Author: Otto Dargan
Sydney & Melbourne Drag Down Housing Market
CoreLogic’s data revealed the home value index for April 2022 showed national growth of 0.6%. This is the lowest reading since October 2020. Sydney and Melbourne are the two cities with the heaviest weighting in the home value index. Sydney was down 0.2% for the third...
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bookmarkTags: Australian property market, property market update
RBA Increases Cash Rate To 0.35%
The Reserve Bank of Australia (RBA) increased the cash rate by 0.25 percentage points; taking the historically low cash rate to 0.35%. An increase in the cash rate causes the interest rates on variable-rate mortgages to go up as well, as most lenders, including major...
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Flood Relief Packages For 2022 | What Support Is Available?
The major banks in Australia have announced their financial relief packages for customers affected by significant flooding across southeast Queensland and parts of northern New South Wales. The following services are now available to customers whose finances the current floods...
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bookmarkTags: disaster relief package, flood relief package, lenders policies, relief measures for flood victims, relief schemes
Home Guarantee Scheme Price Caps Increasing For 2022-23
The government has announced higher price caps for 2022-23 for parts of its expanded Home Guarantee Scheme, which includes the First Home Guarantee (formerly the First Home Loan Deposit Scheme), the Family Home Guarantee and the proposed new Regional Home Guarantee. (Note:...
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bookmarkTags: Family Home Guarantee, First Home Guarantee, Home Guarantee Scheme
2022 RBA Interest Rate Forecast: Bad News For The Property Market?
The Reserve Bank of Australia (RBA) is finally considering hiking its cash rate, for the first time in more than a decade. The RBA has pushed its cash rate to record lows since 2011. When COVID-19 hit Australia in 2020, the central bank set its interest rate at 0.1 per cent,...
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Regions, Smaller Capitals Surge As Sydney And Melbourne Slow
CoreLogic data revealed that the home value index was up 0.7% in March 2022. During the first quarter of this calendar year, dwelling prices in Australia rose 2.4%, adding about $17,000 to the value of a home. Within these national numbers, there was a notable split between the...
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Federal Budget 2022-23 | Home Guarantee Expands Into Regions
The 2022-23 federal budget had plenty for prospective home buyers, as the government announced expansions to its current home guarantee schemes, with a new regional home guarantee and other measures. There is also tax relief for low-to-middle-income families, plus new funding...
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bookmarkTags: Australian Federal Budget, budget 2022
Regional Home Guarantee | Buy In Regional Areas With A 5% Deposit
During the federal budget announcement, the government revealed it will expand its existing home buyer schemes and will introduce a new scheme for regional home buyers later this year. What Is The Regional Home Guarantee? The new Regional Home Guarantee will provide...
Read morefolderCategory: Home Loan Articles
bookmarkTags: first home loan deposit scheme, Home Guarantee Scheme, Regional Home Guarantee
House Prices Still Rising | February 2022 Property Market Update
House Price Update CoreLogic data revealed housing values experienced a 0.6% gain in February 2022. This was the 17th consecutive increase but was the slowest growth experienced since October 2020. Brisbane and Adelaide experienced the strongest housing market conditions....
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bookmarkTags: Australian property market, property market update
Biggest Boom In Property Prices Since 1989
CoreLogic data revealed that housing values rose 1.1% in January 2022. Property prices jumped by 22.4% over the last 12 months, which was the biggest annual increase since the year to June 1989. A typical Australian home now costs $131,326 more than a year ago. What Happened...
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bookmarkTags: Australian House Prices, property market update, Regional property market