Search Results for: mortgages
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INDUSTRY NEWS
First-home buyers opting for “memories not mortgages”
First home buyers are increasingly First-home buyers are increasingly opting for “memories not mortgages” as the high cost of getting into the market makes owning a home less appealing to younger generations in the post-Covid world.
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Fixed-rate mortgages could hit 7 per cent in New Zealand
One-year fixed-rate mortgages could surge as high as 7 per cent in the coming months putting even more pressure on New Zealand property prices according to an expert.
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NEWS
More retirees have large mortgages but fewer are downsizing
Fewer retirees are looking to downsize this spring selling season, according to the REIA, with listings down 20-40 per cent
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Elite Agent
50 lenders now offer mortgages under 2 per cent
There are 50 lenders now offering a total of 126 home loan under 2 per cent. That's 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a '1'. On the average $400,000 home loan, a rate under 2 per…
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Elite Agent
Mortgages cheaper than rents in over half of Australian suburbs
A new report from Aussie and CoreLogic shows that it is cheaper to pay down a mortgage than to pay rent on a comparable property in over half of Australia's suburbs.
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Elite Agent
Gen Z wants split-rate mortgages, Boomers want fixed rates
The generational gap is evident in new research by Finder, which shows a new level of employment uncertainty is influencing how younger generations would prefer to structure their home loans. Out of 1000 Australians surveyed on how they would structure their mortgage if they were to refinance, 20 per cent would choose a split mortgage, dividing their loan into fixed…
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Elite Agent
The Sydney suburbs with the most million-dollar mortgages
A study of Sydney’s housing market has revealed that 20 per cent of homeowners across the city are currently facing mortgage debt of over $1 million. According to findings by Digital Finance Analytics (DFA), over 20,000 homeowners have mortgages in the millions, a figure higher than anywhere else in Australia. It is also a historical record. The research, based on…
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NEWS
730,000 interest-only mortgages a ticking time bomb
Hundreds of thousands of borrowers on interest-only loans will be hit with higher repayments this year according to new research by comparison site Finder. A Finder analysis of Australian Prudential Regulation Authority (APRA) data revealed that 730,000 interest-only (IO) home loans will convert to principal and interest repayments in 2020. Of all the home loans granted in 2015-2016, a worrying 39…
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NEWS
APRA proposes loan providers to set their own floor rate, allowing bigger mortgages
The Australian Prudential Regulation Authority (APRA) has announced a possible revision to its 7 per cent ‘stress test’ buffer on home loans. In a letter issued to authorised deposit-taking institutions (ADIs), APRA has proposed removing its guidance and allowing ADIs to review and set their own minimum interest rate floor for use in serviceability assessments. In the letter, the regulator…
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INDUSTRY NEWS
Historically low rates unable to offset increasing mortgages: REIA
The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders says, “The latest Adelaide Bank/REIA Housing Affordability Report shows that whilst…
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THE ELEVATE PODCAST
Easter accelerator: Matt Lahood on the power of planning, how to capitalise on Easter sales and boosting client engagement
In today's fast-paced environment, where immediate response and strategic adaptability are crucial, The Agency’s Matt Lahood sets himself apart as a forward-thinking leader. He reveals his plan for maximising opportunities before and after this year’s busy Easter period.
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INDUSTRY NEWS
The value of property purchases falls as buyers tighten their belts
Rising interest rates led Australian borrowers to tighten their purse strings last year, with the total value of property purchases down 12.7 per cent according to new research
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NEWS
Forget about making zillions, Zillow posted a net loss for 2023
A fourth quarter surge in revenue hasn’t stopped US listings platform Zillow from posting a calendar year loss of US$158 million in 2023.
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INDUSTRY NEWS
Temporary buyer window opens in slowing Sydney luxury market
Price growth in Sydney’s luxury property market is starting to slow down opening up a ‘temporary window’ to buy according to an expert.
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INDUSTRY NEWS
Raine & Horne acquires New Zealand’s Mike Pero Real Estate network
Australian real estate brand Raine & Horne is expanding its reach after acquiring the nationwide Mike Pero Real Estate network in New Zealand and agreeing on a strategic partnership with Mike Pero Mortgages.
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INDUSTRY NEWS
WA rent relief to aid struggling tenants and landlords
Western Australia's peak real estate body has welcomed the State Government's new rent relief measures, saying they will provide a "circuit breaker" for struggling tenants and support worried investors.
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INDUSTRY NEWS
Borrowers are slashing non-essential spending as rates bite
Rising interest rates are forcing borrowers to cut back, with new research showing that Australians are trimming their non-essential purchases to deal with mortgage stress.
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INDUSTRY NEWS
RBA getting on top of inflation as borrowers cut back
The Reserve Bank of Australia’s (RBA) aggressive cash rate hikes are starting to have the desired effect on inflation, with borrowers being forced to dramatically tighten their purse strings.
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INDUSTRY NEWS
More pain for Perth tenants as the vacancy rate tightens again
In a blow for Perth renters, the vacancy rate has fallen again after only recently showing signs that conditions were starting to improve.
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INDUSTRY NEWS
House prices set to surge by June 2025
House prices will rise almost 15 per cent nationally by June 2025, with limited property supply, heavier migration and anticipated interest rate cuts fuelling the growth.
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OPINION
Nerida Conisbee: Will house prices drop now that supply is increasing?
House prices have been rising across Australia since the start of the year.
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INDUSTRY NEWS
Reserve Bank keeps interest rates on hold for third consecutive month
The Reserve Bank of Australia has kept interest rates on hold for a third consecutive month as it seeks to gain more clarity on the nation’s economic outlook.
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NEWS
The Block marketing campaigns launch on Domain
Buyers look set to fork out close to $3 million for the homes on season 19 of The Block, with the marketing campaigns going live on Domain this week.
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INDUSTRY NEWS
Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout in arrears according to an expert.
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INDUSTRY NEWS
National property prices set to rise up to five per cent over the backend of 2023
Property prices are expected to increase as much as a further 5 per cent nationally by the end of 2023, new data shows.
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INDUSTRY NEWS
RBA keeps interest rates on hold a 4.10 per cent
Australian mortgage holders are breathing a sigh of relief this afternoon after the Reserve Bank of Australia opted to keep interest rates on hold.
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INDUSTRY NEWS
Why a lower cash rate likely equals lower rents
With the cash rate still expected to peak this year, tenants are likely also in for a reprieve, with a property market expert explaining rent values usually move in line with interest rates.
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INDUSTRY NEWS
Are international students behind Australia’s housing crisis?
International students could absorb 70 per cent of the new homes built in Australia between now and 2028, a new study has revealed.
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INDUSTRY NEWS
Victorian investors are selling up over costly land tax
Stockdale & Leggo agencies across Victoria have reported a large number of mum and dad investors selling up ahead of the state’s new land tax coming into effect next year.
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NEWS
Short-term and loss-making resales on the rise
Some sellers could be incurring a loss in order to avoid high mortgage repayments, with new data showing the number of loss-making resales held under two years has spiked.
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INDUSTRY NEWS
Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman Bay in regional South Australia.
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NEWS
Escalating mortgage defaults as Australians grapple with mounting financial pressure
The number of Australians defaulting on their home loan is on the rise, according to new research.
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INDUSTRY NEWS
Interest rates rise to highest level since April 2012
The Reserve Bank of Australia has lifted interest rates a further 25 basis points to take the cash rate to 4.1 per cent.
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Elite Agent
Elite Agent timeline: What’s happening in the Metaverse?
Once a red-hot trend capturing the imagination of investors and tech enthusiasts alike, the metaverse is now experiencing a downturn in interest and demand.
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INDUSTRY NEWS
Are New Zealand’s interest rate hikes over?
The New Zealand Reserve Bank has shocked economic and property experts this week, raising the cash rate 0.25 per cent while indicating the next interest rate move will likely be down.
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