Author: Otto Dargan
Biggest Boom In Property Prices Since 1989
CoreLogic data revealed that housing values rose 1.1% in January 2022. Property prices jumped by 22.4% over the last 12 months, which was the biggest annual increase since the year to June 1989. A typical Australian home now costs $131,326 more than a year ago. What Happened...
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bookmarkTags: Australian House Prices, property market update, Regional property market
Property Market Predictions 2022 | Home Loan Experts
CoreLogic data revealed that Australian housing values were 1% higher in December 2021 than a month earlier, slowing down from a 1.3% rise in November 2021. The growth momentum slowed down sharply in Sydney and Melbourne. Both cities recorded their softest reading since...
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Regional Property Price Growth Doubles That Of Capital Cities
CoreLogic data shows housing values moved 1.3% higher in November 2021. This is the 14th consecutive month of positive growth. National housing values are 22.2% higher over the past 12 months. The rise adds approximately $126,700 to the median value of an Australian home. Figure:...
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bookmarkTags: Australian property market, property market update
Housing Values Edge 1.5% Higher, But Growth Is Easing
CoreLogic data shows housing values rose 1.5% in October 2021. However, Australia’s property market is slowly experiencing a loss from its peak monthly growth momentum of 2.8% in March 2021. Now, the growth rate is at 1.5%. Even though the monthly pace of growth is easing,...
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folderCategory: First Home Buyers
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What Is The RBA Cash Rate And How Does It Affect Your Mortgage?
Interest rates are on the rise. Home Loan Experts can help you save money in this difficult environment. Call 1300 889 743 or fill in our free assessment form to speak to one of our expert brokers today! close info Interest rates are on the rise....
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folderCategory: Property Market
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$500 Million Victorian Homebuyer Fund | Who Can Apply?
On 8 October, Premier Dan Andrews revealed a $500 million Victorian Homebuyer Fund (VHF) to help 3,000 aspiring home buyers purchase a property in the state. The biggest benefit of the scheme is that you can buy a home in Victoria with a deposit as low as 5%. The Victorian...
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bookmarkTags: government scheme, low deposit home loan, Victoria
Interest Rate Buffers Are Going Up, To Bring Debt Levels Down
The Australian Prudential Regulation Authority (APRA) announced that it will increase the interest rate buffers banks use to assess the serviceability of home loans from 2.5% to 3%. The higher buffer rate will be in place from the end of October 2021. It is applicable only...
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bookmarkTags: APRA, Borrowing power, lending criteria
Housing Boom Slows As First Home Buyers Priced Out
CoreLogic data shows house values rose 1.5% in September 2021. They are 20.3% higher over the past 12 months. While housing values had been rising at their fastest pace since 1989, the monthly rate of growth is losing steam. The market’s growth rate peaked in March 2021,...
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bookmarkTags: Australian property market, property market update