Author: Otto Dargan
Banks Now Accept Self-Employed Salary As Income
If you’re self-employed and you get a regular salary from your business, you can now use it as income to apply for a home loan. Before this change, most lenders required self-employed borrowers to provide at least 2 years’ worth of tax returns, financials and notices...
Read morefolderCategory: Policy Changes
bookmarkTags: self-employed borrowers
How To Buy A House In A Hot Market
The Australian housing market is a hotspot right now. Absorption rates are high, real-estate prices are soaring and inventory levels are low – all indicating a seller’s market. Plenty of buyers remain undeterred. Nearly 598,000 house and unit sales took place across Australia...
Read morefolderCategory: Property Market
bookmarkTags: Australian property market, home buyers
Property Market Still Booming, Affordability Challenges Loom Larger
Australia’s housing market is still on the rise, despite the lockdowns. However, the rate of growth is losing steam and August marked the lowest monthly rise in housing values since January. CoreLogic’s national home value index shows housing values grew 1.5% in August...
Read morefolderCategory: Property Market
bookmarkTags: Australian property market, Property Market, property market update
Property Market Experiences 16.1% Lift
Housing values rose 1.6% in July 2021. This increase takes Australia’s housing values 16.1% higher over the past 12 months and 14.1% higher over the first seven months of calendar 2021. CoreLogic research director Tim Lawless says, “The 16.1% lift in national...
Read morefolderCategory: Property Market
bookmarkTags: Australian property market, property market update
Property Prices Surge 13.5% In 2020-21; Highest Growth Rate Since 2004
Property prices rose 1.9% in June. All of the capital cities experienced a rise in property values. Perth had the smallest increase, at 0.2%, and Hobart’s 3% was the largest. Sydney had a 2.6% increase while Melbourne had a 1.5% increase. Regional Australia’s 2% price growth...
Read morefolderCategory: Property Market
bookmarkTags: Australian House Prices, Australian property, property market update
Property Still Booming, As Values Rise 2.2% In May
CoreLogic data shows that the home value index for May was up 2.2%. The rise in May was stronger than in April, when prices rose by 1.8%. However, the rise is still weaker than the 32-year-high recorded in March 2021, which was 2.8%. The combined capital city home values...
Read morefolderCategory: Property Market
bookmarkTags: property market update
Cash Rates Unchanged In June: Investors Moving In
The rapid surge in housing prices throughout 2021 hasn’t affected RBA’s stand on the cash rates. The bank held the cash rates at 0.1 per cent in June and is adamant that it will keep the cash rates low until at least 2023. This has helped in creating a property boom...
Read morefolderCategory: Mortgage News
bookmarkTags: Investment lending, property prices, RBA cash rates
How COVID-19 Has Affected The Regional Property Market
One of the most significant impacts of COVID-19 in Australia has been the ‘working from home’ shift. According to the Household Impacts of COVID-19 Survey in February, 41% of people with a job have worked from home at least once a week in February 2021. Before March 2020,...
Read morefolderCategory: Mortgage News
bookmarkTags: COVID-19 effects, Investors, Regional property market
The Most Affordable New Cars In Australia Today
error The article was written by Nodifi. To provide you with the best product and services, we partnered with Nodifi to bring you tailored asset finance solutions. Firstly, ‘affordable’ doesn’t have to mean ‘cheap’. We’ve listed cars in different categories...
Read morefolderCategory: Asset Finance
bookmarkTags: Nodifi
How To Get A Car Loan With A Cosigner
error The article was written by Nodifi. To provide you with the best product and services, we partnered with Nodifi to bring you tailored asset finance solutions. Credit lenders can decline loan applicants for a variety of reasons – poor credit history, applicant...
Read morefolderCategory: Asset Finance
bookmarkTags: Nodifi