Our commentary on issues important to home owners, investors and borrowers
Multiple times a day we get asked about the state of the Sydney property market and what our predictions are for the year ahead. The good news for buyers this year is the Sydney market has certainly cooled and a new more balanced market between buyers and sellers is now pretty well established.
Read MoreSellers value the role of real estate agents in the listing process, with 70% of respondents saying agents help them make more informed choices, while 66% say agents help reduce the stress of selling.
Read MoreThe Australian Competition & Consumer Commission (ACCC) has cautioned the public about holiday season scams that have already affected consumers this year.
Read MoreAs we close out the year, it’s been a mixed bag for capital cities across Australia. Despite the ups for the east coast and the downs for the west coast, a recent survey from ME Bank found that Australians are increasingly keen to see property prices fall, with 25 per cent saying they’d be “happy” to see prices decline. More than a third wanted lower prices – and a quarter of these owned real estate themselves. No doubt most of these respondents lived in Sydney.
Read MoreThere is a boom, as momentum behind a new stock or asset speeds up and the media starts to cover it, fuelling its price rise.
Then the euphoria sets in, the value of the asset skyrockets and people start to make a profit. But looming around the corner is the panic.
Investors feel the last phase of a crash far more than they do the elation of the price rising, Hunt says. Panic breeds more panic and the price falls.
Read MoreThe slowing of Australia’s hottest housing markets has been welcomed by Treasury secretary John Fraser, who said it was a sign the regulator’s crackdown on risky lending has been effective.
At the same time, the QBE Australian Housing Outlook 2017-20 report has predicted price falls for apartment prices in all capital cities, except Adelaide, Canberra and Hobart over the next three years.
Read MoreLoanscape is your information resource about lending and property.
Loanscape has today released its Borrowing Capacity Index for Q3/2024. It shows that the borrowing capacities of Australian individuals and families have started to recover after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 37% higher than 2 years ago.
Loanscape has today released its Borrowing Capacity Index for Q2/2024. It shows that the borrowing capacities of Australian individuals and families have stabilised after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 35% higher than 2 years ago.
Combined dwelling values have re-accelerated across the nation in February, with all mainland capitals soaring in value. It probably comes as no surprise that Perth claimed the top spot by gaining a whopping 1.8% for the month
Loanscape has today released its Borrowing Capacity Index for Q1/2024. It shows that the borrowing capacities of Australian individuals and families continue to decline. The more modest decline in the size of average loans being taken confirms that lower income borrowers are being disproportionately impacted by interest rate hikes: the family income required to qualify for the average loan in Australia is now 32% higher than 18 months ago.
The end of the year is fast approaching, with most capitals experiencing a strong recovery on dwelling values from the downturn that culminated at the start of 2023.
The recovery is mainly due to an influx of immigration and constricted supply, which the Government is trying to remedy with its ambitious goal of building 1.2 million homes by 2029 through HAFF.
Loanscape has today released its Borrowing Capacity Index for Q4/2024. It confirms the forecast trend that borrowing capacities of Australian individuals and families are recovering from their low levels which coincided with the last of the recent increases to borrowing rates initiated by the Reserve Bank of Australia.