Positive news for Australians, economic updates from Westpac have been circulating around. Favourable business conditions and improved consumer confidence should support the housing market. And here’s a bit more information about what this means for you. Consumer Confidence on the Rise Consumer confidence was up an impressive 11.8 percent over two months in Westpac-Melbourne Institute …
Sluggish Wage Growth and Rising Costs Recent data from the Australian Bureau of Statistics (ABS) shows wage growth slowing down, with the Wage Price Index (WPI) rising just 3.5% for the quarter ending in September. For the first time since mid-2023, WPI growth has dropped below 4%, and average hourly wage increases have slipped to …
Making your first home purchase is exciting, but choosing a mortgage is overwhelming with a hundred options. How do you choose the mortgage that best suits your budget, long-term goals, and most importantly, your financial comfort? A systematic approach to comparing the various mortgage offers will help you make the right decision. This guide will …
How to Compare Different Mortgage Offers for Your First Home Read More »
While the Reserve Bank of Australia (RBA) has kept the official cash rate at 4.35% fixed mortgage rates are slowly shifting across various providers. The times are changing, but these changes may influence the next steps that borrowers take by adding or subtracting from their present rate. Take a look at what has been occurring …
Mixed Moves in Fixed Mortgage Rates as RBA Holds Steady Read More »
In a year marked by economic hurdles, recent mortgage data offers a hint of optimism. The latest Equifax Quarterly Consumer Credit Insights report for September 2024 shows a 2.9% increase in mortgage demand in Australia over the same quarter last year, marking the first upswing since 2021. This uptick, small yet significant, hints at improving …
Mortgage Applications Show Signs of Rising Confidence Amid Economic Shifts Read More »
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