Housing finance data released in November by The Australian Bureau of Statistics (ABS) has shown a further weakening of demand for mortgages in September 2018.Read More
As property prices in Sydney have soared so have the revenues flowing to the State government as it rakes in record levels of tax revenue through the stamp duty on property transfers. This stamp duty, approximately 4% of each property transfer, is a significant impost which increases the savings threshold for first home buyers and acts as a brake on mobility in the property market.Read More
In news this month, all eyes have been on the release of the Royal Commission’s interim report. We can expect conservative lending behaviour to continue, which is posing a challenge for investors.
Weakened vendor confidence sees fewer new listings being added to the market, now at the lowest seasonal level since 2012 according to CoreLogic’s Tim Lawless.Read More
In news this month, issues at the heart of the next Federal election, like potential changes to policies around negative gearing and capital gains tax are proving to be a growing concern for Australians. Changing credit policies focused on reducing the debt-to-income ratio are affecting the market, but Tim Lawless of CoreLogic indicates it likely that lenders will remain competitive for high-quality borrowers.Read More
Despite the market cooling, first-home buyers have been playing an important role in sustaining Sydney and Melbourne markets. And Adelaide is proving to be a standout, remaining buoyant and capturing the attention of buyers from eastern states.Read More