Property markets around Australia are facing headwinds, in fact they are facing challenges from many directions. But as always our markets are fragmented. Some areas are performing well, especially established suburbs in our capital cities and some regional locations. While other segments of our property markets are best avoided. RiskWise CEO Doron Peleg said property…
New ABS Lending Indicators data released today shows new home lending increased in July for the second consecutive month, following earlier lifts in COVID-19 restrictions to auctions and open homes. The value of new home lending rose by 8.9% in July, following a 6.4% rise in June based on seasonally adjusted figures. Canstar analysis of…
Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent, according to figures released by the RBA. During this time Australians also took the scissors to their credit cards, closing almost half a million accounts in four months….
Are you considering buying property based on recent headlines that working from home is a game-changer for property? I know I read in the media, almost every day, that this new working from home phenomenon will apparently lead to a boom in regional and seaside towns. I remember reading similar headlines over a decade ago,…
Unemployment is on everyone’s mind isn’t it? While we regularly see the unemployment figures provided by the Australian Bureau of Statistics (7.5%) most of us have a gut feel the “real” level of unemployment is higher. Well according to Roy Morgan in August 13.8% of the workforce (1.98 million Australians) were unemployed. This represents an…
New research from Roy Morgan into the impact of COVID-19 on Australia’s employment market shows that two-thirds of working Australians (67%) have had ‘a change to their employment’ due to the pandemic. Some people reported several changes to their working conditions since the Coronavirus, like being stood down, having reduced hours and working from home….
Have you turned on the TV or read a newspaper lately? You’d be forgiven for thinking that property prices along with our economy may be doomed! There is so much uncertainty around and the media are just lapping it up. It is no secret that you will always find a reason not to invest, but…
How do housing markets recover from an economic shock? Analysing housing data three years post-GFC may provide some clues In fact new research from the Property Investment Professionals of Australia (PIPA) and CoreLogic identified the best performing capital city and regional locations three years after the Global Financial Crisis. This research found that capital city…
Wondering what to do if you’ve got mortgage stress? Consumer advocate, RateCity.com.au, believes COVID-affected customers should not have to pay a higher rate if they can only afford to make interest-only repayments on their home loan when their six-month deferral ends. From September, homeowners on a deferral who can’t resume their repayments can potentially extend…
Debt is bad – I don’t want to borrow! That’s what I heard someone say at friend’s BBQ last weekend. The conversation had turned to real estate and what’s happening in the property markets are at present (as it usually does) and one of the group standing around said: “I’ve almost paid off my house…
