Breaking news - Interest rate update

Breaking news – Interest rate update

The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1% as it awaits fresh economic data to allow it to assess the impact of its June and July cuts. In making this decision not to drop rates again the RBA will have considered some early evidence of an improving housing market following its previous cuts. ... More

New fixed rates from 2.99%

New fixed rates from 2.99%

So... It finally happened. New fixed rates from 2.99% We are now in a market place where we are able to obtain a 3 year fixed rate of 2.99% ! Yes, 2.99% (comparison rate of 3.53%) and this is effective as of the 28 June 2019. There are some conditions like the fact that is needs to be new borrowings of $300,000 or more and ... More

Melbourne’s median unit price are still growing

Melbourne’s median unit price are still growing

Melbourne's median unit price surged 2.8% in the last quarter, hitting $506,079, as per the Domain Group's State of the Market report for the December quarter. The ascent was incompletely determined by the developing interest for condos in the center to external ring suburbs. Indeed, even in the CBD, a market numerous investigators ... More

Will the Australian Housing Boom end?

Will the Australian Housing Boom end?

There is no halting the inescapable end of the housing boom in Australia, as house costs in two of the greatest markets began slanting downwards. In an editorial on the Guardian, business master Greg Jericho said the inquiry now isn't how much lower costs can go in any case, how abruptly the boom will end. Taking a gander at the ... More

Aussie house costs have been on rise for quite a long time

Aussie house costs have been on rise for quite a long time

The long haul ascend in Australian house costs, which started in the mid 1960s, has been the most managed property advertise rise on the planet in late decades, as indicated by another examination from the Basel-headquartered Bank for International Settlements (BIS). Analysts examined long haul slants in house costs crosswise over 47 ... More

You need a six-figure income to buy a home

You need a six-figure income to buy a home

In the event that you need to get into the property market in four of Australia's capital cities, you'll have to make well more than six-figures, as per new investigation by RateCity. Homebuyers in Sydney would need to make more than $190,000 every year to abstain from spending over 30% of their pay on contract reimbursements. This is ... More

Home loan pressure could intensify in the mining areas

Home loan pressure could intensify in the mining areas

Rising home credit loan costs may push contract pressure assist into hoisted an area in mining locales and different parts of the nation with sickly work markets, contract protection monster Genworth Financial cautioned on Wednesday. As indicated by Genworth, a higher extent of mortgage holders in Queensland and Western Australia have ... More

House costs come back to more reasonable levels in mining towns

House costs come back to more reasonable levels in mining towns

For prospective buyers searching for a home in Australia’s once dynamic mining towns, it’s as if the nation’s mining boom never took place. Median house prices in key mining centres in Queensland and Western Australia have fallen to below the average price of more than a decade ago. This has wiped out the capital gains of the iron ... More