Remember 2003? Well, that was the last time property prices were rising this fast. Across Australia, the median property price jumped 2.1% in February, according to CoreLogic. That was […]
Mortgage deferrals keep falling
The vast majority of borrowers are now paying their mortgages, with only 2.4% of home loans on pause at the end of December, according to new data. Banks allowed Australians […]
Balance of power tips further in landlords’ favour
It’s a great time to be a property investor, with vacancy rates falling throughout Australia. Vacancy rates fell in six capital cities between December and January, and held steady […]
ATO warns Australians about fake calls demanding money
Beware: there has been a spike in automated scam calls impersonating the Australian Taxation Office. Scammers are calling people to claim the ATO has suspended their tax file number […]
Interest payments reach 25-year low
Record-low interest rates are helping drive strong buyer interest and surging prices in many property markets throughout Australia. The share of income that households are devoting to mortgage repayments […]
New home sales jump 91.8% in December
The federal government’s HomeBuilder grant has led to the largest number of new home sales in two decades, according to new data. The Housing Industry Association (HIA) has reported […]
Big fall in the number of for-sale properties
If you’re in the market and you’re struggling to find property, there’s a good reason – the number of homes listed for sale had an unexpectedly large fall in December. […]
Australia’s mortgage market has been getting safer
Banks have raised their lending standards over the past decade or so, by reducing their volume of low-deposit and interest-only loans. The share of home loans with a loan-to-value […]
New law gives consumers another reason to use brokers
Great news for anyone planning to take out a home loan – new legislation means consumers are even better protected when they use a mortgage broker. The Best Interests […]
Real estate values keep rising, despite pandemic
Median price growth for the month of November ranged from 0.4% in Sydney to 1.9% in Darwin and Canberra. Over the year to November, prices grew in all capitals […]