• 25/10/2020

Category: Property Market

Why, despite the coronavirus pandemic, house prices continue to rise

Why, despite the coronavirus pandemic, house prices continue to rise

https://www.economist.com/finance-and-economics/2020/09/30/why-despite-the-coronavirus-pandemic-house-prices-continue-to-rise The Economist| 30 September 2020 During the global recession a decade ago, real house prices fell by an average of 10%, wiping trillions of dollars off the world’s largest asset class. Though the housing market…

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Buyers return to the housing market

Buyers return to the housing market

https://www.afr.com/property/residential/buyers-return-to-the-housing-market-20201020-p566pa Mirana Ward| Australian Financial Review| 20 October 2020 Residential sales nationally are outpacing fresh listings of properties for sale as buyers take advantage of low mortgage rates, one of several indicators pointing to a rebound…

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Home loans surge by 12.6 per cent in August

Home loans surge by 12.6 per cent in August

Steven Deare| The New Daily| 9 October 2020 https://thenewdaily.com.au/finance/property/2020/10/09/home-loans-august/ More Australians are seeking to buy a property while interest rates remain at historically low levels, sending new home loan commitments surging. Home buyers took advantage…

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Sticky
Mortgage Growth Predicted

Mortgage Growth Predicted

Across the country auction clearance rates are strong and getting stronger. Low interest rates, government handouts and possible relaxing of lending criteria are encouraging Australians to take out a mortgage and buy a property. Most…

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‘Now is the time to buy’: Property experts’ rent warning

‘Now is the time to buy’: Property experts’ rent warning

https://au.finance.yahoo.com/news/now-is-the-time-to-buy-stop-renting-property-experts-warn-003604463.html Anastasia Santoreneos| Yahoo Finance| 8 September 2020 Australians in all capital cities, bar Sydney and Melbourne, would be better off buying a home than renting it, new data has revealed. According to Pete Wargent,…

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How long will it take for the Aussie economy to return to growth?

How long will it take for the Aussie economy to return to growth?

https://au.finance.yahoo.com/news/how-long-will-it-take-for-the-australian-economy-to-return-to-growth-013515485.html Yahoo Finance| 9 September 2020 The Australian economy is set to end 2020 lower than what it began but economists expect better years ahead. The Reserve Bank believes it will take until 2022 for…

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Is this a window of opportunity for property?

Is this a window of opportunity for property?

The property market is rapidly approaching crunch time – where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments.  Some will…

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Where will property growth be?

Where will property growth be?

Regional property markets have significantly outperformed city markets on average over the past year and new research indicates median prices in regional areas across the country were up by an average of 3.4 per cent for the year to…

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How COVID-19 Transformed the Property Market

How COVID-19 Transformed the Property Market

‘Life will never be the same again.’  Its been said non-stop since Coronavirus, but there is no doubt it has accelerated long overdue changes in the property market. Across the board, property-related professions are adapting…

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Australians find it easier to get a mortgage than before

Australians find it easier to get a mortgage than before

Many have argued that the stringent government response to COVID-19 has placed the property market cycle closer to another downswing. However, so far, property value declines have been fairly mild. And the government’s stimulus package…

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