Property investors may be better off turning their sights to other capital cities in Australia, as the Sydney property market cools and short-term growth prospects wane, according to a new report from Momentum Wealth.
Home loan lender, ME Bank, has launched a property tool to help first home buyers get on the ladder, without sacrificing their lifestyle or smashed avocado breakfasts.
With debate raging on about whether millennials are trading a home loan deposit for avocado on toast, an analysis by Mozo has shown that home buying hopefuls might as well have their fancy breakfast - because saving for a 10% deposit in the Sydney or Melbourne markets is practically impossible.
Each year, financial comparison site Mozo goes undercover to see how much a first home buyer, a refinancer and an investor can haggle down the home loan rates on offer from Australia’s Big 4 banks - and what a difference a year can make.
An Auswide Bank home loan promising to reflect future RBA cash rate changes has entered the market for owner-occupiers today. There is one catch - if the cash rate falls to 0% or below, customers will be charged interest at a fixed margin instead.
Investors are snubbing houses in Sydney for Brisbane’s higher rental returns, according to a recent survey quizzing those already on the property ladder.
The Sydney property market has recorded a high clearance rate of 85.1% over the weekend, according to Domain - but property prices remain out of reach for some first home buyers.
Big four bank Westpac announced it would reduce discounts on several home loan packages by 0.2 basis points for new owner-occupiers and investors yesterday.
CUA has recently launched its first ever ‘investor only’ home loan, easing restrictions around lending to investors, and opening the door for more Aussies to snap up an investment property.