Investors commit $9.72 billion of home loans…
Every state has recorded a rise in property investor borrowing over the past year, with Western Australia leading the way. Throughout Australia, investors took out $9.72 billion of home loans in November 2023, which was 18.0% higher than the year before, according to the most recent data from the Australian Bureau of Statistics. Looking at […]
National property prices rose 8.1% last year…
Australia’s median property price reached a record $757,746 at the end of 2023, after another year of growth. The median price rose 3.0% during the pandemic year of 2020, surged 24.5% in 2021, contracted 4.9% in 2022 and then climbed another 8.1% in 2023, according to CoreLogic. The median price for the combined capitals ended […]
Home building approvals trending higher…
More owners and developers are planning to construct new homes and renovate existing properties, according to the latest home building approvals data. In January 2023, only 12,185 building approvals were issued. But after trending higher throughout the year, the number of approvals reached 14,529 in November, an increase of 19.2%. Please contact me before you […]
How to budget better in 2024…
How to budget better in 2024… Becoming a better budgeter can help you save more, invest more and get ahead on your home loan. To stay on top of your finances, there are two broad approaches you can take. The first is to plan how much you’ll spend on each category (groceries, entertainment, etc) each […]
