This spring, Australia’s property market is seeing a noticeable uptick in activity as both first-home buyers and investors enter the market in greater numbers. PropTrack’s latest data reveals heightened interest, with significant enquiries in high-demand suburbs. This trend reflects a rising confidence among Australians that now may be the ideal time to buy. A recent …
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 …
ANZ, one of the big banks in Australia, has lowered its interest rates on fixed-term home loans. This means that if you borrow money from ANZ for a home loan with a fixed interest rate, you’ll now pay less each month. The new rates are lower than before, especially for those who want to lock …
A survey by homebuyer sentiment found that consumers’ capacity to save for down payments has been negatively affected by inflation. The consumer price index increased 3.8% in the twelve months leading up to the June quarter and 1% in the month of June alone, according to ABS statistics. The housing market has the largest quarterly …
Rising Living Costs: The Biggest Obstacle to Owning a Home Read More »
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