According to CoreLogic, homeowners and property investors offering vendor discounts are rising as housing conditions continue to deteriorate. Vendors are increasingly accepting lower prices for their homes as the reality of a cooling market kicks in. The vendor …
ReadThe Reserve Bank of Australia (RBA) is growing less optimistic about the country’s economic outlook. The RBA has flagged downgrades to its upcoming GDP growth forecasts and has warned that downside risks have increased according to Governor Philip Lowe. Despite the …
ReadEven though Brisbane’s house prices continue to decrease at a slightly faster rate than Sydney and Melbourne, Brisbane’s residential market is expected to outshine both cities this year. Throughout 2018, house values in Brisbane rose by a modest …
ReadThe well-laid plans of buyers in the business of flipping houses are starting to come unstuck with many finding they have actually mistimed the market and are now dealing with substantial losses. In the past two years, a …
ReadFirst, it was the quarter-acre block, then it was a battle-axe. Suddenly, we were all about to live in apartments. But now, new figures have revealed the popularity of townhouses is soaring, with approvals at record levels in …
ReadThe Australian Financial Review recently reported that Westpac is giving ‘risky’ property investors less than one month to find another lender amid growing concerns about the impact of rising rates, falling values and oversupply. Apparently, the bank is …
ReadFinancial factors are stopping more than half of Australians from achieving their life goals, according to research by Debt Rescue. As many as 53.2% of those surveyed responded with income and debt as being the main factor inhibiting …
ReadWhile Sydney and Melbourne have seen housing prices increase by 50-60% these past few years, Australia’s third largest capital city, Brisbane, had grown by an unexceptional 1.2%. However, Sydney is now trying to keep their head above water …
ReadAccording to BIS Oxford Economics, house prices in Australia will remain steady over the next financial year although some markets may decline as the crunch on investor lending and rising levels of new housing stock weigh on residential …
ReadHouse prices have substantially increased in recent years but housing costs haven’t really shifted in over two decades. Costs and disposable income for housing remain the same at 17% since 1993. Judging housing affordability just by looking at …
ReadCurrently at 24.9 million, Australia’s population increases at an annual rate of 1.6% and, if the current trajectory continues, it will reach 41 million by 2050. This will put further pressure on infrastructure and housing. Many Australian cities …
ReadCommercial property returns have averaged by about 11% pa since 2010. It was seen as a recovery from the GFC slump, after which investors eventually searched for income in response to low interest rates and bond yields that …
ReadInfrastructure Australia recently produced a report on how we will accommodate Australia’s population growth – in Sydney’s case, the report asked how will we house a population that will be 7.34m by 2046. Infrastructure Australia concluded that although …
ReadMany Australian property investors, first home buyers and home owners are wondering how the property market conditions in 2018 will be like. In 2017, some of the country’s hottest property markets have changed gears after a five-year streak …
ReadAround 80% of Australians believe they are financially savvy but according to a recent survey, but more than one in three borrowers do not know the interest rate on their mortgage. To us, it appears that some people …
ReadThere has been a large increase in first home buyer loans recently because of the improved housing affordability in all states. According to the Adelaide Bank / REIA Housing Affordability Report, the proportion of median family income necessary …
Read‘I am in my 60s, can I get a mortgage?’ This is a regular enquiry that Chan & Naylor brokers receive. In many instances, the answer is ‘Yes’. However, for maturer-aged applicants, some lenders are more flexible than …
ReadBecause of changing demographics and the pool of global investment and savings, interest rates may further drop. More investors are looking for returns, causing asset prices, properties and shares to bid up as returns continue to drop. This …
ReadAfter the SEEK survey, there come several positive job advertisement figures in Australia. Total job ads are now 26% higher than in 2013. Since the torrid 2013, Queensland is leading with the strongest annual increase across all states. …
ReadThe recent changes in home lending that borrowers have experienced are tiny to what will happen in the next few years as the banks radically transform the mortgages they offer. Until recently, the differences between lenders was not …
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