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…
We haven’t fallen of the “fixed rate cliff “and we’re not getting a load of forced or distressed property sales. The resilience of household borrowers in the face of surging interest rates has surprised Reserve Bank researchers. In fact most Australian households have successfully manage increased mortgage repayments, according to the recently published Financial Stability…
There’s no getting away from the fact that selling your property is a big deal. Even in today’s improving property markets, there are no certainties and lots of hard decisions to be made, underscored by the pressure of knowing that certain decisions could mean thousands of dollars less in your pocket. But how do you…
Australia’s property market has moved into the recovery phase of the cycle, with the whirlwind of activity over the pandemic era now a distant memory and a supply crisis now taking hold. The supply and demand imbalance continues to put pressure on prices, so it’s interesting that new data has revealed that the number of…
The high end of Australia’s property market began breaking price records more than four decades ago, with houses and units in the country’s most prestigious suburbs selling for sky-high prices at every point in the property market cycle. Over that timeframe, the house price record has skyrocketed from $1 million back in 1978 to nearly $140 million…
Australia’s rental crisis looks set to worsen further as fearful investors offload their properties and abandon certain markets in Queensland and Victoria. New research by the Property Investment Professionals of Australia (PIPA) shows a maximum exodus of property investors in the two states over the past 12 months, with sales of rental properties surging both…
House prices will rise nationally by 4.9% over the next 9 months and then surge by 9.4% in the year to June 2025, according to big four accounting firm KPMG. Apartment prices across the country are forecast to see slower growth rising an average rise of 3.1% by next June, then a 6% increase in…
In Australia, everything appears to be on the rise: interest rates, the prices of goods and services, property values, and even the temperature. On the other hand, an surprisingly to some, the number of people selling their homes due to mortgage affordability issues is decreasing. In fact, new Domain figures show a clear decrease in…
