Joey Moloney and Breandan Coates| The Conversation| 7 June 2022 The housing game has changed – interest rate hikes hurt more than before (theconversation.com) The Reserve Bank has lifted the cash rate for the second time in two months, this time by 0.50 points to 0.85%. It won’t be the last such hike. Forecasters expect […]
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Phoebe Loomes| New Daily| 19 June 2022 NSW to introduce ‘shared equity’ scheme to boost home ownership (thenewdaily.com.au) Frontline workers and singles over 50 will receive “a leg up” into the NSW property market, with the state government to introduce a shared equity housing scheme in this week’s budget. Premier Dominic Perrottet says housing affordability is […]
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Robert Harley| Australian Financial Review| 23 June 2022 https://www.afr.com/property/commercial/buyer-beware-the-choice-between-land-tax-and-stamp-duty-20220622-p5avlt Karl Fitzgerald, the advocacy director at Prosper Australia, is a strong believer in the benefits of replacing property stamp duty with a broad-based land tax. But he has a warning for first-home buyers attracted to the Perrottet government’s proposal for an opt-in annual land tax to replace stamp […]
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Richard Gluyas| The Australian| 23 June 2022 https://www.theaustralian.com.au/business/financial-services/council-of-financial-regulators-closely-watching-housing-market-for-financial-stress/news-story/f81e7d9ea6c66788424489b8cb80f9bf The Council of Financial Regulators is keeping a close eye on emerging risks in the housing market, amid rising pressure on household budgets from banks passing on Reserve Bank rate hikes to their customers. The CFR, which had its regular quarterly meeting of the four main financial […]
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There’s no doubt that Covid has radically changed the property market. It has also revolutionised mortgages. With 67 per cent of loans now written by brokers, the old business model of just walking into your branch is dead. And, with Covid often causing banks to close branches, the only reliable fact is that a borrower […]
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https://theconversation.com/vital-signs-whats-wrong-with-australian-mortgages-theyre-fixed-for-shareholders-not-home-owners-176234 Richard Holden| The Conversation| 4 February 2022 If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates. That’s already the reality for US home buyers. Unlike in Australia, most mortgages in the US have a fixed-interest rate, locked in for […]
[...]Rebecca Pike| Australian Broker| 26 October 2018 https://www.brokernews.com.au/news/breaking-news/first-home-buyers-at-highest-level-in-8-years-256609.aspx Lending to first home buyers has grown by 74% in Sydney in the last year, according to a report released this week. QBE’s Australian Housing Outlook 2018-2021 also looks at property price prediction and expects house prices to grow over the next three years, apart from in […]
[...]Isabelle Lane| The New Daily| 17 September https://thenewdaily.com.au/money/property/2018/09/17/housing-crash-60-minutes/ A television report alleging Australian home prices could crash by as much as 40 per cent in the next year has been slammed by property experts. Titled “Bricks and Slaughter”, the 60 Minutes report by journalist Tom Steinfort focused on a “nightmare” scenario outlined by Digital Finance Analytics principal Martin North. It predicted “two-fifths of your home’s […]
[...]Brendan Coates| The Conversation| 24 July 2018 https://theconversation.com/migrants-are-still-buying-into-the-dream-of-home-ownership-but-its-becoming-more-elusive-100246 Recent Australian migrants are buying into the Great Australian Dream of home ownership. But rates of home ownership among recent migrants are falling, as they are among all Australians. Unless we build enough housing to match Australia’s growing population, all Australians, including migrants, will pay the price. […]
[...]Melissa Heagney| Domain| 21 August 2018 https://www.domain.com.au/news/thousands-of-australians-forced-into-rental-stress-report-highlights-income-disparity-20180821-h147ad-759186/ Renters living in the inner-suburbs of Melbourne, Sydney or Brisbane are spending nearly half of their wages on rent – so much that renting is becoming as unaffordable as buying, according to a new report released on Tuesday. Many other Melburnians, Sydneysiders and Brisbanites are spending over 30 per cent of an […]
[...]Charlotte Hamlyn| The New Daily| 19 August 2018 https://thenewdaily.com.au/money/property/2018/08/19/baby-boomers-moving-back-grown-kids/ In a tough housing market, more and more young people are opting to stay living at home for longer. But there is another growing trend — baby boomers moving back in with their adult kids. And it is by choice. Research suggests about one in five […]
[...]Isabelle Lane| The New Daily| 17 July 2018 https://thenewdaily.com.au/money/property/2018/07/17/carpark-glut-city-apartments/ A glut of parking spaces may be unnecessarily pushing up the cost of inner-city apartments, a property expert has warned. “Over half the residents of inner Melbourne do not own cars, and many people are paying for a space that they do not want or need,” said […]
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