Once interest rates go up, they will continue to go up very quickly, and mortgage holders will bear the brunt of the pain. Mortgage holders have been dreading the day the Reserve Bank of Australia hikes up interest rates but they are underestimating how quickly it will rise – once the floodgate opens, an expert …
Borrowers warned of multiple interest rate hikes once RBA opens up floodgates Read More »
Affordable towns and suburbs across Queensland have emerged as the shining stars of the property boom, with strong growth markets now emerging in some unlikely places. From family budget-friendly suburbs on the Gold Coast to tourist and outback towns and affordable suburbs in major regional cities, 17 of Australia’s top 100 ‘supercharged’ suburbs are in …
An Aussie mortgage holder with $500,000 owing could see their monthly repayments rise by more than $200 if forecasts of an earlier interest rate hike are realised. The Commonwealth Bank is now expecting rates to be increased in June following higher than expected levels of inflation and strong employment figures. Currently, CBA expects the RBA to lift rates …
How much it will cost Aussie mortgage holders if interest rates are hiked in June Read More »
Home buyers could face higher mortgage repayments as early as June as financial markets and economists warn a rapid run-up in inflation could force the Reserve Bank to lift official rates above 2 per cent within a year. In a development that feeds into growing federal concerns about cost-of-living pressures ahead of an election due …
Interest rate rises expected in June with mortgage repayments to rise Read More »
The newfound surge in popularity of the regional and coastal markets has made rentvesting outside the cities more appealing due to the increased likelihood of finding tenants, experts explain. Property prices have risen throughout the pandemic – in the year to November 2021, dwelling prices rose 23% in capital cities and 30% in the regions, a …
Newcastle’s booming property market is testing buyers in different ways. The latest market update from property analysts CoreLogic revealed Newcastle and Lake Macquarie’s median house price hit $882,000 in January, a rise of $300,000 since October 2020. The Hunter Valley is experiencing an even faster growth rate, adding $200,000 to its median house price since Feburary. Avery …
Newcastle’s booming housing market makes tough going for buyers Read More »
Ask Reserve Bank governor Philip Lowe why house prices are so high and you’ll get a telling response. The RBA freely admits that record-low interest rates have created a cheap money binge that’s lit a fire under house prices during COVID, allowing people to bid up prices at auction and largely killing the Australian dream for many others …
What are borrowing expenses? These are expenses directly incurred in taking out a loan for the purchase of your rental property. They include: loan establishment fees lender’s mortgage insurance (insurance taken out by the lender and billed to you) stamp duty charged on the mortgage title search fees charged by your lender costs for preparing …
Sydney’s house prices are now double that of units, growing four times faster during the past year, new analysis shows. The record price gap follows a surge in Sydney house prices, which rose 33.1 per cent last year, adding nearly $1100 each day, or $400,000 in 12 months, according to Domain’s quarterly House Price Report. …
Record Price Gap Between Sydney Homes and Apartments Read More »
The number of foreign buyers snapping up Australian property has taken a significant hit, new figures show, but those that are buying here are much more likely to stay for the long term. New Foreign Investment and Review Board figures reveal overseas spending on Australian homes dropped from $8.5 billion in the 2017-2018 financial year …
Property sales to foreigners down as new type of buyer emerges Read More »
