Home hunters have considerably more stock to choose from than earlier in the year, putting buyers in a stronger negotiating position. SQM Research has reported that the total number of listings across Australia in August was 7.9% higher than the month before and 11.1% higher than the year before, while the number of new listings…
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Spring is one of the busiest times in the Shire property market, and this year, competition among sellers is fiercer than ever. We’re already seeing a significant increase in the number of homes for sale compared to the same period last year. If you’re thinking of selling, this surge in supply means one thing: your…
Investor borrowing rises 35.4% Property investors committed to $11.71 billion of home loans in July 2024, which was the second-highest month on record, according to the Australian Bureau of Statistics. It was also 35.4% higher than in July 2023, showing the enormous growth in investor activity during that time. Here are five reasons why so…
One of the great things about constructing your own home is that it can be tailored to your specifications. If you’re interested in building rather than buying your dream home, here’s the process you need to follow: – Speak to your broker about your goals, so you can create a finance plan together– Buy the…
The latest home loans data from the Australian Bureau of Statistics has revealed these key trends. 1. Borrowing is rising strongly. The total value of home loan commitments in June reached $29.19 billion, which was 1.3% higher than the previous month and 19.1% higher than the previous year. 2. Investor activity is incredibly strong right…
When you apply for a mortgage, the lender uses a series of criteria to assess how likely you’d be to repay the loan. As part of this process, the lender also considers whether you’d be able to continue making your repayments if interest rates were to rise. Generally, lenders will apply a buffer of at…
According to economists and real estate experts, rents are expected to keep growing, but at a slower pace. Property investors have enjoyed a golden run over the past five years, during which the national median rent increased 39.7%. However, in July, rents increased just 0.1%, which was the slowest growth since 2020, according to CoreLogic.…
Record loan size increase With property prices at record levels, the size of the average mortgage has also hit new highs, making it more important than ever that you shop around for the right loan. Australia’s median property price reached a record $794,000 in June, up 8.0% year on year, according to CoreLogic. Meanwhile, the…
Our team were very proud to receive this prestigious award – 2024 Most Outstanding Real Estate Agency in the Sutherland Shire at the Local Business Awards. It is a true testament to our teams’ hard work, dedication and commitment to continuously providing the highest quality and unwavering service to our clients. Thank you to all…
Back in March 2020, at the start of the pandemic, 13.38% of new borrowers were choosing fixed-rate loans and 86.62% were choosing variable. But in March 2024, a staggering low of only 1.40% of new loans were fixed, compared to 98.60% variable, according to the Australian Bureau of Statistics. The reason so many borrowers are…