After suffering a challenging 2020, including a number of lockdowns, the Melbourne property market is on fire. And it is well documented that the price gap between Melbourne houses and units has widened over the last couple of years. While family-friendly apartments in smaller low-rise blocks are still popular, the closure of our international borders…
Westpac has lifted its forecast for dwelling prices with 10% gains now expected in both 2021 and 2022. The bank then expects this boom to be followed by a flattening out in 2023 as rising fixed-term interest rates, combined with prudential measures aimed at reining in the associated lift in leverage. These headwinds are not…
More than a quarter of Aussies admit to being less than truthful with their partners about money, according to new research by Finder. The nationally representative survey of 1,004 respondents revealed that more than 1 in 4 Australians (28%) has lied to, or been lied to by a partner about their finances. The survey found…
With romance scams at an unprecedented level ahead of Valentine’s Day, Australians are advised to do their homework on any would-be suitors. According to the Australian Competition & Consumer Commission’s Scamwatch, there was a 30 per cent increase in romance scams reported for 2020, with over 3,500 scams inflicting losses of more than $37.2 million….
Are you, or someone you know looking to buy a property this year? Statistics suggest that more than two-thirds of Australians believe NOW is a good time to buy real estate. So, chances are it is either you, a friend, a family member or even all of the above. Of course, it will be another…
Living up to a partner’s money standards might be the ultimate test when it comes to love, according to new findings from Canstar’s 2021 Love and Money Report. Their online survey uncovers the acceptable standards for financial habits, money secrets, as well as sharing pin numbers and pay cheques from the opinions of 1,049 Australian…
Have you heard about the new “green” projects in and around Brisbane? I have written previously with regards to the bigger projects underway in Brisbane such as the Brisbane CBD expansion, lead by the Queens Wharf project and Brisbane Airport Upgrade. Being our largest hubs, they are also the most visible and will set the…
The value of home loans settled in the month of December has hit another record high, thanks to record-low rates, generous government incentives and borrowers’ fear of missing out. Data out today dovetails with CoreLogic’s national home value index, which are now above pre pandemic levels and hit a record high in January. The…
There has been a significant fall in deferred loan repayments according to APRA, yet another sign of economic recovery which boosts the ability of banks to extend lending. Last year many borrowers put their loan repayments in deep freeze because of the uncertainty fuelled by the 2020 coronavirus pandemic. Our banks offered homeowners and small businesses loan…
Investors are being warned against buying property in 10 ‘danger’ suburbs across Australia due to an oversupply of new developments. RiskWise Property Research has identified the key areas in Australia most at risk of high settlement and cash flow risk and warns that COVID-19 has only exacerbated the high degree of risk associated with off-the-plan…
