Post rate hike property search: What can $1 million get you in a capital city?
Wherever you look you’ll find that the median house price in most Australian capital cities has moved closer to one million dollars.
Rising interest rates aren’t the only reason why it’s harder to get a home loan
To ease the inflation currently bearing down on the economy, the Reserve Bank of Australia (RBA) has finally begun tightening monetary policy, lifting the official cash rate by increments of 25-50 basis points over the last three months.
Slowing auction rates indicate red-hot Australian housing market might be cooling down
Alongside another unseasonable spate of rainfall, the flash-hot Australian housing sector has experienced a week of cooling off.
Green home market check-in: Aussies keen for sustainable houses, but price affordability may hold them back
With Australian homes producing 13% of the country’s greenhouse gas emissions, it’s no surprise that Aussies are keen to find greener options for their property and finances.
Home loan costs skyrocketing: will the RBA hike the cash rate in July?
The Reserve Bank of Australia (RBA) has responded swiftly to soaring economic inflation, hiking the official cash rate 0.75% in the last two months alone. The movements brought interest rates back up to pre-pandemic levels and spelled much anxiety for home loan borrowers, many of whom were already feeling the squeeze from the rising cost of living.
Property market check-in: Aussies are searching for granny flats and gardens, shows new report
The pandemic’s influence on the property market is being felt in more ways than one, shows a new report from Domain on the NSW housing market.
First home buyers in NSW get land tax option - how does it work?
NSW Premier Dominic Perrottet has confirmed that eligible first-time borrowers will have the option of paying stamp duty or an annual land tax, starting 16 January, 2023.
CBA and ANZ hike fixed home loan rates ahead of June RBA decision
On the heels of NAB and Westpac’s rate hike announcements only last week, the rest of the Big Four banks have joined in the frenzy. Today, Commonwealth Bank and ANZ escalated interest for their fixed rate owner-occupied home loans by as much as 0.80%.
Westpac raises fixed home loan rates by up to 80 bp
Today, Westpac announced a series of hikes to its fixed rate Premier Advantage home loans, making it the first Big Four bank to lift fixed interests this month. The changes will affect both owner-occupier and investment products and vary between 80 basis points on 1-year terms and 30 for 5-year terms.
Housing market cooling off? High withdrawals and low sales could spell slowdown
Ever been so unpopular you straight up took yourself off the market? Turns out this was the case for a startling number of sellers this week, with nearly one in five Sydney properties withdrawn against a middling success rate of only 62%.