Sometimes you’ve got everything in place: a pre-approved home loan, an agent, and a dream. But given Australia’s ridiculously competitive property prices, it’s easy to feel like young first home buyers have limited opportunities.
The Australian Bureau of Statistics (ABS) has officially confirmed what we all guessed in 2021: housing prices went kaboom.
Digital lender OneTwo recently slashed rates on its variable home loan offer, putting it among the most competitive home loans in the Mozo database.
We’re back with our housing market crystal ball, deciphering the latest prophecies from Corelogic .
Throughout the pandemic period, Aussie borrowers have had access to some of the lowest fixed rates on record. But in the past few months lenders have been quietly removing those offers from the market.
Housing affordability in Australia continued to worsen over the December quarter, with recent research putting the proportion of income required to meet home loan repayments at 37 per cent.
All the single ladies (all the single ladies) are getting into the Australian property market.
NAB is the latest bank to make changes across its range of fixed rate home loans, lifting rates by as many as 50 basis points.
New figures released by the Australian Bureau of Statistics (ABS) show that homeowners with mortgages still seem to be making the most of relatively competitive interest rates by switching their loans in considerable numbers.
Putting your property on the market can be an exciting time. But while you might be looking forward to the title changing hands and that lump sum arriving in your bank account, it can be easy to forget all the other steps involved, not to mention the costs. Some costs are unavoidable, such as real estate agent fees, conveyancer fees, and the cost of marketing your property to potential buyers. But there are plenty of voluntary costs sellers take on in the hope they’ll be able to bump up the sales price. Generally, you can expect to pay the following: