Perth is experiencing a surge in demand for affordable properties as the spring selling season commences. Conisbee reported that the price of houses in Perth increased by one percent over the course of the month and by more than 23% for the year. Unit prices have also increased by 20% in the past year. Despite …
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 »
This week, big four bank NAB changed its prediction for the RBA’s first rate cut from May 2025 to February. This gave people more hope for a rate cut in the near future. It happened after CommBank pushed back its own rate cut forecast from November to December. This suggests that the market is starting …
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 …
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