Search Results for: well home loans
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NEWS
Homely launches Well Home Loans integration
Online real estate marketplace Homely.com.au has integrated online home loan provider, Well Home Loans, into its full-service real estate search.
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NEWS
First-home buyers surge, defying rising costs and rates
First-home buyers are fighting back against rising interest rates, the increased cost of borrowing and the increasing cost of living, leaving the charge for new home loans.
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INDUSTRY NEWS
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes are a record rate.
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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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INDUSTRY NEWS
Dwelling approvals and loan commitments drop
The Reserve Bank of Australia may have kept interest rates on hold this week, but that hasn’t stopped property industry experts from hitting out at the central bank after the latest lending figures showed the number of loans for buying and building a new home has dropped alarmingly.
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INDUSTRY NEWS
Time to save a deposit drops for first-home buyers
The time taken to save a deposit to purchase an entry-level first home has dropped by as much as 13 months according to new figures from Domain.
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INDUSTRY NEWS
Home buyers search for ways to save as rates rise
Home buyers searching for information on interest rate rises exploded in 2022, with new research suggesting thousands of Australians are looking to cope with higher borrowing costs.
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INDUSTRY NEWS
Affordability continues to cause problems for first home buyers
The surge in home prices over the past few years continues to make it more difficult for first home buyers to get into the market. Finder’s First Home Buyers Report 2022 has shown that those people currently looking to buy rated affordability as their top factor in selecting a home, followed by access to public transport, proximity to shops, and…
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INDUSTRY NEWS
First-home buyers quietly returning to the market
Despite rising interest rates, first home buyers appear to have passed “peak pessimism” and are slowing returning to the New Zealand property market, according to new data.
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INDUSTRY NEWS
145,000 homeowners would consider selling if rates rise
Over half a million Australian households would struggle to pay their mortgage, with many forced to sell, if interest rates rose three per cent according to a new survey.
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NEWS
New home loan values fall as interest rates rise
Rising interest rates are seeing homebuyers less willing to borrow, while at the same time house hunters are seeing their borrowing capacity slashed.
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INDUSTRY NEWS
Nearly 13 per cent of first home buyers are considering purchasing interstate
With property prices rising faster than buyers can save, one in eight first home buyers have said they are considering purchasing a home in another state to help them get on the property ladder.
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NEWS
Households well-placed to absorb interest rate rises
Despite doom and gloom headlines about rising interest rates and the increased cost of living, data from the Reserve Bank of Australia reveals many Australian mortgage holders are well-placed to absorb further interest rate rises.
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OPINION
Nerida Conisbee: Why this year could be a much better one for first home buyers
The start of the pandemic was a popular time for first home buyers to get into the market.
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INDUSTRY NEWS
First home buyers could turn to rentvesting in Sydney and Melbourne
Priced out of the major cities, first home buyers could choose to rentvest in what’s becoming a more popular option according to new analysis.
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INDUSTRY NEWS
Housing affordability stretching homeowners to the limit
It’s tougher than ever to afford a home with new data showing the proportion of income needed to pay off a mortgage has risen to 37 per cent.
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INDUSTRY NEWS
National scheme needed to bolster falling home ownership rates
An economic policy expert has called on the Federal Government to introduce a national shared equity scheme to help halt Australia’s falling home ownership rates. Grattan Institute Economic Policy Program Director Brendan Coates said whichever party won the Federal Election this year needed to tackle housing affordability and turn the nation’s rapidly declining home ownership rates around. “Within living memory,…
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INDUSTRY NEWS
CBA lifts fixed home loans 0.2 per cent
The Commonwealth Bank has increased interest rates on its fixed home loans by as much as 0.20 per cent.
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INDUSTRY NEWS
Value of home loan commitments rises after three months of falls
New loan commitments rose 6.3 per cent according to the latest data from the ABS marking continued strength in the national housing market.
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INDUSTRY NEWS
First home buyer lending in NZ likely to slow down
The first home buyer market in New Zealand is likely to slow down in 2022 as banks continue to reduce low deposit home loans according to new analysis from CoreLogic.
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INDUSTRY NEWS
NZ First Home Buyers hit record market share
Despite tough market conditions and rapidly rising house prices, first home buyers in New Zealand have hit record high market share.
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INDUSTRY NEWS
Home stretch: 1 in 3 Aussies would move if they could work from anywhere
As millions of Australian workers stretch into their fourth month of working-from-home, many have relocation on their minds, according to new research by Finder. A nationally representative survey of 678 Australian workers revealed that 33 per cent – or 4.3 million adults – would move homes if their employer announced that workers no longer needed to be onsite. Sarah Megginson, home…
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NEWS
Is the home and business lending surge about to slow down?
Finance broker Savvy has analysed the latest ABS lending indicators to uncover whether the increase in new loan commitments has peaked yet.
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INDUSTRY NEWS
More Australian homes selling than coming on the market
Dwelling sales continue to surge across Australia against low listings levels, according to new CoreLogic data. In the three months to July, CoreLogic estimated there were around 171,100 dwelling sales in Australia. This is 53.4 per cent higher than what has typically been seen this time of year for the previous five years. In the same period, there were just…
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NEWS
Home loan commitments hit record high
Owner-occupiers are fuelling a record high level of new loan commitments for housing.
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Elite Agent
The home renovation equation: A personal finance expert explains
Home renovation has long been something of a national sport for many Australians, but community demand for home fix-ups has reached fever pitch since the pandemic.
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NEWS
New research reveals first home buyers need six-figure deposit to enter market
According to new research, prospective homeowners in Australia now need a six-figure deposit to purchase a property.
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NEWS
HomeBuilder is working for now, but a second cliff is up ahead
A 15.4 per cent leap in the number of dwelling approvals and a 25.3 per cent rise in the value of housing construction loans during September shows the effectiveness of the HomeBuilder program.
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NEWS
Dwelling approvals and construction loan commitments surge
The number of dwellings approved rose 15.4 per cent, according to ABS data released today.
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NEWS
Over 96% of First Home Loan Deposit places have already been filled
The First Home Loan Deposit scheme allows buyers to purchase a property with just a five per cent deposit and without buying mortgage insurance, but the party is coming to an end.
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Elite Agent
First home buyer loans hit 11-year high
"The short-term stimulus from HomeBuilder is emerging in the housing finance data released by the ABS today."
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Elite Agent
Record number of home loans refinanced in May
Both the total number and total value of refinanced home loans hit a new high in May. Finder analysis of recent ABS data reveals 33,712 Aussies refinanced their home loan in May, to the tune of $15.1 billion. These figures were up $12 billion from April – the previous record. Almost two third (64 per cent) of May’s refinanced loans…
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NEWS
New home loan data may suggest a slight recovery
Data released last Thursday by the ABS showed the value of new loan commitments across Australia fell by 11.6 per cent over May, representing the largest single monthly drop on record. Despite the May figure sitting $2 billion below the average lending level of the past decade, CoreLogic’s data suggests June results may indicate a recovery.As Eliza Owen, Head of…
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NEWS
New home loans slump to lowest number on record in May
As expected, new home loans have fallen sharply in response to the COVID-19 crisis, with the latest Australian Bureau of Statistics figures indicating the value of new loan commitments for housing dropped 11.6 per cent in May. Noting this was the largest fall in the history of the series, ABS Chief Economist Bruce Hockman, said…
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NEWS
New home lending takes a dive in pandemic
Home lending has plunged in the wake of COVID-19, with the value of home loans falling dramatically in April – and the worst could be yet to come. The Australian Bureau of Statistics lending indicator data released this week shows new lending dropped by $935.5 million (or 4.80 per cent) compared to March 2020, according to the seasonally adjusted data.…
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