Modelling by Dixon Advisory has shown that property investors may not be able to have an investment portfolio unless they have funds in reserve for every year of their loans under APRA’s tighter lending standards. Investors may have to set aside more capital to secure their loans or be priced out of the purchasing market. The Australian…
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Capital city home values increased 2.8% in July with national home values 11.1% higher now compared to the same period last year. According to the CoreLogic RP Data July Home Value Indices 2015 the total aggregated value of Australian housing has increased by just over half a trillion dollars over the past twelve months. Over the three months…
A quick study of the latest property data shows that a new type of property investor has definitely emerged. We still have the other traditional kinds: like the classic, slow build investor who has built up a portfolio over decades. Then there’s the mum and dad investors who are carefully looking to dip their toes…
Every day I read that the Great Australian Dream, home ownership, is becoming more a nightmare than reality. It is reported that buying a home is no longer possible as it is completely unaffordable. That is itself is a very loose statement and if I might say, incredibly sensational. But big bold bad news sells.…
No change to NSW first home buyer grants in the state budget could intensify activity before the grant’s 1 January 2016 reduction. The grant for buyers of new homes is scheduled to be reduced from $15,000 to $10,000. While recipient numbers are up, first home buyers have been largely absent from the booming Sydney market,…
Kirsty Lamont from Mozo.com.au tells us the five numbers that you need to know following Tuesday’s cash rate announcement. 8 How many lenders are offering variable home loan rates under 4% at the moment $44 How much the average monthly home loan repayment would rise by if the RBA increases rates by another 0.25% this year. 11…
Australia is still enjoying a “strong new home building cycle” despite a drop in the sales of new homes over the past 12 months. There were 24,132 new home sales in Australia between March and May, which was 6.7 per cent lower than the same period in 2014, according to the Housing Industry Association (HIA).…
Forget about Sydney becoming a million-dollar city – new data suggests its median house price has already passed $1.1 million. According to SQM Research, the city’s median house price has surged to $1.13 million after growing 15.9 per cent in the 12 months to 7 July 2015. The median unit price has also skyrocketed, growing…
Property buyers around Australia have suffered colossal increases in stamp duty over the past two decades. Melbourne has suffered the biggest stamp duty inflation between 1995 and 2015, with an increase of 695 per cent, according to new research from the Property Council of Australia. Stamp duty has risen during that time from $4,060 to…
The Reserve Bank wants interest rates to stay low despite expressing concern about strong price growth in Sydney and Melbourne. The Reserve Bank of Australia is keeping a close eye on rising prices in Australia’s two biggest markets, but still believes monetary policy should remain “accommodative”, according to the minutes of this month’s board meeting…