Category Archives: Real Estate News
Why interest rates are on the move
Australia’s official cash interest rate might be on hold for the moment, but unfortunately the same can’t be said for most people’s mortgage rates. Banks and lenders have raised their fixed and variable for owner-occupiers and investors over the last month. Investors have experienced the most significant price increases, with principal & interest loans increasing […]
Key property measures from the Federal Budget 2017
Looking to buy or sell this year? Wondering if the latest Federal Budget will affect your plans? This year’s Federal Budget has brought about a number of changes to the property industry. While this year’s changes may not be the saviours that some people had hoped for, particularly in regards to housing affordability, they might […]
Is 2017 the year to sell property?
A large percentage of Australians believe that 2017 is a good time to sell, according to a recent study commissioned by LocalAgentFinder. The study, done in partnership with insights company PureProfile, surveyed 1,001 Australians and found that 62 per cent of Australian home owners believe 2017 will be a good year to buy, while 73 […]
Fixed rate deals have hit the bottom of the cycle
If you’ve been waiting for the best fixed rate home loan deals you’re going to need to move fast with the four major banks announcing increases to their fixed interest rates. Commonwealth Bank, Westpac, NAB and ANZ have all announced increases in their fixed loan deals with hikes across both owner occupier and investment products. Interest […]
Housing market makes a strong start for the year
Six capital cities have seen solid price growth during the first quarter of the year, according to Domain. The Domain State of the Market Report for the March quarter revealed that the national median housing price has grown by 2.2 per cent over the first 3 months of the year, making for a 10.2 per cent […]
Home renovations popular amongst Gen Y
Australia is a nation that loves to renovate, with Generation Y being the most likely to pick up a hammer and nail, according to Westpac’s Home Ownership Report. The report revealed that more than three-quarters (76%) of Australian home owners are on their home renovating journey, up by 12 per cent since 2015. Of those, almost half […]
The RBA’s tricky predicament
After keeping the national cash rate on hold for the eighth consecutive month, many are questioning the Reserve Bank’s next moves. On the one hand the RBA would probably like the opportunity to lower rates to help lift unemployment, lower the Australian dollar and help fuel the economy, however there is one major thing that […]
Capital city growth reaches new high point
Housing affordability has been a hotly contested topic of late and it isn’t going to go away anytime soon with CoreLogic’s Hedonic Home Value Index for February 2017 showing a further increase in the value of capital city dwellings in February, with values rising 1.4% over the month. According to CoreLogic head of research Tim […]
Are owner-occupier rates headed upwards?
Both NAB and Westpac have decided to lift their standard variable mortgage rate for owner-occupiers, despite the RBA’s decision earlier this month to keep rates on hold. NAB’s new rate is up by 7 basis points to 5.32 per cent per annum, effective from Friday. This will equates to an extra $13 a month for […]
Where is Sydney on the property clock?
If you think the Sydney housing market house has reached its peak then you may be disappointed, with a new report revealing that property prices are still headed upwards. The Herron Todd White National Property Clock for February 2017 predicts that Sydney will provide yet another year of steady growth. The report’s property clock puts […]
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