Search Results for: first-home buyers
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INDUSTRY NEWS
Still affordable opportunities for investors, as prices rise
Despite property prices rising substantially since 2020, there are still opportunities for investors to find good quality locations that are affordable.
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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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INDUSTRY NEWS
“Buyers are back”, as higher prices boost confidence
The likelihood that rate hikes have ended and rising prices, has seen buyers return to the market according to a new report.
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INDUSTRY NEWS
Housing affordability hits the worst level in three decades
The great Australian dream of home ownership is becoming a nightmare for many families, with new data showing that median-income earners can afford just 13 per cent of homes across the country.
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INDUSTRY NEWS
QLD and WA suburbs continue to outperform
The property market across the country continues to look increasingly positive, with an expert tipping more growth is still ahead for many areas.
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INDUSTRY NEWS
It costs $75,000 less to build a new home closer to Sydney CBD
Housing built closer to the Sydney CBD could end up saving $75,000 in infrastructure-related costs per home according to new research.
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INDUSTRY NEWS
40,000 low-income earners able to access the government’s shared equity scheme
Up to 40,000 low-income earners will get additional government help to purchase a home under the new Help to Buy scheme.
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INDUSTRY NEWS
First home buyers saving deposits faster
First home buyers are saving almost $200 more per month than they were last year but it still takes more than eight years to gather enough for a deposit.
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INDUSTRY NEWS
Trend towards lifestyle locations set to continue
Queensland and Western Australia are set to be the big winners as people continue to flee the big cities and seek out affordable lifestyle locations.
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INDUSTRY NEWS
RBA issues a reprieve and holds interest rates
Borrowers are breathing a sigh of relief today after the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 4.1 per cent.
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INDUSTRY NEWS
NZ home sales record first annual increase in two years
After being battered by one of the sharpest tightening cycles in the world, there are signs that the New Zealand market might be starting to turn the corner.
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INDUSTRY NEWS
Bank of Mum and Dad prepared to give kids $33,000 to buy a home
The bank of Mum and Dad has long been the way many first-home buyers get into the market and a new report has found that parents are prepared to give their kids $33,000 to get them into a property of their own.
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OPINION
Winning auctions starts here: discover the key to setting the perfect reserve price
Setting the reserve price is one of the most difficult decisions your vendors will make during their auction campaign, so it’s crucial you take an approach that’s equal parts considered, empathetic and, most importantly, effective.
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INDUSTRY NEWS
First home buyers look to beat land tax deadline
First home buyers trying to avoid the new NSW Government’s reintroduction of stamp duty could risk paying too much for a home, according to a leading auctioneer.
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INDUSTRY NEWS
New study finds low interest rates lock first home buyers out of property market
Long periods of low interest rates are responsible for locking many first home buyers out of the property market, new research shows.
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INDUSTRY NEWS
Australia’s housing crisis: unmasking the real culprits and solutions
The housing crisis is the hot topic on everyone's lips, and with last week's Federal Budget, and the release of the third and final whitepaper from LongView and PEXA examining the conundrum released this week, it's not going anywhere fast.
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OPINION
First home buyers dip their toe back in the market
It isn’t a bad time to be a first home buyer at the moment.
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INDUSTRY NEWS
Federal Budget doesn’t do enough to address long-term housing shortage
Real estate and housing industry experts have said the Federal Budget looks good on the surface but lacks the depth to address the nation’s long-term housing shortage.
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INDUSTRY NEWS
Are renters being forgotten with the focus on mortgage holders?
Despite the ongoing attention on mortgage holders getting hit with higher interest rates, renters are actually the ones that are far worse off according to new research.
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INDUSTRY NEWS
First-home buyers lead the way as new loan commitments rise
New loan commitments for housing have risen for the first time since early 2022, climbing 4.9 per cent in March, including a substantial 15.8 per cent increase in new owner-occupier first-home buyer loan commitments.
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INDUSTRY NEWS
Perth house prices continue to rise, units stable
Perth’s house market is on the rise, while the city’s unit market has remained stable, according to the latest figures.
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INDUSTRY NEWS
Interest rates rise for the 11th time in this cycle
The Reserve Bank of Australia has increased interest rates for the 11th time in 12 months, lifting the cash rate 25 basis points to 3.85 per cent.
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INDUSTRY NEWS
Buyers increasingly focused on lifestyle and location: HTW
While interest rates and affordability have dominated the headlines, most home buyers are increasingly focused on access to transport, lifestyle and community when making their purchase decision according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Two-speed demand splits rental market
A two-tiered rental market is appearing, with demand for rentals in capital cities soaring while in regional areas it is falling dramatically.
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INDUSTRY NEWS
Refinancing hits a record high as borrowers try to combat rising rates
Rising interest rates are pushing increasing numbers of borrowers to refinance in search of lower interest rates, while new loans have continued to decline according to new data.
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INDUSTRY NEWS
One-in-five new buyers want an inner city home but can’t afford it
New home buyers in Victoria want to be living in established areas, but a lack of suitable options is making that impossible according to a new report.
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WEIRD AND WONDERFUL
Mansion with its own $300,000 gym hits the market
Fitness enthusiasts tired of overcrowded gyms might want to take a look at this exclusive mansion that comes with its own commercial-sized gym - fitted out with $300,000 worth of equipment.
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INDUSTRY NEWS
New Zealand home sales hit lowest level in 40 years
Home sales across New Zealand have plummeted to the lowest level since the GFC, as the sharp increase in interest rates has put the brakes on homebuyers.
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INDUSTRY NEWS
Deposit scheme allows Aussies to fast-track property ownership
An innovative deposit scheme is giving buyers along the East Coast of Australia the opportunity to buy off-the-plan homes sooner than if they had to save a full, lump sum deposit.
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INDUSTRY NEWS
New NSW Government must address housing crisis
New South Wales may have a new premier in Chris Minns, but the state is still afflicted by the same widespread housing crisis, with leading property bodies calling for change.
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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
SVB collapse could be good for Aussie home owners
The collapse of Silicon Valley Bank in the US could spell good news for Australian mortgage holders, with one expert saying the RBA could pause interest rates as a result.
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INDUSTRY NEWS
APRA chooses not to loosen borrowing restrictions
The Australian Prudential Regulation Authority has declined to loosen its current serviceability buffer for new home loans despite from the banks to do so.
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INDUSTRY NEWS
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
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INDUSTRY NEWS
HTW property predictions: Second half of 2023 to bring stability
Rapid interest rate increases have eroded the optimism surrounding residential property, but a slowdown in rate rises in the second half of the year is expected to bring increased stability to the market, Herron Todd White says.
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