Investment Lending Experience Fastest Growth In 18 Years
Australian Bureau of Statistics (ABS) figure shows investor lending up 12.7% in March, compared to a 0.9% dip in first home buyers. As expected from the rise in property prices, lending figures in March and April showed home buyers dropping slightly. Investor lending committed...
Read morefolderCategory: Mortgage News
bookmarkTags: first home buyers, Pre approval, Property Investors, property price
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
Investors Flooding Back, But Home Buyers Still Dominant In The Property Market
According to data published by the Australian Prudential Regulation Authority (APRA), the resident loans and finance leases increased by $17.5 billion, or 0.6% in March 2021. There was an increase in owner-occupier loans, where lending increased by 0.7% or $8.3 billion in...
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bookmarkTags: Property Market, Sydney
Sydney Median House Price Rises To $1.3M—Highest Among Major Cities
The Sydney median house price rose to $1.3M in the first quarter of 2021. It is the highest leap housing prices have taken in 28 years, with an 8.5% increase. Housing prices in six other capitals have hit a high as well. Second to Sydney was Melbourne, with the median...
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bookmarkTags: median house price, property prices
6,491 First Home Buyers Aged 40-Plus Bought Property In Victoria
Lender policies might not be the only thing that’s fluctuating in the mortgage industry. According to CoreLogic, property prices slowed down in April to 2.2% in Sydney and 1.3% in Melbourne. However, April may not be the best month to start predicting the slowdown of the...
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bookmarkTags: first home buyers, property price
Australian Rental Market Soaring Faster Than Ever
Rental prices are increasing at the fastest rate in 15 years in Australia. This is the most significant increase recorded since May 2007. As the rental market is recovering from the effects of COVID-19, there is suddenly a strong demand for leases in regional centres. CoreLogic’s...
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bookmarkTags: Australian Rental Market, Property Market, Rental Market
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 (CBDs)...
Read morefolderCategory: Property Market
bookmarkTags: First home Buyer, property affordability
Is The Housing Market Boom Finally Slowing Down?
For the first time this year, auction clearance rates dipped below 80%, which could signify that the housing market boom is cooling down. CoreLogic data revealed the volume and clearance rates were down last week, with 2041 capital city homes going to auction, with a national...
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bookmarkTags: auction market, Property Market
Build To Rent Project In Sydney Gets Greenlight
A 39-storey residential tower located at the southern entrance of Sydney Metro Pitt Street Station is the first build-to-rent project in the Sydney Central Business District (CBD). The tower has 234 apartments with amenities like gyms, pools, and an entire floor dedicated...
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bookmarkTags: Apartment Investment, build to rent, rentvesting, Sydney
Rental Yield Outside Of Major Cities Improving—Good News For Investors?
Earlier this month, we reported that many cities in Australia were experiencing an upward pace in rental income. A lot of cities saw a sudden spike in asking prices for rents, following a low during COVID-19. Investors with rental properties were looking at huge profits....
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bookmarkTags: Investment, investment property, rental income
