NSW & Victoria In Lockdown: What Relief Measures Are Available?
Due to the spike of COVID-19 cases, NSW has extended its lockdown for two weeks until 11:59 pm on 30 July 2021. To keep updated about the latest lockdown restrictions, please visit NSW’s government website. Victoria has extended its current State of Emergency through...
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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...
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First Home Loan Deposit Scheme Adds 30,000 Places, Raises Price Caps
The price caps for homes purchased under the First Home Loan Deposit Scheme (FHLDS) have been raised by $100,000 or more across most states and territories barring the ACT, where they remain unchanged. Given the strong growth in property prices this year, this is welcome...
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Western Australia Is A Strong Choice For The First Home Buyers
According to new research, more than 22,000 new housing loans to first home buyers in Western Australia were approved in the ten months between July 2020 and April 2021, nearly double for the same period the year before. In comparison to New South Wales and Queensland property...
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Lockdown Relief Options For NSW
NSW is currently in a two-week lockdown. The big four banks promised to offer mortgage relief options ranging from loan deferrals to waiving fees for their customers going through financial hardship caused by NSW’s lockdown. Customers of ANZ Bank, Commonwealth Bank of Australia,...
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Should I Buy A House Now Or Wait?
Here are some reasons first home buyers are hesitating to buy a house: Demand for property from home buyers and property investors is high. There is so much competition in the market. Recent figures indicate that investors are making a return to the property market. Australian...
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Best Refinance Rebate Offers In June 2021
Lenders offer refinance rebates as an incentive for borrowers to switch with them for their home loan. The competition among lenders to attract refinancers is high, and so they come up with bigger and better offers every chance they get. Some lenders have a minimum loan...
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Buying An Apartment Vs Buying A House In 2021
The price gap in buying an apartment vs buying a house in Australia has increased more than ever. For months, the property market in Australia has been witnessing a continued spike in demand for houses. The primary factor for the hike is the rise in work from home culture,...
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Where Are The Investment Opportunities In Regional Australia?
In the past six months, the value of investor loans increased by 48.1%, compared with a 29.7% increase for owner-occupier loans. Investors are becoming more active in the property market. In the March 2021 quarter alone, investment lending for houses surged by 28.7%,...
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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...
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