Professional opinions are divided over the future of Melbourne’s highly sought-after apartment market after a number of economists offered up their growth predictions for the next 12 months.
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Saving for a deposit is one of the biggest obstacles first home buyers face when it comes to property ownership, Westpac’s Head of Consumer Banking, George Frazis, has said.
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After posting a massive full year profit of $9.93 billion, the Commonwealth Bank has today significantly cut rates on it’s fixed home loan package, bringing it in line with other major lenders.
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For many of us, the Great Australian Dream of owning your home is the reason we get up in the morning, or so we thought.
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Buying an apartment in certain high-density suburbs in the nation's capital cities could now prove potentially more difficult following reporting from the AFR that a number of postcodes have been placed on a ‘blacklist’ by Citibank.
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According to new research from Westpac, rentvesting has become the new trend for young Aussies when it comes to getting into the property market.
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It turns out soaring house prices are not the only deterrent to Aussie homebuyers, after industry body HIA revealed that the average stamp duty bill in Australia has risen by 16.4% over the past year.
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Australia’s housing affordability issues worsened over the June quarter thanks to record high house prices and Sydney was hit hardest of all, according to the Housing Industry Association.
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With interest rates on the rise, savvy borrowers willing to look around for a better home loan deal could be saving thousands of dollars every year, as Brisbane homeowner Jessica Steele discovered when she refinanced her mortgage.
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Despite growth in the Sydney property market lagging behind Melbourne’s in the June quarter, rising auction clearance rates have shown that demand for housing in the harbourside city remains high.
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