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...
Read morefolderCategory: Mortgage News
bookmarkTags: First home Buyer, HomeBuilder
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...
Read morefolderCategory: Mortgage News
bookmarkTags: auction, auction market, Australian property market, emerging suburb
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...
Read morefolderCategory: Mortgage News
bookmarkTags: Cash Rates, Housing Prices, mortgage brokers, RBA Announcement
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...
Read morefolderCategory: Mortgage News
bookmarkTags: Australian property market, mortgage debt
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...
Read morefolderCategory: Mortgage News
bookmarkTags: Australian property market, First home Buyer, Property Market
Australian Property Prices To Go Further Up By 17%?
According to ANZ’s latest predictions, Australian property prices for the next few months will now be up by 17%. While ANZ earlier predicted only a 9% raise, the sharp property price upsurge in November led it to contradict this statement. Sydney and Perth have the...
Read morefolderCategory: Mortgage News
bookmarkTags: Property Market, property price, property price hike
Access Equity In Your Home Loan To Renovate
Property values are skyrocketing. With affordability hitting new lows, you can free up some money through refinancing to fund your renovation project. Release equity to achieve your financial goals The sharper your interest rate is, the lower your overall loan balance will...
Read morefolderCategory: Mortgage News
bookmarkTags: fixed rate cut, Property Equity, Refinance
Rate Cuts For Self-Employed Borrowers
A non-bank lender has announced that it has made rate cuts and waived some of its fees across its home loans products. This is geared towards supporting self-employed borrowers in investing in property or refinancing and consolidating their debts. The lender has slashed interest...
Read morefolderCategory: Mortgage News
bookmarkTags: Rate cut, rate slash, self-employed borrowers
Sydney’s Property Values Skyrocket
According to CoreLogic, Sydney’s property values have recovered beyond their peak in 2017. According to Tim Lawless, CoreLogic’s Executive Research Director, “Since housing values found a floor in October last year, Sydney home values have risen 5.7% to...
Read morefolderCategory: Mortgage News
bookmarkTags: auction, HomeBuilder, Property Market, Sydney
Property Affordability In Cities Hit A Decline
Now that the economic distress brought about by the COVID-19 pandemic is fading, the property market in Australia has become a seller’s market. Buyers are currently looking for larger accommodations after their experience with the lockdown and a rise in remote working...
Read morefolderCategory: Mortgage News
bookmarkTags: migration, property affordability