Search Results for: first-home buyers
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INDUSTRY NEWS
REIQ supports the Federal Government’s push for stamp duty reform
REIQ CEO Antonia Mercorella: "Stamp duty presents a considerable barrier to those wanting to buy their first home."
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INDUSTRY NEWS
Help on the way for first-home buyers
The Property Council of Australia is presenting policy ideas to the Government that will support homeownership for younger Australians while also boosting housing supply.
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INDUSTRY NEWS
Housing affordability reaches worst level on record
Housing affordability in Australia has deteriorated to its poorest level since records began, according to a new report.
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INDUSTRY NEWS
Affordable options still available for buyers with a small deposit
Despite rising property prices, there’s still hope out there from buyers with a deposit under $100,000.
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INDUSTRY NEWS
Buyers take the lead as listings surge
Buyers are back in the driver's seat with surging property listings across the country providing more opportunities and reduced competition.Â
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INDUSTRY NEWS
Markets predicting four rate cuts next year
Financial markets are pricing in four interest rate cuts in 2025, potentially bringing some relief to struggling Australian mortgage holders.
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INDUSTRY NEWS
First home buyers forced to adapt amid rising costs
First home buyers are increasingly purchasing properties alone or using government-backed schemes to enter the property market, as rising costs make it harder to buy.
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Real Estate News
Units are now outpacing houses in Australia’s property boom
In the past three months, an unexpected trend has emerged in Australia’s property market: apartment prices have surged ahead of house prices in nearly all capital cities, with the exception of Darwin and Canberra, where abundant housing supply has tempered growth.
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Real Estate News
Buyers’ optimism grows, but affordability challenges slow property searches
Prospective buyers feel positive about entering the property market, but once the house hunt starts, affordability challenges mean it takes longer to find a home than first desired.
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Real Estate News
RBA keeps interest rates on hold at 4.35 per cent
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent at its August 2024 meeting, but stressed that monetary policy will need to be “sufficiently restrictive” until it is confident inflation is moving sustainably towards the target 2-3 per cent range.
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Real Estate News
Most buyers and sellers rate their experience with agents positively
Three-quarters of buyers and sellers involved in a property transaction in the past year have rated their experience directly with real estate agents as either “excellent” or “above average” according to a new national survey.
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Real Estate News
Australian owner-occupier mortgage surges $154 a day
The average new owner-occupier mortgage in Australia has reached a record high of $636,597, marking an increase of $154 per day over the past year.Â
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INDUSTRY NEWS
A starter home in the US now costs $1 million
Australia isn’t the only country that’s witnessed a staggering rise in property prices over the past few years, with starter homes now costing US$1 million in the US.
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Real Estate News
REIQ wants 70 per cent home ownership by 2032
Three months out from the Queensland State Election, the Real Estate Institute of Queensland has called on the government to make the homeownership dream a reality for more Queenslanders.
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INDUSTRY NEWS
Homebuyers borrow more than ever but the market may be slowing down
The volume of new home loans fell last month, but when buyers do take on a mortgage they're borrowing more money than ever.
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Real Estate News
REIQ: Why the State Budget is a ‘mixed bag’
This week’s Queensland Budget delivers a “mixed bag” for housing and small business, despite the largely positive increase to the stamp duty threshold for first-home buyers, according to the state’s peak real estate body.
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Real Estate News
Nerida Conisbee: The uncomfortable truth about achieving housing affordability
There have been a lot of people, events and policies blamed for Australia's low level of housing affordability.
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INDUSTRY NEWS
Lending indicators show buyer numbers are rising
Despite high interest rates, the number of active buyers in the market is on the rise, according to the latest lending indicators.
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Movers and Shakers
New Armstrong Creek office marks McGrath’s regional expansion
McGrath Estate Agents has launched the new McGrath Armstrong Creek in regional Victoria, marking the group's expansion into the attractive lifestyle precinct.Â
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Real Estate News
NZ mortgage rates rise, first home grants scrapped
Given the scrapping of first home grants (deposit assistance) and the strong indication from the latest Monetary Policy Statement that mortgage rates are set to be "higher for longer", there’s bound to be a continued focus on the general property lending environment and, in particular, how easy or hard it is to access lower deposit finance.
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INDUSTRY NEWS
Bunbury property prices lead the charge in WA
Bunbury, Western Australia’s third-largest city, is the strongest regional market in the state with house prices up 5.9 per cent in three months.
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INDUSTRY NEWS
REIQ: Queensland Government needs to wean off stamp duty
The Queensland government coffers are swelling from excessive property taxes and it’s time they started to wean off them, according to the Real Estate Institute of Queensland (REIQ).
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Real Estate News
McGrath Townsville giving a little means a lot
Long time Townsville residents and business owners Kaye and Brad Matheson love nothing more than to give back to the community that has been so good to them.Â
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INDUSTRY NEWS
NZ FHB’s making the most of lower prices
New Zealand first-home buyers have capitalised on lower property prices and other incentives, making up more than one-quarter of property purchases.
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Real Estate News
Property prices hit new record, with more to come
Property prices have hit yet another record, with the combined capital city house and unit prices rising by up to 1 per cent in the March quarter.
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Real Estate News
WA and QLD are the nation’s affordability havens
Western Australia and Queensland have emerged as Australia’s affordability havens, with more than half of all the more economical regions across the country located in the two states.
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Movers and Shakers
Ray White launches in Concord and Five Dock
Locals Concord and Five Dock agents Christian Leung, Rick Pignetti, and Michael Carbone have moved over to Ray White as they hope to continue to grow their reach.
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INDUSTRY NEWS
REIQ launches new video series to empower consumers
The Real Estate Institute of Queensland (REIQ) has launched a new video series that aims to help consumers make educated and informed decisions about buying, selling, or renting property in Queensland.
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Movers and Shakers
Ashlee Jade heads up new Barry Plant agency in Doreen
Barry Plant North Eastern Group has expanded to Doreen-Mernda, with local Ashlee Jade set to take the reins.
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INDUSTRY NEWS
Millennials are the most active property investors in Australia
Millennials have emerged as the most active group of property investors in the country with new data showing they are also not afraid to go it alone to get onto the property ladder.
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Real Estate News
REIA launches action plan to tackle housing crisis and boost property management
The Real Estate Institute of Australia (REIA) has launched a Property Management Action Plan designed to simultaneously tackle the housing crisis and bolster property management as a profession.
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Real Estate News
The roaring regions: affordable havens for first-home buyers
Australia is now officially a “million-dollar country”, with a median capital city house price of $1.005 million, but there are still some council areas where first-home buyers have a shot at owning their own home.
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INDUSTRY NEWS
Calls to extend first home owner grant to established homes in WA
The Western Australian government needs to extend the First Home Owner Grant (FHOG) to established homes to help ease pressure on the construction industry and get more young people into their own property.
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CONTRIBUTORS
House prices have accelerated fast in 2024
It has been a strong start to 2024 for Australian housing markets, with house prices already up 2.2 per cent.
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INDUSTRY NEWS
Tiny Sunshine Coast cottage gets 104 bids at auction
A tiny Sunshine Coast cottage, that looks like your grandma’s house, received a staggering 104 bids at action during the week.
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