From July 1, a total of 32 lenders will offer the federal government’s flagship housing assistance program. Five new lenders have just signed up for the Home Guarantee Scheme […]
Property Values Have Doubled in Seven Years
The combined value of all the residential properties in Australia has passed the $10 trillion mark for the first time. Australia’s pool of homes was worth $10.2 trillion in […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]