Sydney house prices could fall 4% in 2024: SQM Research
House prices are predicted to fall in Sydney, Melbourne, Canberra, and Hobart as interest rate rises start to bite home owners and buyers, according to a new report. SQM Research has released its annual Christopher’s Housing Boom and Bust Report 2024, in which it has forecast that Sydney’s property prices could record a moderate fall […]
Why your mortgage matters
Here’s the biggest secret to getting a better return on your investment property. I’ve spent the best part of the last two decades reading data on suburb growth, listening to real estate experts, demographers and investors to try and hone in on the best property investment strategies. I’ve listened and I’ve learned, and over the […]
How to invest in Australia’s underdog cities this spring
As housing unaffordability and cost of living continue to plague Australia’s major cities, it might be time to turn to the nation’s smaller housing markets. Property Investment Professionals of Australia (PIPA)’s October national market report revealed a downturn in investor activity nationwide. New loan commitments have dropped 27 per cent among investors, and sales are […]
A record number of borrowers face mortgage stress risk
New Roy Morgan research has shown that 30.3 per cent of mortgage holders are now “at risk” of mortgage stress. According to the data, a record high 1,573,000 mortgage holders were “at risk” of mortgage stress in the three months to September 2023, up 7,000 from a month ago. This period encompassed three meetings held […]
Total dwelling commencements fell in June quarter: ABS
There was a drop in dwelling commencements in the June quarter but the total value of building work completed rose marginally, according to new data. Total dwelling commencements fell 11.8 per cent (seasonally adjusted) to 40,720 dwellings in the June quarter, the latest building activity data released by the Australian Bureau of Statistics (ABS) showed. […]
Surging prices could push home ownership out of reach of Aussie FHBs
These days, achieving the great Australian dream requires a great deal of stretching and penny pinching, but new analysis indicates it could soon be largely out of reach for the average Aussie making their way onto the property ladder. According to financial comparison site Canstar, Australian home ownership could become largely unachievable should property prices […]
16 years of savings needed for house deposit: Finder
First home buyers are required to save for over a decade on average to afford a deposit on a home, new research has found. An analysis from comparison site Finder has found that younger first home buyers (FHBs) need at least 16 years to save for a deposit on the average house and 12 years […]
Mortgage delinquencies to keep rising: Moody’s
As high interest rates and inflation erode household savings, Australian residential mortgage delinquency rates will continue to rise, according to a new report. The latest data for residential mortgage-backed securities (RMBS) by Moody’s Investors Service revealed that the share of prime quality home loans that were at least 30 days in arrears (30-plus days delinquency […]
Major bank hit with $2.1m penalty
The Federal Court has ordered the major bank to pay a hefty penalty for unconscionable conduct. National Australia Bank (NAB) has been slammed with a $2.1 million penalty for continuing to charge periodic payment fees despite the major bank knowing it was wrongfully overcharging customers in what the Federal Court has deemed as unconscionable conduct. […]
NSW budget focuses on growing housing supply
In its first state budget in a decade, the NSW Labor government has announced a $2.2 billion Housing and Infrastructure Plan, along with rental reform and support for first home buyers. NSW Treasurer Daniel Mookhey presented the 2023–24 budget, the first since the Labor government was elected to power in March. In its budget, the […]