Home buyers now need to be making a six figure salary to afford the mortgage on an average house or apartment in Sydney
MORTGAGE
Mortgage deferrals slashed again (https://www.businessinsider.com.au/australia-mortgage-deferrals-loans-repayments-2021-1)
Australian mortgage deferrals have fallen to just a quarter of their peak, according to the latest APRA figures.
Residential sales nationally are outpacing fresh listings of properties for sale as buyers take advantage of low mortgage rates.
Australia’s housing market looks set to perk up from the pandemic-induced slump very soon, new data has revealed.
First home buyers are plunging into the market during the pandemic, but for most, it’s taken a good few years of saving to get to the point of purchasing.
With fixed interest rates running at record lows, the renting generation is finally keen to shoulder that massive debt.
While banks are encouraging customers to begin paying back loans, many are simply not in a position to do so.
For Aussie property to double in value every seven years, values would need to grow on average by about 10% per annum.
Property developers counting on the housing market to escape forecast falls are in for a rude shock once government supports are terminated, a property insider …
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Sydney-based investors Scott and Mina O’Neill have put together a pathway to retirement before 30, creating a roadmap for others to emulate their success in building a $23 million portfolio in just 10 years.
Buyers are bidding past the listing price, incentives are out the window for off-the-plan purchases and developers are running out of stock, as the unprecedented frenzy for South East Queensland property shows no signs of abating.
Queensland has solidified its status as the location of choice for Australian property investors, who are becoming increasingly positive around the prospects of capital growth.
Renovators inspired by reality television shows and with access to funds are out in record numbers, but the rush to renovate is laden with potential pitfalls.
Struggling with the heat of the property market? Property expert Lloyd Edge has identified the most attainable suburbs in each capital city.
Faced with labour shortages and continued strong demand for new homes, construction industry figures are calling for an extension to HomeBuilder construction deadlines.
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