Search Results for: first-home buyers
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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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OPINION
Nerida Conisbee: solving Australia’s rental spiral
We need more rental properties. The problem is that the group that funds most of them isn’t too keen on supplying more right now.
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INDUSTRY NEWS
$100,000 St Kilda garage attracts first-home buyers
A St Kilda garage listed for $100,000, that has the potential to be converted into a small apartment has been attracting a lot of attention from potential first-home buyers keen to get into the exclusive Melbourne suburb.
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INDUSTRY NEWS
The Adelaide hotspots to watch in 2023
Despite a slight downturn in prices, the Adelaide market remains one of the country's strongest performers, according to property expert and Hotspotting Director Terry Ryder.
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INDUSTRY NEWS
New South Wales the “poster child for failing housing markets”
A new report has found that the country's housing markets are in crisis, with New South Wales deemed the “poster child for failing housing markets”.
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INDUSTRY NEWS
Latest lending figures could be bad news for the rental market
A property expert says a decline in new investor lending could be a sign that the rental crisis is set to get worse following the release of the latest ABS lending data.
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INDUSTRY NEWS
Young buyers consider teaming up for first purchase
New research from NAB has found that 40 per cent of young Australians would consider buying property with someone other than a romantic partner as a way to get their foot on the property ladder.
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INDUSTRY NEWS
Property price declines losing pace, Domain says
Property prices declined at a slower rate during the December quarter according to Domain, in a sign that the current downturn may be losing momentum.
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OPINION
5 types of copy every property listing needs in 2023
Buyers have their pick of some 11,500 properties listed every week in Australia, so marketing matters if you want your listing to stand out from the crowd.
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INDUSTRY NEWS
Perth vacancy rate at lowest level in four decades
Perth’s vacancy rate has dropped to its lowest level in 42 years, after falling to just 0.6 per cent in December.
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INDUSTRY NEWS
Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate figures from Finder show that more than 10 per cent of borrowers lied about details on their loan application.
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FRANCHISE NEWS
Popular Perth agent joins RE/MAX Extreme
Successful and sought-after real estate agent, Deirdre McTiernan, is the most recent key appointment to the RE/MAX Extreme team.
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INDUSTRY NEWS
When should NSW first-home buyers consider stamp duty over property tax?
It would take more than a decade for first-home buyers in NSW to be better off opting for stamp duty over the state's new property tax, though the scheme does risk inflating prices for properties under $1.5 million, Domain's Chief of Research and Economics says.
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INDUSTRY NEWS
NSW Labor to shake up pets in rentals and stamp duty if elected
NSW Labor has hit the campaign trail hard, promising to extend first-home buyer stamp duty exemptions and make renting with pets easier if elected in March.
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INDUSTRY NEWS
Simon Pressley’s 2023 property market predictions
House prices will rise between two and seven per cent in the majority of capital city and regional locations in 2023, a leading property analyst has predicted.
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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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SUPPLIER NEWS
Most searched for suburbs, property features in 2022 revealed
The skyrocketing cost of borrowing is shaping up to be one of the biggest influences on the property market, but rising rates haven't stopped buyer demand in certain suburbs, according to a new report.
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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INDUSTRY NEWS
Property market was a rollercoaster in 2022
From a once-in-a-generation property boom to a clear downturn, Australia’s property market has been a rollercoaster in 2022.
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INDUSTRY NEWS
Cash rate hits highest point in a decade
The cash rate is now at its highest level since 2012, with the Reserve Bank of Australia (RBA) using its last monetary policy meeting of 2022 to lift the cash rate 25 basis points.
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