While 2020 was the year many things in the world fell apart, it was the year everything came together for house hunters Caitlin and Joel, both 33.
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In a year when just about every real estate record was broken, home buyers turned to mortgage brokers in droves. More than two-thirds – a record 66.9 per cent – of residential mortgages were written by brokers in 2021.1 That’s a leap of 6.8 per cent on the year before…
Lenders are helping parents boost their children’s buying power without putting their house or relationships on the line.
Many first home buyers now have access to a new government scheme that could get them into their first homes years sooner.
The history of Australian banking has always been dominated by the big four – ANZ, Commonwealth Bank, NAB and Westpac.
With the uncertainty of tax changes gone, a lessening of borrowing restrictions, and a new scheme to help first home buyers – coupled with two interest rate drops – it looks like things are swinging back into the borrowers’ favour. The election result took most of us by surprise. The…
Is the Great Australian Dream to own your own home over? That’s the question on the lips of Millennials around Australia… and indeed many of their parents who are still providing a roof over the head of these 20-plus somethings.
If Dorothea Mackellar was here today she might replace her famous poetry line about “ragged mountain ranges” with one about the country’s home price ranges. Just like our natural geography, the nation’s property landscape is one of contrasts.
While prices are a product of supply and demand, it’s worth understanding the factors that sit beneath both sides of the equation. In other words, what drives supply and what drives demand?
While you’re getting your head around the macro, don’t lose sight of the micro. Median house prices can vary greatly from suburb to suburb. Here’s the local data house-hunters should have to help make an informed decision.