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…
Many first-time investors stay just that way — one-time-only buyers, who never progress beyond having that one solo property in their portfolio. This happens for several reasons. An underperforming property, lack of funds to purchase again, and — worst of all — apathy or losing sight of your ‘big picture’ goals are some of the most common ones…
Australian employers embarked on a hiring spree over the three months to November as businesses in sectors hardest hit in the Covid recession scrambled to replace workers they let go through the pandemic . And that’s good for our economy and propertyJob vacancies surged at the end of last year and are now 11.9% above…
Australians went on a spending spree the month before Christmas, making purchases worth $58.31 billion according to the latest credit and debit card statistics released by the RBA today. In a month full of sales events, including Click Frenzy, Black Friday and Cyber Monday, credit card spending rose by 12 per cent from the previous…
Is it just me, or does there appear to be a rise in Spruikers around recently? They seem to be popping up everywhere, especially on most social media channels, where they seem to be thriving. They tend to be on amazing beaches with pretty women and fast cars offering incredible solutions to solve life’s common…
If you do not own a home by the time you are 45, you are unlikely to ever own one, according to a report from Swinburne University of Technology. The report which was published last year – Security in retirement: the impact of housing and key critical life events – has painted a grim picture of Australians’ housing…
A common misconception is that property investing is easy. In fact, many people falsely believe that they can buy any old piece of real estate, then sit back and watch their wealth grow. In reality, successful property investment requires a number of skills as well as the right education. Even when I started out investing…
House prices in some of Australia’s school catchment areas have soared by as much as 35% over the past 12 months. While our property markets have been generally subdued this year, the top 10 primary and top 10 secondary school catchment zones nationwide all reported house price growth of at least 25% year-on-year, a new…
