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People selling property in Hobart could be the most likely to make a profit, new research shows. Find out which council region in your city delivered the most reliable gains in 2019. One way to spot a strong local housing market is to check how many properties are reselling at a profit, according to research… Read more »
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… Read more »
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… Read more »
With Governor Philip Lowe confirming low rates are here to stay. Competition in the home loan market has continued to heat up. There are now over 30 lenders offering variable mortgage rates starting with a “2”. Lowest advertised rates on RateCity.com.au Variable rates Lender Advertised rate Reduce Home Loans 2.69% Well Home Loans 2.72% Homestar Finance… Read more »
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… Read more »
The bushfire devastation has been incredibly distressing for so many Australians this summer. The emotional and financial scars will be felt for a long time on so many levels. My heart goes out to those rebuilding their lives, homes and businesses. One of the biggest financial hits to these regions will be to the value… Read more »
It can be exciting to find your ‘dream home’, but is it really a home you can afford? Many first home buyers quickly discover that their dream home has turned into a nightmare. That’s because they max their borrowing power to the hilt and then struggle to pay back their home loan. You don’t want… Read more »
An investigation into the places in Sydney and Melbourne where people hold onto their properties for a long time has given new meaning to the meaning “exclusive suburb”. RiskWise Property Research has found the five suburbs in both capitals where people hang onto their homes for at least 20 years and whether upmarket or The… Read more »
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… Read more »
I met a bloke this week who is in an ongoing dispute with one of the big banks over guarantees against a series of property investments he did with a business partner. Basically he and the business partner borrowed millions to build a property investment portfolio. The business partner then skipped out and the bank… Read more »
