renters “a fair go”, releasing its plans to stabilise rental prices across Queensland. Unveiled at a Housing Roundtable in Brisbane on 28 March 2023, the Queensland state government said by limiting rent increases to once every 12 months, it will “balance the rights and interests […]
The deadline to submit supporting documentation for the $25,000 HomeBuilder grant has been extended to 30 June 2025 for existing HomeBuilder applicants affected by supply constraints and construction industry delays. Minister for Housing Julie Collins has announced that the federal government intends to negotiate with states and territories to extend the deadline for existing eligible […]
NSW’s newest Premier, Chris Minns, declared Labor’s election victory a “golden opportunity for a new government — a young government — to look at what the future can be”. So what’s in store for the state’s property sector? In becoming the first Labor leader of Australia’s most populous state since Kristina Keneally’s heavy defeat in the 2011 election, […]
Not since mid-April 2022 has Australia recorded a more successful auction week than the one just gone, according to CoreLogic. The week ending 26 March 2023 saw 2,292 homes go under the hammer across the country — the second most recorded this year — with 71 per cent of the 1,795 results collected so far […]
The state’s peak real estate body believes the Perrottet government’s decision to implement the ban has been counterproductive to date. When Premier Dominic Perrottet announced the practice would be banned at the end of last year, he stated that “an advertised rental fee should be just that.” However, the Real Estate Institute of NSW (REINSW) explained […]
The portion of income outlaid on weekly rents decreased in the final three months of last year, according to the Housing Affordability Report (HAR) for the December 2022 quarter. The Real Estate Institute of Australia’s (REIA) HAR found the proportion of income needed to service median rents fell 0.1 per cent in the three months to last […]