Author: Otto Dargan
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
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...
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bookmarkTags: Australian property market, First home Buyer, Property Market
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
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