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Owner-occupier lending bounces back from five-month slump

Borrowers in New South Wales and Victoria led the sharp rebound in loan commitments.
Australian Refinance Home Loan Melbourne borrowers came rushing back in November last year, driving a rebound in overall value of new loan commitments for housing.
Figures ...




  By:   ariesaxi    Hits:   53   Comments:   0



After years of ultra-low interest rates, will they rise in 2022?

Chatter about rising interest rates is set to slow property price growth in 2022, although the cash rate is expected to stay on hold until late in the year or 2023, economists say.
After years of ultra-low interest rates, slashed to near-zero to support the economy ...




  By:   ariesaxi    Hits:   15   Comments:   0



What will happen to house prices in 2022?

There will be an increasing number of Aussies feeling mortgage stress due to higher interest rates, while first home buyers are still in for a massive headache.
First home buyers are hoping for some relief from skyrocketing property prices around Australia but they ...




  By:   ariesaxi    Hits:   19   Comments:   0



Australian property prices surged 22pc last year, its biggest jump since the ...

Record low interest rates have driven Australian housing prices up 22 per cent last year — its sharpest rise in three decades.Key points:Housing prices rose 1 per cent nationally in December, with regional markets up 2.2pc and capital cities 0.6pcHobart had the ...




  By:   ariesaxi    Hits:   21   Comments:   0



Mortgage activity bounces back

Four states recorded a rebound in lending activity, including for refinancing.
Mortgage Broker Melbourne activity rebounded in November across the states of New South Wales, Queensland, Victoria, and Western Australia in November.

The latest figures from PEXA ...




  By:   ariesaxi    Hits:   18   Comments:   0



Aussie homes now worth over $9 trillion

The value of Australia’s residential dwellings rose by $487 billion to $9.25 trillion in the September quarter, according to the latest ABS figures.
The Australian Bureau of Statistics (ABS) has confirmed that the total value of Australia’s 10.7 million residential ...




  By:   ariesaxi    Hits:   15   Comments:   0



New residential listings soar in capital cities

The easing of restrictions in the biggest capital cities over the past month have led to a new record for new listings.
REA Group’s latest PropTrack Listings Report showed a 21.9% monthly growth in new listings in October, hitting the highest number on record.
...




  By:   ariesaxi    Hits:   14   Comments:   0



Rise in locking home loans after fixed-rate increases, data shows

To fix or not to fix? That is the question.
And if you look at fixing your home loan rate, is it worth paying a rate lock fee given the steady stream of rate hikes by the banks in recent weeks?
In the past month, 16 lenders have hiked their fixed rates twice, ...




  By:   ariesaxi    Hits:   52   Comments:   0



Housing market surpasses $9 trillion mark

Residential real estate is now estimated to be worth over a record $9 trillion, just five months after reaching $8 trillion in value, according to CoreLogic.


According to the property research group, the total value of home dwellings has surpassed a ...




  By:   ariesaxi    Hits:   16   Comments:   0



Brisbane Olympics could cause Queensland property prices to double
Brisbane and Queensland property prices could be set to rocket yet further on the back of the 2032 Olympic Games. PRD researchers predict that the median property price in Brisbane will top $1m for the first time and could go as high as $1.7m, if the Olympics have a ...




  By:   ariesaxi    Hits:   19   Comments:   0

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