Australia’s AAA credit rating has today been reaffirmed by Fitch, with Australia one of only nine countries to hold a AAA credit rating from all three major credit rating agencies. In its report, Fitch notes that our economy “has weathered the pandemic well compared with peers”, pointing to Australia’s “successful virus containment” and an “effective …
Australia’s second biggest bank has predicted a 20 per cent jump in Australian property prices between now and 2023, which would see the value of homes in Sydney surge by $200,000. Westpac said record-low interest rates of just 0.1 per cent would see real estate values in our nation’s capital cities rise by 10 per …
Westpac forecasts 20 per cent jump in Australian house prices Read More »
National Australia Bank has slashed a slew of fixed home loan rates, as the COVID-19 economic downturn continues. The major banking group has cut between five and 55 basis points off a number of fixed mortgages, with some owner-occupier loans dipping below 2 per cent. NAB’s three-year fixed rate has been shaved by 11 basis …
Shared by Champion Group of Companies. Written by Sue Williams Domain Reporter | Feb 19, 2021 It is currently cheaper to buy a home than pay rent in over a third of all the Australian suburbs for which there are reliable statistics, a landmark Domain study has found. Even more shocking is the fact that, …
Where it’s cheaper to buy property than rent across Australia Read More »
The CBA is forecasting a surge in house prices over the next two years of up to 16 per cent, while unit price-growth will be more muted at 9 per cent. According to the CBA, lending rates have lifted sharply, signalling a housing market on the “cusp of a boom”. “The increase in new lending …
After a tumultuous year, home owners are exploring new possibilities, which may challenge established ideas. “The coronavirus pandemic has changed people’s attitudes away from units towards houses, and the regional centres over inner-city areas, which is contrary to the trend of the past 20 or so years,” says AMP Capital chief economist Shane Oliver. “Working …
How first-home buyers, upsizers and borrowers can get ahead in 2021 Read More »
