Australia’s third largest home loan lender, NAB, has today hiked fixed rates for the fourth time this year. NAB has made its fourth round of fixed-rate hikes for 2022, with the major bank increasing rates by up to 0.60% for owner-occupiers and 0.80% for investors. The major bank has increased owner-occupied rates by 0.60% for…
While Australia’s property market started strongly in 2022, despite concerns about a cash rate increase and the continuing Covid-19 Omicron outbreak, it’s clear that price growth has now slowed across the country. Interestingly, the shift has seen a divide opening up between the suburbs where prices are plateauing and those which are still on the…
Are you still living at home with mum and dad? Well…according to new research by Finder, young Australians are putting off homeownership in favour of staying at home with their parents. The survey asked Australians how old they were when they reached major life milestones, if at all. The research found a stark housing generational…
What will flooding mean for the Brisbane property market? Flooding was supposed to be a once in a 100-year event and here we are just a decade out from the last round of floods. In the past few weeks and the coming months, it is important to support those in need of assistance and provide…
We know the once in a generation of property boom Australia experienced last year is now over. But what’s really happening to property values now? The new PropTrack Home Price Index, released this month, reveals trends in price growth across the country. In a recent article Proptrack economist, Paul Ryan explained what’s happening on the…
Over the last month or so many readers took some time off on holidays. While having a great time in the sun by the sea, some would have been considered buying a holiday home or apartment. Many think they can get the dual benefit of a rental income and a free holiday. I would be…
What’s ahead for the Melbourne apartment market? Despite more than 260 days of lockdown, the Melbourne property market performed strongly in 2020 and 2021 underpinned by low-interest rates, various Government incentives, and support measures as well as high household savings accumulated during the lockdowns. But this strong performance was largely limited to the detached housing…
Three of the big four banks have hiked fixed rates again, as the cost of fixed-rate funding continues to surge north. Australia’s largest bank, CBA, recently increased fixed rates by up to 0.50 percentage points for owner-occupiers paying principal and interest, but all the way up to 0.90 percentage points for some investors. This is…
What are your plans for the upcoming Easter holiday? Apparently over four million Australians are planning a trip away this Easter with $7.1 billion to be spent on holidays. While around $1.5 billion will be splurged on food and chocolate, a major boon for tourism operators and retail businesses. Research released by the Australian Retailers…
Addressing the critical undersupply of rental properties must be a key policy of whoever wins the upcoming Federal Election according to the Property Investment Professionals of Australia (PIPA). Residential rental vacancy rates have hit 16-year record lows due to investor activity being well below average over the past five years in particular, according to new…
