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NEWS
23/03/2017
BUYING your forever home is one of life’s most exciting and emotional milestones. But it is also going to be your biggest commitment. And in a competitive property market, the emotions of home buying can be amplified, making it even easier for first home hopefuls to make mistakes that could cost thousands. These are the five most common buying fails property punters make, according Darren Piper, director of Universal Buyers Agents, and how to avoid them. FALLING IN LOVE Getting […]
23/03/2017
The wallet-burning cost of living in Australia’s largest cities has been highlighted again, with Sydney and Melbourne ranked among the most expensive in the world. Both cities jumped six places in the Economist Intelligence Unit’s latest worldwide cost of living survey, which gauges the relative costs of living across 133 cities. Sydney’s jump to 14th position and Melbourne’s rise to 15th was expected given the appreciation in the Australian dollar in the last year or so, the survey’s editor Job […]
22/03/2017
COMMBANK and ANZ customers should brace for interest rate hikes of more than 20 basis points for investor loans and up to 10 basis points for owner-occupiers. NAB and Westpac began raising interest rates out-of-cycle with the Reserve Bank last week, and experts say the remaining two of the big four banks are likely to follow suit shortly. Despite the official cash rate remaining on hold at its historic low of 1.5 per cent, the banks have begun hiking rates […]
22/03/2017
Speculation about a housing bubble is likely to heat up even further, with Sydney and Melbourne property prices up 5.2 per cent and 5.3 per cent respectively over the three months to December, official data released on Tuesday shows. Brisbane real estate prices rose 2.2 per cent, and in Perth they were up 0.3 per cent, according to Australian Bureau of Statistics data recorded for the last quarter of 2016. Across all the capital cities, growth was up 4.1 per […]
21/03/2017
It looks like tighter restrictions on Australian property investors may be on the way with the head of Australia’s banking regulator, APRA, telling markets to “watch this space”. Speaking at a regulatory conference in Sydney on Monday, Wayne Byres, chairman of APRA, said that a combination of high and rapidly rising property prices in major cities, record household debt, slow wages growth and strong competitive pressures among lenders was creating an “environment of heightened risk”, according to Bloomberg. “That’s a […]