September 11, 2017
Queensland has the highest percentage of first-home buyers, according to new research from credit report company, Credit Simple.
Queensland made up 17 per cent of all mortgage applications for people under 30, the highest percentage of any state, according to mortgage application data from January 2017 to June 2017. Western Australia was close behind with 16 per cent, while South Australia is home to 15 per cent of loan applicants under 30. CreditSimple.com.au spokesperson Emily…
First-home buyers are re-entering the market after years spent waiting on the sidelines.
The latest Australian Bureau of Statistics housing finance data shows the proportion of first-time buyers in the home loan market rose from 14.9 per cent to a 47-month high of 16.6 per cent in July. In total, 56,464 home loans were approved in July, up 2.9 per cent from the previous month and the third consecutive monthly gain.
Fresh real estate listings, softer investor demand together with competitive owner-occupier lending rates and new first home buyer incentives will present favourable opportunities for owner occupiers this spring, predicts home loan lender, ME.
“When September hits, the property market blooms with more listings and plenty of Australians rush in ready to sell and buy,” said ME Head of Home Loans, Patrick Nolan.“But this season will be different from previous years’…
If you’re looking for an interstate investment property, Brisbane may be the way to go with dwelling values slipping by 0.6% over the month of August and rising by only 2.2% over the past year. Annual growth is only slightly higher than inflation and wages growth, Brisbane’s housing market remains affordable relative to other larger capital cities, and rental yields are substantial higher than what’s being achieved in Sydney and Melbourne….
August 24, 2017
The availability of affordable homes south of Perth is the key to the recovery of the city’s property market, according to Craig Abbott, General Manager WA, Raine & Horne.
“There is plenty of news suggesting that Perth’s real estate market is in a rebalancing phase. I think it’s too early to call a market recovery; however, with a number of suburbs recording some of the best value increases in…
August 23, 2017
By Sasha Karen
Investors looking to purchase in Perth may be happy to know that when compared to prices last year, property values have fallen an equivalent of one year’s salary, according to one expert.
Travis Coleman, CEO of ACTON, says Perth property offers investors the chance to save an approximate $80,000.“There is [a] general belief that the Perth real estate market has now bottomed and this was confirmed by the…
Hazel Easthope | Laura Crommelin | Laurence Troy, City Futures Research Centre UNSW, PerthNow
LAST year marked the first time that construction began on more higher-density housing in Australia than detached dwellings.
While many may claim this as a success for “compact city” policies, the negative consequences of this transition disproportionately affect lower-income and disadvantaged households.
August 17, 2017
AAP 15 August 2017
The central bank is losing confidence that Australia’s hot property market is cooling enough, particularly in Melbourne and Sydney, an economist says.
Minutes from the Reserve Bank of Australia’s August meeting – at which it decided to leave the cash rate unchanged at 1.5 per cent – reveal the board remains concerned about house price growth and the level of…
August 16, 2017
Investors from overseas who buy property in Australia are filling gaps in the economy that locals may not be able to.
It’s hard to deny that house prices in Melbourne and Sydney are through the roof.
And it’s not uncommon to hear people blame the government’s ‘relaxed’ rules for foreign investment in Australia. And more often than not, overseas investors are misunderstood and seen as purely negative.People are quick to…
Chris Leitch, PerthNow
PERTH remains one of the most livable cities in the world – but one thing is holding us back from cracking the top five.
The Victorian capital got the gong on Wednesday, scoring perfect scores for healthcare, education and infrastructure.
The top-10 cities remain unchanged…