Author: Otto Dargan
Off-the-plan Apartments On Demand: A New Trend In The Property Market
Most Australians are being priced out of the housing market as the costs soar high. An increasing number of people are looking at existing apartments or those for sale off the plan as a very viable option. These ‘off the plan‘ purchases are a popular choice among...
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bookmarkTags: apartment off the plan, Australian property market, off the plan home loan, off the plan property
Budget 2021: Support For First Home Buyers & Single Parents
The 2021/22 Federal Budget focuses largely on recovery, to plug remaining gaps in the Australian economy. The 2021 budget is here. It’s the second budget in just six months, following last year’s delayed COVID budget. It has a range of steps to support first-home buyers...
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bookmarkTags: Budget 2021, budget 2022
Is The RBA Powering The Property Boom In Australia?
The RBA announced its Term Funding Facility last year to reduce the funding cost problem across the economy. The funding facility aimed at providing cheap funds, and this was leveraged well by lender banks. Lender banks, because of the cheap funds, were able to attract...
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bookmarkTags: property boom, RBA
Brisbane’s Property Boom – The Best Place To Buy Right Now
Brisbane, in particular, is performing very well and has the potential to outperform Sydney and Melbourne as the two leading cities hit their peaks. In Brisbane, the upmarket suburbs near the city have joined the $1million median house price club after constant price growth....
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bookmarkTags: Australian property, Australian property market, Brisbane property, Brisbane Property Market, Investment
The Goldilocks Zone – Where Millennials Are Buying Properties
Millennials are usually kept out of the property market when prices rise because it means they would need a bigger deposit. Since the pandemic has made remote working more common, many Millennials have found they no longer need to reside near Central Business Districts...
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bookmarkTags: First home Buyer, property affordability
The RBA Holds The Cash Rates Low For Now But Things May Change Soon
Even with the rapid surge in housing prices in the last few months, the RBA held the cash rates at 0.10% again. They have repeatedly insisted that the rates won’t be raised until 2024, and while it holds now, experts think it might change much sooner. “Today’s decision...
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bookmarkTags: Cash Rates, Housing Prices, mortgage brokers, RBA Announcement
House Values Experience Fastest Growth In 32 Years
CoreLogic’s home value index recorded a 2.8% rise in March 2021 which is the fastest rate of growth experienced by the housing market since October 1988. Sydney and Melbourne’s recovery has finally outperformed many of the smaller cities that were leading the charge...
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bookmarkTags: Australian property, Australian property market, Property Market
Australian Property Prices To Go Further Up By 17%?
According to ANZ’s latest predictions, Australian property prices for the next few months will now be up by 17%. While ANZ earlier predicted only a 9% raise, the sharp property price upsurge in November led it to contradict this statement. Sydney and Perth have the...
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bookmarkTags: Property Market, property price, property price hike
Auction Figures Declining After A Steady Rise
Auction volume has dipped this week following an acceleration in the previous weeks. Typically the market peaks before Easter, so it’s no surprise to see this drop-off, but given the current surge in prices, the market might behave differently in 2021. Fewer homes are scheduled...
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bookmarkTags: auction, Australian property market, Property Market, property market update
House Prices See Fastest Rise In 17 Years
Australia’s housing market values are rising at the fastest rate in 17 years! The home value index for February 2021 was 2.1%, which is the largest month-on-month change in the index since 2003. According to Tim Lawless, Head of Research at CoreLogic, “The last...
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bookmarkTags: Australian property market, Property Market, property market update