There’s no doubt that the property market is in a downturn – with the Reserve Bank predicting price drops of around 15 per cent. However, one major developer is predicting the market will be in balance by 2024. Ups and downs are regular parts of the property cycle. However, one trend that will continue regardless […]
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Interest rates have increase by 1.75 per cent so far – and more rises are predicted. But how far will they go up and what will be the impact be on the property market? All experts see the property market declining but by how much and for how long is the question. And some economists […]
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Joyce Moullakis| The Australian| 2 August 2022 https://www.theaustralian.com.au/business/financial-services/lenders-offering-cheaper-mortgage-rates-for-customers-with-bigger-deposits/news-story/5a40bc4aa10306b296ad6f0f4da39399 A greater number of lenders are wooing home loan borrowers who have bigger deposits with markedly cheaper rates – as mortgage customers brace for a fourth 2022 rate rise this month. The Reserve Bank has applied three rapid-fire rate increases since early May totalling 1.25 per cent […]
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James Kirby| The Australian| 29 July 2022 https://www.theaustralian.com.au/business/wealth/house-price-crash-what-if-the-experts-have-it-wrong/news-story/48139e945170d7e5405d646c949d7c67 How much have house prices around the nation fallen by this year? The chances are you’ll guess a number which is dramatically worse than reality. The combined capital city drop is minus 0.5 per cent. Yes, you read that right, the reversal so far is teeny. So […]
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Damien Klassen| LIvewire| 12 July 2022 Australian property prices: Interest rates are just one part of the story – Damien Klassen | Livewire (livewiremarkets.com) Australian property market prices are falling, and rents are rising rapidly. Interest rates are rising even faster. In terms of mortgage payments, a 30%+ increase in one year is higher than […]
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Pete Wargent| Livewrie| 28 June 2022 What a 3.2% cash rate will mean for property prices and household savings – Pete Wargent | Livewire (livewiremarkets.com) At the time of writing, market pricing is looking for the cash rate to reach 3.20% by the end of 2022, which would be an even faster-tightening cycle than that […]
[...]Pete Wargent BlogSpot| 13 September 2019 https://petewargent.blogspot.com/2019/09/whats-happening-with-lending-standards.html A bit of interesting chit-chat on the Twitter today concerning whether mortgage lending standards are looser, or tighter…or neither of the above. On the one hand, the minimum assessment rate for mortgages was lifted, and replaced by a minimum 250 basis points buffer as I looked at previously here (while […]
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Anil Puri │ Director, Chan & Naylor Business Coaching From our experience working with finance brokers and real estate agents over the years, one of the key ways to guarantee better results is to have a simple way to set goals and put together a plan for your business. But many business planning methods are […]
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Landmark decisions mean that borrowing is getting easier, just as buyers are inching back into the property market. This week Westpac had a stunning court victory against the Australian Securities and Investments Commission on how banks should assess borrowers’ living expenses and the resultant impact on an applicant’s borrowing capacity. Justice Perram’s judgement noted that […]
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Jack Derwin| Business Insider| 12 August 2019 https://www.businessinsider.com.au/the-rba-is-now-considering-the-drastic-measure-of-negative-interest-rates-meaning-you-could-be-paid-to-borrow-money-from-the-bank-2019-8 Australians could soon be paid to borrow money from banks for the first time in history, as the Reserve Bank of Australia (RBA) says it’s prepared to take extraordinary steps to stimulate the economy. Facing up to the government’s standing economic committee on Friday, RBA governor Phillip […]
[...]Hannah Dowling| Mortgage Business| 8 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13686-mortgage-approval-values-bounced-back-in-june ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers. According to the latest Lending to Households and Businesses data from the Australian Bureau of Statistics (ABS), the total value of home loan approvals increased, in seasonally adjusted […]
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MFAA | 19 June 2019 https://www.mfaa.com.au/news/mortgage-brokers-record-highest-ever-market-share-amidst-tough-market-conditions The mortgage broker channel has recorded its highest ever residential home loan market share result with brokers settling 59.7 per cent of all residential home loans during the January – March 2019 quarter, according to the latest data released by research group comparator, a CoreLogic business, and commissioned by the […]
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Malavika Santhebennur| Mortgage Business| 14 May 2021 Investor enquiries rise, FHBs wane: REA Group – Mortgage Business A report has found that property investor enquiry spiked and first home buyer enquiry faded on the realestate.com.au website compared with 2020 as HomeBuilder concluded. The REA Group’s REA Insights Housing Market Indicators Report May 2021 revealed that in April 2021, email […]
[...]Martin Kelly| Australian Financial Review| 14 May 2021 House market cools but prices stay hot (afr.com) Big home price increases, fewer buyers and the removal of government purchase incentives are combining to slow the Australian property market, even though the number of active investors is up, REA Group says. But home prices should keep rising, […]
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Annie Kane| Mortgage Business| 19 April 2021 Major banks revise house price predictions – Mortgage Business The CEOs of the big four banks have outlined what their forecasts are for house prices over the next few years. The CEOs of the big four banks appeared before the House of Representatives economics standing committee last week, […]
[...] Michae Pascoe| The New Daily| 4 November 2020 https://thenewdaily.com.au/finance/2020/11/04/michael-pascoe-housing-prices/ The first lesson this week was that when offered cheap money, a significant number of Australians will rush to buy residential real estate, recession or not. The second lesson was this is pretty much what core economic policy has been reduced to in Australia – inflating […]
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‘Be careful what you wish for’ goes the old adage. Nowhere is the more true than in proposed changes to Stamp Duty which may have huge impacts on the way the property market operates. Changes proposed by NSW (and likely to be followed by other states will see stamp duty phased out and replaced by […]
[...] https://www.economist.com/finance-and-economics/2020/09/30/why-despite-the-coronavirus-pandemic-house-prices-continue-to-rise The Economist| 30 September 2020 During the global recession a decade ago, real house prices fell by an average of 10%, wiping trillions of dollars off the world’s largest asset class. Though the housing market has not been the trigger of economic woes this time, investors and homeowners still braced for the worst as it […]
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