“Refinancing activity has remained at record highs in recent months, as borrowers continued to switch lenders amid interest rate rises,” according to the Australian Bureau of Statistics (ABS). Owner-occupiers and investors refinanced a combined $20.2 billion of loans with external lenders in June, the ABS reported. While that was 3.1% lower than the month before, … Continue reading Refinancing Jumps 12.6% year-on-year
Hi , Christmas is just around the corner, so if you haven’t done your shopping it might be wise to start now. In the meantime, here are four stories I think you’ll like: • Australian market gets big tick • The properties tenants want most • Govt aims to build 1m new homes • Home … Continue reading Australian property gets big tick | Mixed picture for rental market | Govt aims to build 1m new homes
As expected, the Reserve Bank of Australia (RBA) lifted the cash rate target by 50 basis points to 1.35% at today’s board meeting. This marks the third month in a row that the RBA has hiked rates, with further increases expected over the course of this year as the central bank seeks to contain rising … Continue reading RBA Lifts Cash Rate to 1.35%
Australia recorded a national vacancy rate of just 1.0% in June, according to SQM Research, which means the rental market is strongly favouring property investors. Over the past 12 months, the vacancy rate has fallen from 1.7% to 1.0%. As a result, there is now only one vacancy for every 100 rental properties. Extraordinarily, the … Continue reading Property Investors enjoying strong rental demand
In a widely-anticipated move, the Reserve Bank of Australia (RBA) increased the cash rate at today’s board meeting, from 1.35% to 1.85%. This is the fourth month in a row that the RBA has increased the cash rate. Future rate rises are all but certain, possibly as early as September. August Statement
Buyers are increasingly enjoying more choice, with a growing number of properties listed for sale in many parts of Australia. The number of for-sale properties across the country in July was 0.6% higher than the month before, according to PropTrack. Even better, listings in July were 4.9% higher than the year before, which is the … Continue reading Buyers enjoying more choice, as listing numbers rise
