Over the 28 days ending 3 April 2016, total advertised housing stock levels were -4.2% lower on a national basis relative to last year, with the total volume of newly advertised listings being added to the market were -2.2% lower than a year ago. On the other hand, across the nation’s capital city markets, total stock available is currently 1.3% higher than one year ago, while new listings are tracking relatively steady, just -0.2% lower year on year. Despite the total levels
Content from Core Logic 05 April 2016 Each quarter the Reserve Bank (RBA) releases its selected ratios of household finances. The latest data for December 2015 shows the ratio of household and housing debt to disposable income has continued to climb. The latest ratios of household finances highlight that the ratio of debt to disposable income is at a record high however, the value of household assets is also at a record high level. Meanwhile with record low interest rates, th
The Commonwealth Bank has followed in the footsteps of Westpac in announcing that interest rates will rise on some of its home loans for both investors and owner-occupiers.
Commonwealth Bank yesterday announced that it will increase the standard variable interest rate for home owners and investors by 0.15%.
The increase means that from 20 November, owner-occupiers will face a standard variable interest rate of 5.60% per annum, while investors with a standard variable r
If you're looking to get a mortgage but you fall into the "non-conforming borrower" category, what can you do to give yourself the best chance of being approved? Before the GFC , it was relatively easy to get a home loan in Australia. In fact, most borrowers could access up to 95% or even 100-105% of the value of the home they were buying, without too much hassle. Then the credit crunch hit, and Aussie banks and lenders went into damage control by restricting their lending cr
About this post By: Laine Lister Posted: Apr 10, 2015 There's no avoiding the news that Australia is in one of the longest and lowest low interest rate environments it's ever experienced. As Tim Lawless, head of research at CoreLogic RP Data, has noted, the lowering of the cash rate to a record 2.25 percent back in February has brought interest rates to a level not seen since 1968, making home loans particularly affordable. In what is good news for property investors, these l
Are you struggling to stay on top of your tax payments. Have you thought about taking out a loan to clear your credit history with the ATO? Did you know that you can utilise your property to finance your tax debt. There are many lenders willing to assist in this field. Simply review your financial situation and have an expert work with you to provide a solution.
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Melbourne looks to be overtaking Sydney in Australia’s population race. While Sydney was well on track to become the country’s first city to reach five million people, a net loss of -14,900 people indicated that many have their eyes on heading south. Statistics released by the Australian Bureau of Statistics (ABS) showed Melbourne had the largest population growth over 2013/14 of 95,700 people, an increase of 2.2%. “Melbourne had the highest net internal migration gain of all