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 »
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 …
Cash Rate stays at 4.35% Headline Inflation Drops: False Positives? Headline inflation falls to 2.8% for the Quarter ending September compared to 3.8% for the Quarter ending June which is between the target range of 2 – 3% set by RBA and this must have called for a cash rate cut providing relief to existing …
Indicate Changes in Borrowing Behavior As per the latest ABS data owner-occupier housing increased by 3.5% to $10.4 bn and investor housing decreased by 0.4% to $ 6 bn. The average new home loan size has scaled to an all-time high of $ 642,121. An increase in the average housing loan size and increasing …
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