Author: Otto Dargan
What Is The RBA Cash Rate And How Does It Affect Your Mortgage?
Interest rates are on the rise. Home Loan Experts can help you save money in this difficult environment. Call 1300 889 743 or fill in our free assessment form to speak to one of our expert brokers today! close info Interest rates are on the rise....
Read morefolderCategory: Policy Changes, RBA cash rate
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folderCategory: Property Market
bookmarkTags: property market update
$500 Million Victorian Homebuyer Fund | Who Can Apply?
On 8 October, Premier Dan Andrews revealed a $500 million Victorian Homebuyer Fund (VHF) to help 3,000 aspiring home buyers purchase a property in the state. The biggest benefit of the scheme is that you can buy a home in Victoria with a deposit as low as 5%. The Victorian...
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bookmarkTags: government scheme, low deposit home loan, Victoria
Interest Rate Buffers Are Going Up, To Bring Debt Levels Down
The Australian Prudential Regulation Authority (APRA) announced that it will increase the interest rate buffers banks use to assess the serviceability of home loans from 2.5% to 3%. The higher buffer rate will be in place from the end of October 2021. It is applicable only...
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bookmarkTags: APRA, Borrowing power, lending criteria
Housing Boom Slows As First Home Buyers Priced Out
CoreLogic data shows house values rose 1.5% in September 2021. They are 20.3% higher over the past 12 months. While housing values had been rising at their fastest pace since 1989, the monthly rate of growth is losing steam. The market’s growth rate peaked in March 2021,...
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bookmarkTags: Australian property market, property market update
Banks Now Accept Self-Employed Salary As Income
If you’re self-employed and you get a regular salary from your business, you can now use it as income to apply for a home loan. Before this change, most lenders required self-employed borrowers to provide at least 2 years’ worth of tax returns, financials and...
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How To Buy A House In A Hot Market
The Australian housing market is a hotspot right now. Absorption rates are high, real-estate prices are soaring and inventory levels are low – all indicating a seller’s market. Plenty of buyers remain undeterred. Nearly 598,000 house and unit sales took place across Australia...
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bookmarkTags: Australian property market, home buyers
Property Market Still Booming, Affordability Challenges Loom Larger
Australia’s housing market is still on the rise, despite the lockdowns. However, the rate of growth is losing steam and August marked the lowest monthly rise in housing values since January. CoreLogic’s national home value index shows housing values grew 1.5% in August...
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bookmarkTags: Australian property market, Property Market, property market update
59 Australian Suburbs Where Buying A House Is Cheaper Than Renting
Australian house prices have been rising at their fastest rate in 17 years, making houses more and more unaffordable for first home buyers. Prices increased by 18.4% over the last 12 months, and the Reserve Bank of Australia has estimated a further 17% rise to December 2021....
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bookmarkTags: Australian suburbs, rent or buy 2021
Property Market Experiences 16.1% Lift
Housing values rose 1.6% in July 2021. This increase takes Australia’s housing values 16.1% higher over the past 12 months and 14.1% higher over the first seven months of calendar 2021. CoreLogic research director Tim Lawless says, “The 16.1% lift in national...
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bookmarkTags: Australian property market, property market update