Author: Otto Dargan
High-End Sydney Home Prices Rise Twice The Rate Of Cheaper Properties
The higher end of Sydney’s property market is rising twice as fast as the mid-range market, and four times faster than the lower-end market. Annually, mid-priced houses are up 14.1% to a new peak of $1.05 million, while the cheapest houses are up 10% to a record $528,000. COVID-19...
Read morefolderCategory: Mortgage News
bookmarkTags: Australian property market, rentvesting, Turnaround time
Off-the-plan Apartments On Demand: A New Trend In The Property Market
Most Australians are being priced out of the housing market as the costs soar high. An increasing number of people are looking at existing apartments or those for sale off the plan as a very viable option. These ‘off the plan‘ purchases are a popular choice among...
Read morefolderCategory: Mortgage News
bookmarkTags: apartment off the plan, Australian property market, off the plan home loan, off the plan property
Rising Interest Rates And Property Prices Catch A New Pace In Australia
The property prices and interest rates in Australia see a climb in 2021. We can attribute much of this to government schemes and policies, especially the most recent rise as witnessed in May. Starting with the rising interest rates for home loans, last week, we had anticipated...
Read morefolderCategory: Mortgage News
bookmarkTags: interest rate, property price
Budget 2021: Support For First Home Buyers & Single Parents
The 2021/22 Federal Budget focuses largely on recovery, to plug remaining gaps in the Australian economy. The 2021 budget is here. It’s the second budget in just six months, following last year’s delayed COVID budget. It has a range of steps to support first-home buyers...
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bookmarkTags: Budget 2021, budget 2022
Can I Pay LMI Monthly Without Adding To My Loan?
Ever found yourself unable to save enough deposit to avoid paying lenders mortgage insurance on a home loan? Lenders mortgage insurance (LMI) protects lenders in the event that a borrower defaults on a loan. In most cases, you are required to pay LMI if you borrow more than...
Read morefolderCategory: Lenders Mortgage Insurance
bookmarkTags: Lenders Mortgage Insurance, monthly lmi
Will Housing Affordability Increase In 2022?
With a potential change in the current downsizer scheme, housing affordability could increase in 2022. The price of housing grew by 1.8% in just a month in April. The median national price of a dwelling rose from $624,997 to $636,23, which is six times higher than the average...
Read morefolderCategory: Mortgage News
bookmarkTags: budget 2022, Downsizer scheme, First home Buyer, Housing Affordability
Is The RBA Powering The Property Boom In Australia?
The RBA announced its Term Funding Facility last year to reduce the funding cost problem across the economy. The funding facility aimed at providing cheap funds, and this was leveraged well by lender banks. Lender banks, because of the cheap funds, were able to attract...
Read morefolderCategory: Mortgage News
bookmarkTags: property boom, RBA
Investment Lending Experience Fastest Growth In 18 Years
Australian Bureau of Statistics (ABS) figure shows investor lending up 12.7% in March, compared to a 0.9% dip in first home buyers. As expected from the rise in property prices, lending figures in March and April showed home buyers dropping slightly. Investor lending committed...
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bookmarkTags: first home buyers, Pre approval, Property Investors, property price
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