On Tuesday morning, NAB took up to 65 basis points off the stated fixed rates for its range of premium packaged mortgages. It now has rates as low as 5.89% p.a. for homeowners who pay back both the capital and the interest. For those who agree to a three-year fixed rate, that is the lowest …
Breaking News: NAB Slashes Home Loan Rates Again – Is Now the Time to Save Read More »
Today’s highlight: Housing Market Trends in Australia • Housing lending slows to 1% month-on-month in August, a drop from the 3.5% rise in July. • Investor lending rose 1.4% month-on-month in August, up 34.2% over the past year. • Queensland led the nation in lending growth, with a significant 41% year-on-year increase. • Building approvals …
The Housing Market Takes a Breather: Is Now the Time to Buy? Read More »
The PropTrack Home Price Index shows that home prices across the country only went up by 0.04% in September. Prices have been going up for 21 months in a row, though the rate has slowed as more homes come on the market, giving buyers more options. Economist says, “The upswing is still going strong, but …
The Reserve Bank has reported that household budgets have been significantly impacted by high inflation and rising interest rates, resulting in substantial decreases in real disposable incomes (measured after tax, interest, and adjusted for inflation) since early 2022. Since the initial rise in cash rates in May 2022, many mortgage holders have experienced an increase …
Inflation Tightens Its Grip on Household Budgets! Read More »
Some fabulous news just coming in from the Australian Bureau of Statistics: household wealth in Australia rose by 1.5% or $250 billion, during the June 2024 quarter. The seventh consecutive quarter of growth, the recovery and resiliency within the economy can be truly envisioned. Total household wealth has grown to an incredible $16.5 trillion, and …
See How Rising Property Values Are Fueling Australia’s Financial Boom! Read More »
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