From the 21st of February 2022, the Australian Government opened the borders and welcomed double-vaccinated tourists and visa holders from around the world. Eligible visa holders can come to Australia without a travel exemption or quarantining, and concessions are being granted to skilled visa holders in order to incentivise them to stay in the country…
Inner-city Melbourne apartment rents have fallen by nearly 25% over the last 2 years. And since the pandemic started inner-city Sydney apartment rents fell 7.7%. Of course, this was related to the impact of the border closures on these rental markets. Source: Proptrack So will international borders reopening revive inner-city rents? That was the theme…
Australia’s property market is off to a strong start for 2022, despite concerns about a cash rate increase and the continuing Covid-19 Omicron outbreak. Buyers wasted no time looking for their next property investment or home, with search volumes and views per listing hitting record highs throughout January, according to the latest PropTrack report. The…
Another week, another fresh take on where the housing market is going. This time it’s from the ANZ, which expects overall house prices in Australia to increase by 8 per cent this year, up from its earlier forecast of 6 per cent. However, the bank is now expecting larger house price falls across the capitals…
In the final week of January, the ABS released the latest inflation figures for Australia over the December 2021 quarter. Inflation measures the change in the price of a basket of goods over time and is a good measure of how supply and demand pressures are playing out in the economy. It has been one…
What’s ahead for interest rates? The Reserve Bank Board meets next week on February 1 and the Governor will be addressing the National Press Club on February 2 and the Bank will release its February Statement on Monetary Policy on February 4. And the media and most investors are waiting with bated breath to hear…
A home improvement loan is a term that is increasingly being used in Australia but is largely a US phrase that’s been imported. It describes a type of loan that is a separate product from the mortgage you might already have and is generally used to renovate a property. People may choose a home improvement…
Australia’s housing market started the new year on a high with lending rates and building approvals seeing strong gains. Australia’s housing lending jumped again in December (+4.4 per cent month-on-month). In a recent ANZ Blue Note, senior economist Adelaide Turnbull explained that there is a growing risk the resurgence of lending could continue in the…
Refinancing is simply the process of taking your home loan debt and moving it to another bank or lender. If you can refinance your mortgage to a cheaper interest rate, you can save money on your monthly repayments or even own your home outright years sooner. Here’s how it works. What is refinancing? Refinancing is…
What can we really expect from our property markets in 2022? While have seen some wild predictions being thrown around in media headlines, the reality may be different from what you expect. Following a year where house prices had their largest annual rise in 30 years1 (21%) amid all the challenges of a global pandemic,…
