Mortgage News

HomeBuilder Applications Now Closed

personOtto Dargan access_timeApril 16, 2021

The HomeBuilder grant application submission, which was extended until 14 April 2021, has now officially closed. Existing applicants have until 30 April 2023 to submit all supporting documents (such as invoices for work done, and proof that construction has started) to their...

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Cost Of Renting A House In Australia Reaches Record High!

personOtto Dargan access_timeApril 15, 2021

The cost of renting a house in Australia has increased now more than ever. Earlier, the Reserve Bank of Australia (RBA) had predicted how the rents were likely to drop in the next few months. The latest Domain Rent Report, however, states otherwise. According to the report, the...

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Strong Auction Results: Why Is The Auction Market Hot Right Now?

personOtto Dargan access_timeApril 13, 2021

Australians who traditionally have worked in central business districts (CBDs) are now choosing to work remotely, which has led them to purchase properties in the emerging suburbs. In connection with increasing house prices, which have seen some buyers priced out of certain areas,...

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Seller Confidence Boosts Up, More Properties On The Market

personOtto Dargan access_timeApril 12, 2021

With a booming property market, people who had decided not to sell last year are confident to sell their properties this year. As demand is currently outpacing supply, homes are selling faster. With predictions that prices could rise as much as 20% over 2021-22; vendors expect...

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Home Loan For High-Risk Borrowers Declines— Are Lending Habits Changing?

personOtto Dargan access_timeApril 8, 2021

To keep the property market afloat during the economic crisis brought about by the COVID-19 pandemic, lenders had brought about many concessions in their lending measures. We also saw the RBA cut cash rates to as low as 0.1%, which enabled lenders to provide loans at the lowest...

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The RBA Holds The Cash Rates Low For Now But Things May Change Soon

personOtto Dargan access_timeApril 7, 2021

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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Foreign Investment In Property Likely To Shoot Up

personOtto Dargan access_timeApril 6, 2021

Economists have a positive outlook on Australia’s economy. They believe consumer confidence is likely to increase. Overseas investors have been picking up the pace in foreign investment in Australia. More people are looking to make financial decisions, such as purchasing...

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Total Mortgage Debt In Australia On An Increasing Trend!

personOtto Dargan access_timeApril 1, 2021

The latest monthly authorised deposit-taking institutions statistics (MADIS) for February 2021 shows Australia’s total mortgage debt increased by 0.3% ($9.7 Billion). This figure has come as a surprise to many. High property prices have affected the bottom 60% of income...

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House Prices Soaring: Rentvesting An Alternative For You

personOtto Dargan access_timeMarch 31, 2021

Australia’s top bankers and regulators have signalled that regulations could be in place in future with borrowers’ incomes as a key indicator. Australia’s rising property prices are currently being driven by a lack of stock and interest from a number of different parties,...

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Who’s Behind The Surge In Property Prices?

personOtto Dargan access_timeMarch 30, 2021

There have been many discussions lately around whether the Australian Prudential Regulation Authority (APRA) will introduce regulations to slow Australia’s rising property prices. The watchdog has argued that as the rising prices are being driven by first home buyers, not...

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