Author: Otto Dargan
Brisbane’s Property Boom – The Best Place To Buy Right Now
Brisbane, in particular, is performing very well and has the potential to outperform Sydney and Melbourne as the two leading cities hit their peaks. In Brisbane, the upmarket suburbs near the city have joined the $1million median house price club after constant price growth....
Read morefolderCategory: Mortgage News
bookmarkTags: Australian property, Australian property market, Brisbane property, Brisbane Property Market, Investment
The Goldilocks Zone – Where Millennials Are Buying Properties
Millennials are usually kept out of the property market when prices rise because it means they would need a bigger deposit. Since the pandemic has made remote working more common, many Millennials have found they no longer need to reside near Central Business Districts...
Read morefolderCategory: Property Market
bookmarkTags: First home Buyer, property affordability
The RBA Holds The Cash Rates Low For Now But Things May Change Soon
Even with the rapid surge in housing prices in the last few months, the RBA held the cash rates at 0.10% again. They have repeatedly insisted that the rates won’t be raised until 2024, and while it holds now, experts think it might change much sooner. “Today’s decision...
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bookmarkTags: Cash Rates, Housing Prices, mortgage brokers, RBA Announcement
Australian Property Prices To Go Further Up By 17%?
According to ANZ’s latest predictions, Australian property prices for the next few months will now be up by 17%. While ANZ earlier predicted only a 9% raise, the sharp property price upsurge in November led it to contradict this statement. Sydney and Perth have the...
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bookmarkTags: Property Market, property price, property price hike
Auction Figures Declining After A Steady Rise
Auction volume has dipped this week following an acceleration in the previous weeks. Typically the market peaks before Easter, so it’s no surprise to see this drop-off, but given the current surge in prices, the market might behave differently in 2021. Fewer homes are scheduled...
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bookmarkTags: auction, Australian property market, Property Market, property market update
Brisbane Is Booming
Australia’s sunshine capital is experiencing a boom right now, with prices growing in all regions in Brisbane in February 2021. According to CoreLogic figures, property prices in all the regions of Brisbane grew in February 2021. The February increase is the steepest rise...
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bookmarkTags: Brisbane, Property Market
Australian Property Market Update: January 2021
Australia’s housing market is experiencing a recovery, with home values rising by 0.9% in January 2021. All the capital and regional cities record a rise in their home values, with regional capitals averaging 1.6% growth while capital cities averaged 0.7%. Why...
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bookmarkTags: Australian property market, Property Market
Australians Are Paying Too Much On Their Home Loan: ACCC
Australians with older home loans are losing thousands of dollars by not checking for better home loan rates. Borrowers are spending far too much repaying their home loans by not seeking a lower interest rate from their exisitng lender or switching to a new lender. You...
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bookmarkTags: home loans, Refinance
Should You Buy A House During A Recession?
Australia is currently in a COVID-19 induced recession. However, this recession is different because: This is a COVID-19 induced recession and not caused by economic downturns. The government implemented lockdowns to control the spread of coronavirus which led to a contraction...
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bookmarkTags: home buyers
Victoria Announces Stamp Duty Waivers Plus $6 Billion For Housing
In its 2020-2021 state budget, the Victorian government announced that it will invest $6 billion to build more than 12,000 new social and affordable homes and make housing more accessible and affordable for Victorians. According to the government, the package is Australia’s...
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bookmarkTags: Stamp Duty, Victoria