Author: Otto Dargan
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...
Read morefolderCategory: Property Market
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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bookmarkTags: Australian property market, Property Market
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
Australians Are Paying Too Much On Their Home Loan: ACCC
Australians with older home loans are losing thousands of dollars by not checking for better home loan rates. Borrowers are spending far too much repaying their home loans by not seeking a lower interest rate from their exisitng lender or switching to a new lender. You...
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bookmarkTags: home loans, Refinance
Pros And Cons Of Interest Rate Drop
On November 3rd, the Reserve Bank of Australia (RBA) announced a record low interest rate cut that reduced the cash rate to an unprecedented 0.10 per cent. A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the client has,...
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bookmarkTags: fixed or variable, interest rate drop, RBA rate cut
Australian Property Market Update: November 2020
The Australian property market is continuing its recovery, with housing values for November 2020 rising 0.8%. This is on the back of the 0.4% rise in October 2020. Melbourne’s values experienced a 0.7% growth, surpassing the 0.4% and 0.6% growth experienced by...
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bookmarkTags: Australian property, Australian property market, Property Market
Should You Buy A House During A Recession?
Australia is currently in a COVID-19 induced recession. However, this recession is different because: This is a COVID-19 induced recession and not caused by economic downturns. The government implemented lockdowns to control the spread of coronavirus which led to a contraction...
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bookmarkTags: home buyers
Victoria Announces Stamp Duty Waivers Plus $6 Billion For Housing
In its 2020-2021 state budget, the Victorian government announced that it will invest $6 billion to build more than 12,000 new social and affordable homes and make housing more accessible and affordable for Victorians. According to the government, the package is Australia’s...
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bookmarkTags: Stamp Duty, Victoria