Author: Otto Dargan
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...
Read morefolderCategory: Mortgage News
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
Rental Yield Outside Of Major Cities Improving—Good News For Investors?
Earlier this month, we reported that many cities in Australia were experiencing an upward pace in rental income. A lot of cities saw a sudden spike in asking prices for rents, following a low during COVID-19. Investors with rental properties were looking at huge profits....
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bookmarkTags: Investment, investment property, rental income
HomeBuilder Applications Now Closed
The HomeBuilder grant application submission, which was extended until 14 April 2021, has now officially closed. Existing applicants have until 30 April 2023 to submit all supporting documents (such as invoices for work done, and proof that construction has started) to their...
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bookmarkTags: First home Buyer, HomeBuilder
Strong Auction Results: Why Is The Auction Market Hot Right Now?
Australians who traditionally have worked in central business districts (CBDs) are now choosing to work remotely, which has led them to purchase properties in the emerging suburbs. In connection with increasing house prices, which have seen some buyers priced out of certain...
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bookmarkTags: auction, auction market, Australian property market, emerging suburb
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
House Values Experience Fastest Growth In 32 Years
CoreLogic’s home value index recorded a 2.8% rise in March 2021 which is the fastest rate of growth experienced by the housing market since October 1988. Sydney and Melbourne’s recovery has finally outperformed many of the smaller cities that were leading the charge...
Read morefolderCategory: Property Market
bookmarkTags: Australian property, Australian property market, Property Market
Total Mortgage Debt In Australia On An Increasing Trend!
The latest monthly authorised deposit-taking institutions statistics (MADIS) for February 2021 shows Australia’s total mortgage debt increased by 0.3% ($9.7 Billion). This figure has come as a surprise to many. High property prices have affected the bottom 60% of income...
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bookmarkTags: Australian property market, mortgage debt
Who’s Behind The Surge In Property Prices?
There have been many discussions lately around whether the Australian Prudential Regulation Authority (APRA) will introduce regulations to slow Australia’s rising property prices. The watchdog has argued that as the rising prices are being driven by first home buyers, not...
Read morefolderCategory: Mortgage News
bookmarkTags: Australian property market, First home Buyer, Property Market