Search Results for: first-home buyers
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INDUSTRY NEWS
New Zealand property market trends to watch in 2022
For the New Zealand real estate market, 2021 has been the year the government stepped in and regulatory pressures increased in an effort to curtail rapidly rising property prices. Across the country the 12-month change in median values recorded jumps of between 6.7 per cent in Sunshine Bay, and a whopping 47.7 per cent in Woodville. The figures, released in…
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INDUSTRY NEWS
First Home Loan Deposit Scheme issues more than 4600 new guarantees
Aspiring first home buyers are being urged to secure their place in the First Home Loan Deposit Scheme (FHLDS) before Christmas, with the release of more than 4600 new guarantees.
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INDUSTRY NEWS
Canstar report reveals some Aussies expect property prices to ‘skyrocket’
Despite property prices soaring more than 20 per cent this year, 18 per cent of Australians expect prices to “skyrocket” further at some point in the next two years, according to new research. Canstar’s fifth annual Consumer Pulse Report also showed 44 per cent of Aussies expect house prices to continue to grow at a steady pace, while 12 per…
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INDUSTRY NEWS
Australian families spend 36 per cent of their income on their mortgage
Housing affordability continued its decline in the September quarter with hard-hit first-home buyers pulling out of the market, the latest Real Estate Institute of Australia (REIA) analysis shows. The REIA’s Housing Affordability Report found 36.2 per cent of owner-occupiers’ income went to paying their mortgage, which is a 3.9 percentage point rise over the past year. The national median weekly…
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INDUSTRY NEWS
Hot property market cools as gap between buyers and sellers narrows
Price growth in Australia’s scorching property market has peaked and the first signs of a shift from an extreme sellers’ market to one that is more balanced have appeared, new data shows. The latest PropTrack Housing Market Indicators Report shows that while there are still a throng of active buyers in the market, for the first time since the pandemic…
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INDUSTRY NEWS
Investors back in the market but owner-occupier lending falls
New investor loan commitments rose for the 12th consecutive month in October, while lending to owner-occupiers dropped by more than $800 million, according to new data.
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INDUSTRY NEWS
How COVID-19 changed the way Victorians work, live, and play
Times have well and truly changed, and as a result, so have the wants and needs of Australians – including how and where they want to live. The pandemic has changed our collective priorities, and that’s reflected in PwC’s latest CityPulse 2021, which examines the liveability of Victorian suburbs. PwC Australia Melbourne Managing Partner Peter Konidaris said CityPulse 2021 unearthed…
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INDUSTRY NEWS
COVID-19 drives ‘regional renaissance’ as house prices surge
The regional property market continues to skyrocket, with house prices jumping almost 30 per cent in the year to September, the fastest annual pace in 35 years. The rapid rise in the regional market is outpacing growth in metro areas, as the ripple effect of COVID-19 sees homeowners flee the city, thanks to increasing work-from-home arrangements. The findings were revealed…
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Real Estate News
PropTrack data shows just how hot the market is right now
REA's PropTrack has released its market outlook for November, noting listing volumes increased across the country throughout October while property prices also continued to rise.
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INDUSTRY NEWS
More than half of first home buyers are going solo
First home buyers in New South Wales are seeking a home not an investment, with more than half going it alone, according to new data. The latest InfoTrack Property Market Update revealed in the year to October’s end, 84 per cent of NSW first home buyers purchased either a house (47 per cent) or a strata property (37 per cent)…
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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
Housing affordability declines as investors flock to COVID-free states
New loan commitments for housing have fallen, particularly in COVID-ravaged states, as housing affordability continues to decline.
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INDUSTRY NEWS
New Zealand’s hot property market starting to slow down
New Zealand’s property market may see a mini bounce back in the final two months of 2021, but conditions for a sustained upswing are unlikely to materialise, according to an industry data provider.
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INDUSTRY NEWS
Residential land in high demand across Australia
Vacant land is one of the hottest commodities in residential real estate at the moment with some blocks increasing in value 45 per cent in just five months.
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INDUSTRY NEWS
Property prices hit records across the country but the market is cooling
Australia’s median house price is fast approaching $1 million with the fastest rate of annual growth on record hitting 21.9 per cent, according to the latest data.
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INDUSTRY NEWS
Sydneysiders take the longest to save a house deposit
Sydney continues to be Australia’s least affordable property market, with new data suggesting it takes up to 18 years to save a deposit in many blue-chip locations.
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INDUSTRY NEWS
Victorian Government launches $500 million fund to help residents buy a home
The Victorian Government has launched a $500 million shared equity fund to help Victorians buy their own home.
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INDUSTRY NEWS
Value of Australian housing market surpasses $9.1 trillion
The value of the Australian housing market has increased more than $1 trillion in the past five months, hitting a new record of more than $9.1 trillion in September.
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FRANCHISE NEWS
Melbourne agent doubles GCI in 12 months during lockdown
Last year, Daniel Di Battista launched his business in Melbourne, the most locked down city in the world and 12 months later has doubled his GCI in his first year with UrbanX, completely exceeding his expectations.
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Real Estate News
APRA steps in to curb mortgage debt with increased interest rate buffer
The Australian Prudential Regulatory Authority (APRA) has stepped in to curb household mortgage debt, announcing stricter lending conditions.
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INDUSTRY NEWS
Industry leaders analyse what RBA decision means for real estate market
The Reserve Bank of Australia (RBA) has maintained its record low cash rate at 0.1 per cent, with real estate industry leaders predicting Australia’s hot housing market will start to even out a little in the coming months.
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NEW ZEALAND
New Zealand implements new rules to prevent investor deductions
New Zealand has continued its efforts to lower the skyrocketing housing market with new rules that will impact property investors. The new rule will prevent property investors in New Zealand from deducting mortgage interest from their taxable income and takes effect from 1 October, according to Reuters. Finance Minister Grant Robertson explained the change is part of a series of…
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INDUSTRY NEWS
Real estate industry leaders weigh in on stamp duty reform
Industry leaders have provided official submissions on behalf of the real estate sector, discussing stamp duty changes and housing affordability.
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INDUSTRY NEWS
Real estate is one of the top digital search trends in Australia
Real estate has become one of the most widely searched topics across Australia, according to newly released Nielsen data.
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INDUSTRY NEWS
18 – 29 year olds account for more than one-third of all first home buyers
Millennials and Generation-Z hold a significant proportion of the first home buyer market, despite rising property prices.
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FEATURE INTERVIEWS
Rohullah Paykari kicks off new agency on the right foot
former champion kickboxer, Rohullah Paykari is no stranger to a tough fight. While opening his agency in the middle of a global pandemic presented just that, the LJ Hooker Dandenong director has shown discipline and commitment can defeat any opposition
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Real Estate News
How millennials’ digital habits and home ownership trends have impacted the Australian property market
Millennials are a digitally savvy generation, going online to shop, socialise and work. So it is little surprise they would seek out digital alternatives in real estate, too.
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INDUSTRY NEWS
House prices have soared by almost 20 per cent
House prices have inflated by a whopping 18.4 per cent over the year to June, according to the Real Estate Institute of Australia (REIA).
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FEATURE INTERVIEWS
How Tom Wiggins is reaching his full potential in Canberra
Tom Wiggins is a man on a mission. From heading to the gym every morning to crafting his 10-year plan, the HIVE Property Canberra sales associate knows exactly where he’s heading and how to get there. Here, he explains the milestone he’ll reach in 2022 and how a special role model is helping him achieve success.
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NEW ZEALAND
Housing affordability continues to rapidly decline in New Zealand
Record house price growth across NZ has led to rapidly declining affordability with little sign of easing, despite rising mortgage rates.
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INDUSTRY NEWS
How first home buyers can get the upper hand as investors return to the market
As investors re-enter the market, one expert believes there could be a silver-lining for first home buyers.
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INDUSTRY NEWS
First-home buyers flee as property prices continue to surge
First home buyer numbers have plummeted over July as the housing affordability crisis continues, according to REIA president Adrian Kelly
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Real Estate 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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Real Estate News
20-year analysis shows housing affordability continues to decline but rental affordability stable
The Real Estate Institute of Australia (REIA) has crunched the numbers and found housing affordability has been on the decline for the past two decades.
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FEATURE INTERVIEWS
Century 21 Living Local principal Gary De Paoli has found his true calling
Sales is in Gary De Paoli’s blood. While many proponents say sales can be taught, for Gary, it’s something that has always come fairly naturally to him. Over the years, he’s sold spring water and garage doors, but it’s his time as a real estate agent that is closest to his heart. Gary joined the industry in 2005, and the…
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