Author: Otto Dargan
Property Prices Surge 13.5% In 2020-21; Highest Growth Rate Since 2004
Property prices rose 1.9% in June. All of the capital cities experienced a rise in property values. Perth had the smallest increase, at 0.2%, and Hobart’s 3% was the largest. Sydney had a 2.6% increase while Melbourne had a 1.5% increase. Regional Australia’s 2% price growth...
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bookmarkTags: Australian House Prices, Australian property, property market update
Western Australia Is A Strong Choice For The First Home Buyers
According to new research, more than 22,000 new housing loans to first home buyers in Western Australia were approved in the ten months between July 2020 and April 2021, nearly double for the same period the year before. In comparison to New South Wales and Queensland property...
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bookmarkTags: first home buyers, Perth Mortgage Brokers, WA First Home Buyers, WA Property Market
Property Still Booming, As Values Rise 2.2% In May
CoreLogic data shows that the home value index for May was up 2.2%. The rise in May was stronger than in April, when prices rose by 1.8%. However, the rise is still weaker than the 32-year-high recorded in March 2021, which was 2.8%. The combined capital city home values...
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Cash Rates Unchanged In June: Investors Moving In
The rapid surge in housing prices throughout 2021 hasn’t affected RBA’s stand on the cash rates. The bank held the cash rates at 0.1 per cent in June and is adamant that it will keep the cash rates low until at least 2023. This has helped in creating a property boom...
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bookmarkTags: Investment lending, property prices, RBA cash rates
If Interest Rates Are Rising, Should You Fix Your Loan Now?
In the past few weeks, Australia’s major banks have begun raising their long-term fixed interest rates. Experts predict that interest rates might get adjusted higher in July again. So, as borrowers, it makes perfect sense to ask, “Should I fix my loan now?” With...
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bookmarkTags: buy home 2021, fix your loan, interest rate rising
Australians Anxious About Buying A Home
An online bank owned by NAB surveyed 1,031 Australians from 8 to 10 March 2021. The results from the survey revealed Australians want to buy a home, but they needed more information regarding home loans: 44% of non-homeowners are anxious about buying their first home....
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bookmarkTags: First home Buyer, investment property, Mortgage Broker
How COVID-19 Has Affected The Regional Property Market
One of the most significant impacts of COVID-19 in Australia has been the ‘working from home’ shift. According to the Household Impacts of COVID-19 Survey in February, 41% of people with a job have worked from home at least once a week in February 2021. Before March 2020,...
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bookmarkTags: COVID-19 effects, Investors, Regional property market
Family Home Guarantee – Is It Accessible By The Lower Class?
The new Family Home Guarantee scheme, allows single parents to buy a property with as little as a 2% deposit. The government acts as a guarantor to waive the need for the lender’s mortgage insurance. However, single parents fear that they could struggle to be approved for...
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bookmarkTags: Family Home Guarantee, Family Home Guarantee Scheme
The Most Affordable New Cars In Australia Today
error The article was written by Nodifi. To provide you with the best product and services, we partnered with Nodifi to bring you tailored asset finance solutions. Firstly, ‘affordable’ doesn’t have to mean ‘cheap’. We’ve listed cars in different categories...
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