What career path you follow could determine where you live, and what type of home you can buy, as Australia’s property prices continue to soar and affordability tumbles. New research conducted by CoreLogic comparing national dwelling values and average incomes demonstrated that low income workers are only able to afford 17.6 per cent of available …
Ultra-low home loans could be on the way out with the nation’s biggest lender hiking rates for the second time since March. Commonwealth Bank has upped its three and four year fixed term owner occupier rates by five basis points and 10 basis points on investor only loans. CBA’s decision to hike its three-year rate …
Commonwealth Bank has bumped up its three and four year fixed rates on home loans Read More »
Housing prices are rising at the fastest rate in 30 years and many people are wondering whether it’s a good time to buy. Lloyd Edge, director of buyers agency Aus Property Professionals, said it was definitely a seller’s market at the moment and this made it harder for investors for find the right type of …
Why it’s a good time to buy a property despite huge price increases Read More »
Written by Michael Yardney Is it better to invest in a house or an apartment? That’s an age old question, but the shift-change to a new working and home life prompted by the COVID-19 pandemic, combined with a loss of confidence thanks to some shoddy high-rise apartment buildings during the last building boom has seen …
Apartments vs house: What’s the best investment in today’s market? Read More »
NAB and Macquarie have today joined 15 other lenders in hiking their four and five year mortgage rates. NAB will increase its four and five year fixed term rates by up to 0.25 per cent for owner-occupier loans with principal and interest repayments. Macquarie Bank has also increased the rate on its four and five …
State Treasurer Tim Pallas will hit high-end property buyers, well-off landlords and exclusive men-only clubs with big hikes on stamp duty and land tax in an attempt to begin the tough task of budget repair. Developers and land speculators who reap windfall gains when their property is rezoned would also be hit with a …
Treasurer to whack landlords, high-end property buyers with $2.4b tax hike Read More »
Aussies love real estate, and if it means going into long-term debt to live the dream, so be it. About 60 per cent of the nation’s more than 10 million properties are under mortgage. Analytics and intelligence provider CoreLogic estimated this week the Australian bricks and mortar market is worth an astounding $8.1 trillion. Despite …
First home buyers trying to enter Australia’s red-hot property market are set to be offered some relief under a number of new initiatives announced in this year’s Federal Budget. Despite property prices rising at the fastest month-on-month rate in 33 years, Treasurer Josh Frydenberg told the parliament that “under the Coalition, home ownership will always …
Federal Budget 2021: All the major property tricks for first homebuyers explained Read More »
Brisbane home values are rising faster than southern giants, latest data shows, with soaring demand set to drive prices up even further as RBA keeps rates at record lows for another two years. Brisbane is set to benefit off the Reserve Bank board keeping the official interest rate on hold at 0.1 per cent at …
Why Brisbane is a better place to buy into than Sydney, Melbourne Read More »
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