10 Australian suburbs desperate for affordable rentals
In an era of never-ending rental crises, a new report has highlighted 10 regions across the country crying out for more affordable rental stock. Several factors were utilised by Suburbtrends for its ‘Rental Crisis Report’ to identify the selected suburbs, including whether these areas boasted incredibly low vacancy rates, where weekly rents exceed incomes below the […]
It’s time for NSW landlords to have their say
A new Real Estate of NSW (REINSW) campaign aims to bring balance to the housing crisis. Titled the Rent Crisis Action, the campaign invites property managers and residential property investors to provide their views on the housing crisis, focusing on the impact of policies and legislation — whether that be existing or proposed — which impacts the availability […]
5 affordable Aussie suburbs offering upside potential
A new report has revealed the nation’s top five cheap investment hotspots, claiming to offer strong capital growth prospects for a lower fee. Of the listed locations within Hotspotting’s Top 5 Cheapies with Prospects report, none were to be found in Australia’s most populous states — NSW and Victoria. Instead, two are located in Perth and Adelaide, while a single […]
Over 1 million mortgagors ‘at risk’ of mortgage stress: Roy Morgan
Mortgage stress increased to the highest level since July 2013 in the three months to December 2022, with almost a quarter of mortgage holders now “at risk”, new data has revealed. New research released by Roy Morgan has shown that an estimated 1.1 million mortgage holders (23.9 per cent) were “at risk” of mortgage stress […]
City and coastal living costing Aussies more: Domain
New research from Domain has found Australia’s land prices surged over the last few years despite lot sizes shrinking. Domain chief of research and economics, Dr Nicola Powell, suggested that “escalating price per [square metre] costs reflect our housing preferences of living close to a city or the coast in search of a certain lifestyle, […]
Australia’s interest rate future – when will the RBA cease rate hikes?
The Reserve Bank of Australia’s (RBA) aggressive, inflation-stemming cash rate hiking cycle has left many Australian homeowners questioning if and when it will end. Last December Australia’s central bank opted to lift the cash rate by 25 basis points – it’s eighth hike of the year – to 3.10 per cent, further compounding the financial woes of […]
Pace of house price falls slows by six times: Domain
New data suggests Australia’s housing market downturn has lost steam and the peak rate of the quarterly decline has passed, according to a new report. Domain’s House Price Report for the December 2022 quarter has revealed that combined capital house prices across Australia declined six times slower and unit prices three times slower than the […]
10 Aussie suburbs where buyers have a negotiating edge
New research has revealed the top investment-grade suburbs around the country primed for buyers to enter with a purchasing advantage. Well Money’s list filtered out suburbs that: Weren’t investment-grade Where demand had not been falling Where prices had not increased by at least 45 per cent over the past decade This left a small portion […]
Almost 1 in 3 mortgagors plan to refinance in 2023: Mortgage Choice
A survey commissioned by Mortgage Choice has found that almost one-third of home loan customers are considering refinancing their home loan within the next 12 months, but reservations remain among many borrowers. The survey of more than 1,000 Australian home loan customers revealed that 31 per cent are considering refinancing their home loan in 2023. […]
Size of refinanced loans up 6% in October: Joust
“Overextended” borrowers with larger home loans rushed to refinance in October as rapid rate hikes eat into their pockets, according to Joust. Australian home loans marketplace Joust has released data from its live auction service, which revealed a 6.15 per cent spike in the size of loans accessed nationwide in its refinance category for the […]