The highs and lows of Australia’s property market were a hot topic even before the pandemic-induced price boom of 2020-2021. And with so much talk about extravagant surges in both the number and value of property sales, talk also turned to how much money some of these ‘lucky’ property investors managed to make. After all,…
Australia’s property market is suffering from a chronic supply shortage, with high mortgage costs and a worsening rental crisis further tightening the market. But there is one solution to Australia’s chronic housing shortage: Downsizers. In fact, new data by financial services company Downsizer.com, reveals that there are some suburbs in each major city where the…
How are our housing markets going to finish the year? To many people’s surprise, despite higher mortgage rates and generally poor market sentiment, our property markets have performed well this year. After a rocky 2022, many “experts” anticipated home prices to drop further this year, but in early 2023 the market reset and prices have gone…
What does Australia’s surging population mean for our housing markets? It’s old news now…Australia is experiencing a population boom due to increased migration. But this is creating a serious problem…With very few available homes and rising costs, can we accommodate everyone? According to the Australian Bureau of Statistics (ABS), in 2022 the population grew by…
Is your mortgage stressing you out? Well, you’re definitely not alone. According to Finder’s Housing Market Report: Navigating Refinancing in 2023, with home loans at their most expensive in the last 11 years, Aussie mortgage payers have reached a breaking point. In fact, data from the research unveils that 62% of those who are planning…
There’s an old adage that suggests if something appears too good to be true, it probably is. This maxim seems to be increasingly relevant in today’s world of social media and instant access to information, where quick fixes and silver bullet solutions are routinely promised to those searching for financial success. Recent headlines emerging from…
High-interest rates and shrinking household savings have seen lenders blacklist a wave of 20 suburbs they consider more risky for mortgage lending. Mortgage repayments have surged since last May when the Reserve Bank began hiking interest rates from a rock bottom of 0.1% to the 4.1% kept on hold for October. Many Aussies have suffered…
How does the rising cost of living affect Aussies’ banking behaviour? Well, according to Finder’s new research, trust in traditional banks is growing with more Aussies saying they bank with the big four. Finder’s Consumer Sentiment Tracker shows a staggering 4 in 5 Australians (80%) – 16.2 million people – bank with one of the…
There’s no denying that buying a home is a big decision and yet you may be surprised by the number of people who are influenced by factors other than price, resale value, and location. From the number of a house to a lick of new paint on the walls, it seems we are influenced by…
Australia’s property investors have faced many headwinds of late, with interest rate hikes, land tax increases, and market uncertainty driving a wave of investors to exit the property market across the country. But investors in some states are struggling more than others. Recent PropTrack figures reveal that Victoria had the highest share of investment property…
