Mortgage News
HomeBuilder Applications Now Closed
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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bookmarkTags: First home Buyer, HomeBuilder
Cost Of Renting A House In Australia Reaches Record High!
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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bookmarkTags: investment property, rental income
Strong Auction Results: Why Is The Auction Market Hot Right Now?
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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bookmarkTags: auction, auction market, Australian property market, emerging suburb
Seller Confidence Boosts Up, More Properties On The Market
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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bookmarkTags: Property Market, RBA
Home Loan For High-Risk Borrowers Declines— Are Lending Habits Changing?
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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bookmarkTags: high-risk, lender policy, property market behavior
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
Foreign Investment In Property Likely To Shoot Up
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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bookmarkTags: Australian property market, foreign investment, foreign investor, overseas investor
Total Mortgage Debt In Australia On An Increasing Trend!
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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bookmarkTags: Australian property market, mortgage debt
House Prices Soaring: Rentvesting An Alternative For You
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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bookmarkTags: property affordability, rentvesting
Who’s Behind The Surge In Property Prices?
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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bookmarkTags: Australian property market, First home Buyer, Property Market
