Inflation remains within RBA’s target range…
The latest inflation data, which were recorded before the USA’s recent series of tariff announcements, show further progress in the battle against inflation, making future interest rate cuts more likely. The annual headline inflation rate fell from 2.5% in January to 2.4% in February, according to the Australian Bureau of Statistics, which was the seventh […]
RBA Rate Cuts in 2025? What It Means for Homeowners, Investors & First-Home Buyers
Don’t miss our LinkedIn post where we first shared this exciting update! The chatter around interest rates has been non-stop, and for a good reason. With Westpac and ANZ now tipping the Reserve Bank of Australia (RBA) to start cutting rates as early as February, while NAB holds firm on a May forecast (for now), […]
Townsville’s Property Market Set to Boom in 2025: Here’s What You Need to Know
Free consult — no obligation Local Townsville experts Results in 10–15 minutes Award Winning Loan Specialists Rates are up — but you could still borrow more than you think Get a personalised borrowing estimate — built around today’s rates, your income, and your goals. First home or investment property, we’ve got you covered. 500+ Locals […]
Borrowers staying on top of mortgages, despite higher cost of living
Despite the rise in inflation and interest rates over the past two years, “nearly all borrowers continue to service their debts on schedule”, according to the latest Financial Stability Review from the Reserve Bank of Australia (RBA). “Households with lower incomes, including many renters, have felt these budget pressures acutely,” the RBA said. “Most mortgagors […]
Prices rising in 88.4% of suburbs in Australia…
Australia has hundreds of different property markets, which are often at different points in their cycle, so it’s common for there to be many markets where prices are increasing and many where they’re decreasing. Right now, though, the vast majority are in growth mode. An analysis of 4,625 house and unit markets around the country […]
Stamp duty costs rising, due to ‘bracket creep’
Stamp duty costs rising, due to ‘bracket creep’ New research by the e61 Institute and PropTrack has revealed there’s been a significant increase in relative stamp duty costs in recent decades. Back in the early 1980s, buyers in Sydney, Melbourne, Brisbane and Adelaide needed to do about one month’s work to cover the cost of […]
New home purchases rise 5.3%
Australians purchased 5.3% more new homes in February than the month before, according to the Housing Industry Association (HIA). However, HIA chief economist Tim Reardon said this increase was off a “very low” base. Based on the number of new homes being approved for construction and purchased, he forecast there would be a decade-low amount […]
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%. […]
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 […]
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 […]
Average credit score hits 855…
Despite rising interest rates, Australians have improved their credit score over the past year. The national average credit score rose from 846 in 2022 to 855 in 2023, according to an analysis of more than two million credit scores by credit bureau Equifax. That means the average Australian has improved from ‘very good’ to ‘excellent’, […]
Mortgage borrowing increases 5.6% month on month…
Mortgage borrowing increases 5.6% month on month… Home loan borrowing activity is increasing among both owner-occupiers and investors. Owner-occupiers committed to $17.23 billion of mortgages in October, according to the latest data from the Australian Bureau of Statistics. That was 5.6% higher than the month before and 1.4% higher than the year before. Investors committed […]