Should you buy now, or wait for a rate cut?
Many economists believe the Reserve Bank will start cutting interest rates in the final quarter of 2024. So if you’re thinking about entering the market, should you buy now or wait for those potential rate cuts to occur? To answer that question, it can be helpful to consult long-term data. During the decade to January […]
First home buyer loans rise 12.9%
There’s been a significant increase in first home buyer activity over the past year, based on the latest data from the Australian Bureau of Statistics. There were a total of 9,491 owner-occupier first home buyer mortgages issued across Australia in December 2023, which was 12.9% higher than the year before. First home buyer activity rose […]
50% of borrowers don’t understand Lenders Mortgage Insurance…
A significant number of borrowers are unclear about lender’s mortgage insurance (LMI), according to a recent survey of mortgage brokers by LMI provider Helia. The survey found that 85% of broker respondents think LMI can benefit buyers who want to get into the market earlier, while 70% believe it can also help renters who want […]
Why rents are expected to keep rising…
Why rents are expected to keep rising… Why rents are expected to keep rising… Rents have increased in most capital cities over the past year and are likely to continue rising throughout 2024, according to a leading property data expert. Between the December quarters of 2022 and 2023, the median rent on realestate.com.au rose 11.5%. […]
