Confidence in the housing market is rising, with new data revealing a 9.1% jump in home loans for the purchase and construction of new homes in the three months leading up to August, compared to the same period last year. “This growth in lending comes from a shallow base,” said Tim Reardon, chief economist of …
Housing Market shows resilience with growth in New home lending Read More »
Key Highlights: Loan Boom in Australia: Western Australia and Victoria • Western Australia and Victoria are driving the expansion of owner-occupied loans, with yearly increases of 7% and 6% respectively. • Mortgage Insights reports an 8.8% annual increase in the average interest rate on a new house loan in Australia. • Buyer activity is shifting …
When closing on an investment property, you’ve already made significant strides—from scouting locations to securing favorable financial terms. However, the closing process itself is where many investors encounter challenges. For property investors in Australia, the closing stage involves several steps, right from securing the best home loan to navigating legal and financial paperwork. This quick …
Essential Tips to Consider Before Closing on Your Investment Property Read More »
Indeed, this can be classified as a rite of passage in the heart of every Australian city-from the vibrant streets of Sydney to the artistic laneways in Melbourne. For most, it is a matter of pure practicality because it provides flexibility at times when the housing market is changing very fast. Amidst constant swirls of …
Improved affordability and vendor losses continue failing to attract buyers, according to CoreLogic data showing 65 Sydney and Melbourne unit markets remain below their 2010 peak prices. “A 3.5% decline in mining drove the fall in business turnover,” says the report of CoreLogic. Why do buyers hesitate? Buyer resistance is mostly caused by the “wrong …
How to Beat Buyer Hesitation in the Undervalued Unit Market! Read More »
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