Persistently high inflation is taking its toll on homeowners as the Reserve Bank of Australia continues to push the cash rate higher with the promise of more rises. Some 35% of housing debt is locked into fixed-term loans, according to the RBA’s Financial Stability Review. Two-thirds of those fixed-rate deals expire this year. Being squeezed…
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The rising cost of building materials is slowing, which is great news for owners planning to renovate and buyers looking to find fixer-uppers at a bargain price. The pace of inflation and scarcity of building materials has seen many renovators and property bargain hunters back off for fear they could get caught up in a…
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New data showing a sharp increase in building approvals for apartments is an early indication that market confidence is returning. And it also suggests apartment owners planning to upgrade may want to make their move in the medium term. A jump of 56.6% in building approvals for units was registered by the Australian Bureau of…
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The quick change in our economic landscape should give many homeowners a reason to evaluate their mortgage situation. As a respected agency in your area, we have experienced this scenario before and understand how tightening economic conditions and rising mortgage payments affect our clients. Below, we’ve offered a short list of basic advice on how…
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The quick change in our economic landscape should give many homeowners a reason to evaluate their mortgage situation. As a respected agency in your area, we have experienced this scenario before and understand how tightening economic conditions and rising mortgage payments affect our clients. Below, we’ve offered a short list of basic advice on how…
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The rental crisis sparked by thousands of overseas students and workers returning home because of the pandemic has been turned on its head, creating fresh opportunities for experienced and first-time investors. Demand now far outstrips supply, according to the latest figures revealed by REA Group’s PropTrack rental report. We’re seeing a 37% rise in demand…
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Property ownership and affordable housing have already played a major role in the current federal election campaign, highlighted by the constant speculation of interest rate rises. One issue out of left field has been the fast-emerging shortage of rental properties. Not only are tenants feeling insecure about their accommodation, but their rents are rising at…
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Housing affordability for young Australians has never been far from the centre of debate in the current federal election campaign. Both major parties have pledged similar programs to help first-home buyers, who have access to the First Home Guarantee scheme, which was extended in the Federal Budget just days before the election was called. Under…
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Home affordability has hit centre stage in the federal election with Labor offering a scheme in which buyers can purchase a home more cheaply if they share equity in the property with the Government. Labor says it would take up to 40% equity in a home to give Australians a better opportunity to get on…
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When the heat in a booming property market eases down a notch, sellers need to become more competitive to maximise the value of their homes. Some buyers may feel they have the whip-hand, thinking they can low-ball you because the banks predict rising interest rates. But that’s not true if they’ve set their heart on…
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