Author: Otto Dargan
Interest Rates On The Rise: Should You Still Buy A Home?
The Reserve Bank of Australia (RBA) has increased the cash rate for the sixth month in a row, taking it from 0.10 per cent in April to 2.85 percent with November’s 25-basis-point increase. With rates rising, repayment pain for borrowers has increased. The impact of the higher...
Read morefolderCategory: Property Market, RBA cash rate
bookmarkTags: property market 2022, property market november
Is Now The Best Time To Buy A House?
The Reserve Bank of Australia (RBA) has increased the cash rate for the sixth month in a row, taking it from 0.10 per cent in April to 2.60 per cent with October’s 25-basis-point increase. With rates rising, repayment pain for borrowers has increased. The impact of the higher...
Read morefolderCategory: Property Market
bookmarkTags: property market update
Property Market Predictions 2022-23 | What Is Ahead Of Us?
There has been a series of speculations over where the property market is heading in these uncertain times. Consecutive rate hikes have limited borrowing capacity and increased borrowers’ monthly repayments. The combination of falling property values and rising interest rates...
Read morefolderCategory: Property Market
bookmarkTags: property market predictions
Is 2022 A Good Time To Build A House?
The Australian construction sector has recovered considerably since the pandemic hit in 2020. Demand for home building has surged to record levels. However, the industry is struggling to meet that demand and those difficulties are expected to continue well into the future. ...
Read morefolderCategory: News
bookmarkTags: Construction
ANZ: Housing Affordability Improves – Buy Now Or Wait?
The ANZ CoreLogic Housing Affordability Report August 2022 has shown a bit of improvement in affordability due to the decline in home values. The report analysed housing affordability based on four metrics: Ratio of dwelling value to household income Years required...
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bookmarkTags: property affordability
How A 0.5-point Increase In Interest Rates Affects Your Borrowing Power
Rising interest rates affect more than just monthly repayments and the total cost of a home loan. They also reduce the borrowing power of anyone looking for a home loan. The effect is more pronounced than you might think due to serviceability buffers. A serviceability buffer...
Read morefolderCategory: Buffer Rate, Mortgage News
bookmarkTags: buffer rates, Cash Rates, Interest Rates
How Mortgage Brokers Help With Rising Rates
For many mortgage holders and potential borrowers, the consistent waves of interest rate rises are uncharted waters. The Reserve Bank of Australia raised the cash rate for the first time in 11 years in May and it has gone from 0.1% to 1.85% since then. The cash rate increase...
Read morefolderCategory: Home Loan Articles
bookmarkTags: interest rate, mortgage brokers
How Rising Interest Rates Affect Your Borrowing Power
After months of growth, Australia’s property prices have started to fall. Unfortunately, it’s not necessarily a time to celebrate. The cost of living is rising – making it harder to save for a deposit – and interest rates are as well, so your borrowing power is probably...
Read morefolderCategory: Home Loan Articles
bookmarkTags: Borrowing power, interest rate
High Interest Rates, Inflation, Financial Hardship: Here’s How You Can Prepare
The Reserve Bank of Australia (RBA) has begun raising its cash rate target, after more than a decade of low and falling cash rates. And the central bank anticipates several more rate hikes over the next two years. RBA Governor Philip Lowe says Australia’s cash rate will...
Read morefolderCategory: Financial Hardship, News, RBA cash rate
bookmarkTags: Financial Hardship, High Interest Rates, Inflation
Home Values Drop For The First Time Since September 2020
CoreLogic’s Home Value Index for May 2022 recorded its first national monthly decline since September 2020. National home values fell 0.1%. Sydney and Melbourne recorded falls of 1% and 0.7%, respectively. Canberra experienced its first monthly decline (-0.1%) since July...
Read morefolderCategory: Property Market
bookmarkTags: Australian property market, property market update