Author: Otto Dargan
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
Rate Cuts For Self-Employed Borrowers
A non-bank lender has announced that it has made rate cuts and waived some of its fees across its home loans products. This is geared towards supporting self-employed borrowers in investing in property or refinancing and consolidating their debts. The lender has slashed interest...
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bookmarkTags: Rate cut, rate slash, self-employed borrowers
Sydney’s Property Values Skyrocket
According to CoreLogic, Sydney’s property values have recovered beyond their peak in 2017. According to Tim Lawless, CoreLogic’s Executive Research Director, “Since housing values found a floor in October last year, Sydney home values have risen 5.7% to...
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bookmarkTags: auction, HomeBuilder, Property Market, Sydney
Property Affordability In Cities Hit A Decline
Now that the economic distress brought about by the COVID-19 pandemic is fading, the property market in Australia has become a seller’s market. Buyers are currently looking for larger accommodations after their experience with the lockdown and a rise in remote working...
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bookmarkTags: migration, property affordability
Mortgage Deferral Down At $32 Billion—Should You Worry?
The economic crisis brought by the COVID-19 pandemic last year prompted lenders to grant a mortgage deferral to borrowers. The mortgage ‘holiday’ acted as a relief for many. Of the total home loan takers across lender banks, 10% accepted the offer and paused their...
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bookmarkTags: Bad credit, deferral, home loan articles
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
House Prices See Fastest Rise In 17 Years
Australia’s housing market values are rising at the fastest rate in 17 years! The home value index for February 2021 was 2.1%, which is the largest month-on-month change in the index since 2003. According to Tim Lawless, Head of Research at CoreLogic, “The last...
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bookmarkTags: 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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What Will Happen To Australia’s Property Market In 2021?
In 2020, overall Australian home values were 3% higher, with regional housing values rising by 6.9% – over three times higher than that of combined capitals. In December, the national home value index rose 1%, which was the third consecutive month-on-month rise in home...
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bookmarkTags: Australian property, Australian property market