Spring property season is usually the busiest time of year for home sales. Not only are there more properties on the market, but there are more home loan deals and auctions to wade through. However, with some simple preparation, home buyers can certainly make hay while the sun shines.
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Despite dire predictions for the economy, Australia's housing market has rebounded to a staggering $10 trillion at the end of August, marking the first instance of hitting this double-digit value since June 2022, according to recent CoreLogic research.
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Spring property season is usually the time of year when home buyers see more listings hit the market. But some of those listings can come with an…unusual character.
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Are you in the market for a property and have questions about how much money you’ll need for a $750,000 home loan?
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Despite residential property investment remaining the second most popular asset for Australians in 2023, there has been a downward trend in the number of people investing in housing, according to the latest Australian Securities Exchange (ASX) report .
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A mortgage is likely the biggest financial commitment the average Australian can expect to make. But personal circumstances are prone to change, and sometimes it can get difficult to keep up with things like monthly repayments. In these situations, many lenders might allow you to take a repayment holiday. Below, we take a look at what that means.
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If you’re a home buyer in an Australian capital city, odds are finding anything below $600,000 is a minor miracle. But miracles happen every day, and Australia's average mortgage size is only $593,000. For the savvy borrower, this is quite achievable.
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Housing affordability in Australia has hit its worst level in three decades, according to PropTrack.
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The last half of winter was all quiet on the Reserve Bank front. But home loan interest rates? Astonishingly busy. But despite all the activity, from hikes to cuts, the average variable interest rate for owner-occupied home loans stayed at 6.60% p.a. in August.
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The Reserve Bank of Australia (RBA) has hit a lull in the rate hiking cycle. Between May 2022 and June 2023, the central bank raised official interest rates by 4.00% – a Herculean leap to combat Herculean inflation. Each hit to the cash rate brought more home loan pain to variable-rate borrowers and tightened the expanding economy with a vice.
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