Almost 50 lenders have announced variable rate cuts, following Tuesday’s RBA decision to cut official interest rates by 0.25 per cent. It was good to see all four major banks cut their variable mortgage rate by the full amount. But make sure you, as an existing borrower, benefit from the cut and not just new…
A “tree” or “sea” change is the dream of many Australians but often it comes with a big price tag. Hard as it is to believe, you can still buy properties near the beach for “first home buyer” prices, as long as you are prepared to travel outside the major cities in Australia. Realestate.com.au has compiled…
The rebound in the Australian home auction market continued last week as both the number of auctions and clearances continued to trend higher, according to the latest figures from CoreLogic. Across the combined capital cities, 2,446 homes went to auction, with a preliminary auction clearance rate of 77.7%. That’s up from 1,596 auctions the previous…
Cheap money also allows people to borrow more with the average home loan in Australia reaching $500,000. Since the Federal election the average new home loan has lifted by around $60,000 or 16 per cent. Rate cuts and increased buyer enthusiasm for property have driven the gains. But with wages growing at a 2.2-2.3 per…
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…
A few years of stellar returns has convinced many people that investing in property is a sure thing....
It’s a funny thing when you realise that your parents are old. It makes you reflect on their...
Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...
