Shannon Molloy| Real Estate| 1 August 2022 Home prices have just fallen further – except in these two capital cities (realestate.com.au) Property price falls extended further across Australia in the past month, but there are two capital cities defying the cooling market trend, new data reveals. The latest PropTrack Home Price Index for July was released today […]
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Eleanor Creagh| Real Estate| 28 July 2022 What happened during previous property market downturns? – realestate.com.au Interest rates are moving higher – and quickly – and fears of a steep and lasting decline in home prices are mounting. Some forecasters have warned the impending correction will see a 30% fall in property prices from their […]
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Derek Rose| Te New Daily| 28 July 2022 Apartments outperform house prices for first time in three years: Domain (thenewdaily.com.au) The price of apartments outperformed houses last quarter for the first time in three years, a new report shows. Domain’s June Quarterly House Price Report indicates the average price of a unit in Australia’s capital […]
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Scott Haslem| Australian Financial Review| 1 August 2022 https://www.afr.com/wealth/personal-finance/three-reasons-inflation-could-be-lower-by-next-year-20220728-p5b5bq Fears of a global recession and a housing market crash have dominated headlines after Australia’s 6.1 per cent inflation figure last week, our fastest pace in over 20 years. Fuelling the car, building a home (or just living in someone else’s) and keeping food on the […]
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John Kehoe| Austalian Financial Review| 29 July 2022 https://www.afr.com/policy/economy/inflation-can-turn-negative-in-2023-20220729-p5b5nh Inflation could turn negative by late next year as petrol prices decline and supply chain pressures ease, allowing the Reserve Bank of Australia to avoid being too aggressive on interest rate rises. Economists expect some major global inflationary pressures to be temporary and Australia’s quarterly headline […]
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Sam Nicholls| Mortgage Business| 2 August 2022 Refinancing surges by 29% across east coast during FY22 – Mortgage Business The number of borrowers refinancing across Australia’s three eastern states hit record figures over the 2022 financial year, according to new PEXA data. As highlighted in PEXA’s latest Mortgage Insights Report, there was a record 331,976 property […]
[...]James Eyers| Australian Financial Review| 28 September 2018 https://www.afr.com/business/banking-and-finance/financial-services/banking-royal-commission-interim-report-business-lending-in-the-clear-20180928-h15zcu Business lending is highly unlikely to face calls for tougher regulation in the final report of the royal commission, after Commissioner Kenneth Hayne suggested the hearings did not identify any need for consumer law protections to be extended to cover small business loans. “The evidence and […]
[...]John Kehoe| Australian Financial Review| 23 September 2018 https://www.afr.com/news/small-business-blames-real-tightening-in-credit-on-the-banking-royal-commission-20180922-h15qg6 Small business says it is facing a credit crunch and is blaming the royal commission into financial services for causing nervous banks to slow lending to the self-employed. The moderation in lending to small firms in recent months appears to be an unintended consequence of anecdotal […]
[...]Rebecca Pike| Australian Broker| 27 September 2018 https://www.brokernews.com.au/news/breaking-news/bank-withdraws-smsf-lending-255441.aspx The number of banks offering self-managed super fund (SMSF) lending has dropped again as another lender announces it is pulling the product from its offering. AMP has followed similar moves from CBA and Westpac in discontinuing the lending. The bank said it will continue to support existing […]
[...]The Adviser| 25 September 2018 https://www.theadviser.com.au/breaking-news/38291-86-of-investors-to-secure-next-loan-through-a-broker An increasing number of property investors are looking to secure their next loan through a mortgage broker as they seek alternative finance solutions amid tighter lending policies. According to a survey of 820 property investors from the Property Investment Professionals of Australia (PIPA), 86 per cent of property investors […]
[...]Peter Beaumont| The Adviser| 25 September 2018 https://www.theadviser.com.au/blogs/38294-brokers-should-ready-their-business-for-ccr Brokers are being urged to review important business processes ahead of a new credit reporting framework coming into effect later this week. Comprehensive Credit Reporting (CCR) begins on Friday, 28 September, when the country’s largest banks will begin sharing customer repayment histories with other lenders. As part […]
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Isabelle Lane| The New Daily| 7 August 2018 https://thenewdaily.com.au/money/property/2018/08/07/out-of-cycle-rate-hikes-predicted/ The big four banks are expected to raise mortgage rates despite the Reserve Bank decision to keep the official cash rate steady. The RBA announced on Tuesday the official interest rate would remain on hold at 1.5 per cent. The decision continues a record-breaking streak of official interest rate stability, marking two years […]
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FOMO (Fear of Missing Out) has been applied to both home purchases and toilet roll over the past weeks. While, on the surface they may appear to have nothing in common, there’s actually quite a few common links – which bode well for lending in the property market. Its about supply and demand and thankfully, […]
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Roughly two million older Australians are considering moving homes when they retire. But they won’t be giving up the spare bedroom. It will be reserved for friends and family, or repurposed into a study or sewing room – extra space that will allow them to “age in place” and stay connected to their community. Downsizing […]
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If national prices continue on their current trajectory, 2020 will see the fastest market recovery in Australian history, according to property research group CoreLogic. The property downturn saw an 8.4% correction in values. In just seven months, this fall has largely been made up, with prices on track to fully recover in the next three […]
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Exclusive Australian Bureau of Statistics data has revealed the staggering difference in wealth of older Australians in owner-occupied households compared to those that rent. Key points: – Those who own property as they approach retirement are much better off than those of the same age who rent, ABS data shows – Rates of home ownership […]
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It’s a rising market and that should spell profit for mortgage brokers, real estate agents, financial planners and accountants Yet, recent legislation passed in Canberra means that the way Australians source loans in 2020 will be different to before. Under the recent changes, mortgage brokers will be legally required to work in the Best Interest […]
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Housing finance increased steadily by another 1.3 per cent in September – taking growth since May to 15 per cent. Already, market commentators are predicting that Sydney and Melbourne will hit record highs in April 2020. But where will the finance come from? This month the increase was driven by homebuyers, while investor lending dropped […]
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