Australia’s largest banks have put aside more than $7 billion in bad loan provisions related to COVID-19.
Two of Australia’s biggest banks have slashed interest rates on a suite of home-loan products in what’s shaping up as the start of a lending war.
Property lenders say they have no intention of sitting on their hands as the sector emerges from the depths of the COVID-19 crisis.
Banks have eased the burden on families struggling amid the coronavirus-induced financial crisis by extending the home loan holiday by four months.
More than half of all Australians believe now is a good time to buy property as consumer confidence returns to levels not seen since start of the COVID-19 outbr…
Ella Ross and Thomas Edwards were all set to buy land in southern Tasmania and build their first home until the coronavirus pandemic put a hold on their plans.
Analysts had warned that the banking royal commission could make it harder for would-be homebuyers to get a loan.
Australian Property Investor Magazine
Access to finance is set to get easier, with a suite of reforms to be introduced by the federal government to help first homebuyers get into the property market and investors to bolster their portfolios.
Metricon Homes has continued its reign as Australia’s most prolific homebuilder, the fifth consecutive year it has built more houses than any other company.
Speculation is mounting around the prospects of further reductions in the official cash rate by the Reserve Bank of Australia, with some of Australia’s biggest banks slashing variable home loan rates.
The implications of COVID-19, and its exacerbation of the gap between rich and poor, are moving beyond the realm of immediate health and financial needs and shaping the future of our homes and communities.
Clearance rates have fallen and new project launches are getting scarce, but research from Urbis shows apartment markets across the country are holding relatively firm despite the challenges of the pandemic.
COVID-19 has created a sellers’ market in the City of Churches, and it is easy for buyers to pay too much or purchase something that is not ideal.