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Month: May 2022

A rate lock can prevent you from forecast rate rises

A rate lock can prevent you from forecast rate rises

The big four banks have forecast that the Reserve Bank will begin lifting official interest rates from June. If and when that happens, lenders will almost certainly increase their home […]

Posted on May 31, 2022May 17, 2022 by admin Continue reading
Median repayment buffers double from 10-21 months

Median repayment buffers double from 10-21 months

Most mortgage holders will be able to cope if and when interest rates start rising.   That’s one of the findings from the Reserve Bank of Australia’s (RBA) latest half-yearly […]

Posted on May 30, 2022May 17, 2022 by admin Continue reading
Supply chain issues trigger sharp rise in homebuilding costs

Supply chain issues trigger sharp rise in homebuilding costs

National residential construction costs increased 9.0% over the 12 months to March 2022, according to CoreLogic’s Cordell Construction Cost Index.   That was the highest annual growth rate on record […]

Posted on May 29, 2022May 17, 2022 by admin Continue reading
More buyers now eligible for federal housing incentives

More buyers now eligible for federal housing incentives

The federal government has expanded its support to first home buyers and single parents, and has also released a new program for regional buyers.   The First Home Loan Deposit […]

Posted on May 28, 2022May 17, 2022 by admin Continue reading
More and more Australians choosing brokers over banks

More and more Australians choosing brokers over banks

Mortgage brokers were responsible for 66.5% of all new home loans in the December quarter, according to the latest data from research group Comparator.   That is not only a […]

Posted on May 27, 2022May 17, 2022 by admin Continue reading
Why your student loan can make it harder to get a home loan

Why your student loan can make it harder to get a home loan

When it comes to classifying debt as either ‘good’ or ‘bad’, borrowing to fund your education or buy a property are generally regarded as good debt, because both tend to […]

Posted on May 26, 2022May 17, 2022 by admin Continue reading
Price gap between houses and units hit record levels

Price gap between houses and units hit record levels

Buying a typical house will now cost you almost 30% more than buying the typical unit.   CoreLogic has reported that, at the end of February, Australia’s median house price […]

Posted on May 25, 2022May 17, 2022 by admin Continue reading
Property investor activity grows 67.8% year-on-year

Property investor activity grows 67.8% year-on-year

The official data confirms what you might’ve heard anecdotally – property investors are very active right now.   Property investors took out $33.7 billion of home loans in January, according […]

Posted on May 24, 2022May 17, 2022 by admin Continue reading
Property prices growing at various rates across the country

Property prices growing at various rates across the country

Australia’s property market enjoyed extraordinary growth during 2021, but a city-by-city breakdown shows that different markets are at different stages of their cycle. Looking at a basket of all Australian […]

Posted on May 23, 2022May 17, 2022 by admin Continue reading
Hordes of Aussies building their dream home

Hordes of Aussies building their dream home

There’s a house building boom going on right now, partly because of the now-concluded HomeBuilder incentive and partly because interest rates are so low.   Building work started on a […]

Posted on May 22, 2022May 17, 2022 by admin Continue reading

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