Australia’s real estate auction markets are heading back towards boom levels, the national clearance rate at 78.6%, based on preliminary results, and Sydney, Melbourne Canberra and Perth around or above an 80% clearance rate with the number of properties also well above the levels seen 12 months ago. Capital City Auction Statistics (preliminary). Source: Corelogic …

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Australians started borrowing again before Christmas, with the value of new home loans up by 4.4% in December (seasonally adjusted), while personal fixed term loans rose by 3.5% according to data released today by the Australian Bureau of Statistics. The value of mortgages to owner-occupier rose by 5.1%, an eight-year high, and 17.9% over the…

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Property prices are rising rapidly again in Australia’s two biggest capitals, Sydney and Melbourne, with values up 1.1% and 1.2% respectively, in January. The national rebound continued to start 2020, with the CoreLogic national home value index up by 0.9% in January. That takes the annual growth rate to 4.1%; the fastest pace of growth…

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There was a 1.9 per cent fall in the Westpac/Melbourne Institute consumer sentiment index for December, released last week. It currently sits at stands at 95.1 points, below the longer term average of 101.5 points. A reading below 100 points denotes pessimism, although economists believe are more apprehensive about how 2020 will unfold than negative….

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Workers hoping for a pay rise as their Christmas present are unlikely to find anything in their stocking as the Australian government revised down its forecasts for economic and wages growth in its mid-year economic update. Treasurer Josh Frydenberg and Finance Minister Mathias Cormann released the Mid-Year Economic and Fiscal Outlook (MYEFO) – the government’s…

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Surging property values in Sydney and Melbourne during November, along with a housing rebound in Perth, has delivered the biggest increase in national house prices in 16 years. Sydney and Melbourne property prices rose 2.7% and 2.2% respectively in November  Those increases, along with Perth rebounding, led to the biggest monthly jump in national house…

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The growing problem of phone scams is expected to cost Australians more $500 million this year, to the government and regulators are moving to block popular ones and push telcos to ramp up efforts to combat them. The Australian Communications and Media Authority (ACMA) has been reviewing the problem for 18 months and this week…

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Australia’s two biggest property markets, Sydney and Melbourne, are projected to hit new peaks by the end of 2020 that could see regulatory authorities reintroduce measures to calm an overheated market, according to RiskWise Property Research. While the market has been subdued for around two years, the Reserve Bank’s interest rate cuts and relaxed lending…

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A few years of stellar returns has convinced many people that investing in property is a sure thing....

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How are your parents’ finances?

It’s a funny thing when you realise that your parents are old. It makes you reflect on their...

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Superannuation & Share dive

Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...

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