Boomers are three times more likely to own a home than Millennials
A new report from the Australian Bureau of Statistics (ABS) confirms the Boomers have had it easier, aptly named 'Back in my day' .
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Federal Budget 2022: Inside Labor’s plan to build 1 million new affordable homes
At a time when rent prices are boiling over and homebuyers are being priced out of the areas they work in, Labor’s Federal Budget for 2022-23 provides a modicum of hope for the future of affordable housing.
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Sydney property prices down 10% since February
Six consecutive months of interest rate hikes have taken a heavy toll on the Australian property market, with Sydney home values falling by 10.1% — the equivalent of $116,500 — since hitting their peak in February this year.
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Rental properties below $400 now a challenge to find
Australia has seen a significant decrease in rental properties available under $400 per week, says a new PropTrack Market report.
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October home loan snapshot: Interest rates continue to increase
The Reserve Bank of Australia has lifted interest rates at a rapid pace this year, most recently by 0.25% at its October meeting. Economists at all four major banks expect the tightening cycle to continue as the central bank ramps up its efforts to tame inflation.
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Property prices have fallen, so is now a good time to buy?
Australian property has had a bumpy year, with falling prices, rising interest rates, and slowing sales leading to an overall cooler market than we started with in 2022. Many buyers have sensed a promising window of opportunity, but is now really a good time to buy in?
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Meet the rival lenders stealing bank borrowers in droves
Aussie borrowers looking for lower rates, faster approval processes and flexible lending terms are deserting the big banks in earnest for more competitive smaller lenders, and in 2022 a handful of non-bank lenders in particular stand out from the pack.
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Top lenders win Aussie borrowers with super low rates
Interest in rival mortgage lenders is surging after the Reserve Bank's string of back-to-back rate hikes, as Aussie borrowers look to offset the pain of rising rates by securing better value home loans.
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What is Labor’s Regional First Home Buyer Support Scheme?
With housing affordability on many Aussies’ minds, it’s no surprise that Labor has proposed several housing policies to combat skyrocketing property prices.
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Is now a good time to sell your property? Pros and cons of selling in a falling market
This year’s spring selling season seems to have wilted. Despite CoreLogic reporting plenty of new listings hitting the market over September, successful sales and prices lagged behind averages. Properties sat on sale for longer (33 days) while vendor discounts fell to a nationwide median of -4%.
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