Mortgage Rates Fall Below 2%
Banks are offering special deals, including honeymoon interest rates below 2%, to win new business from home buyers, says Sally Tindall, director of research at RateCity. One lender is offering [...]
House Prices Defy Gloomy Predictions
CoreLogic’s latest Home Value Index shows that national median dwelling values declined by just 0.8% over the past three months. Hobart (1.0%), Adelaide (0.7%), Darwin (0.4%) and Canberra (0.7%) recorded [...]
Regional House Prices Surge Upwards
Property prices in regional Australia are surging upwards while the median dwelling value for the combined capital cities fell in the last three months, according to the Domain House Report [...]
JobKeeper Ext. will Benefit Property
The Property Investment Professionals of Australia (PIPA) and Master Builders Australia, both key players in the property and construction landscapes, have praised the Federal Government for extending the JobKeeper packages. [...]
Banks Cut Rates For New Customers
Banks are dropping their interest rates in fierce competition to win new customers. RateCity.com.au data shows that despite the Reserve Bank cash rate remaining at 0.25%, 19 lenders cut at [...]
Homebuyers Return to Repayments
Many home-owners who accessed mortgage holiday programs when Covid-19 struck have returned to making full repayments on their home loans. But, for those still struggling, the major banks have announced [...]
Outlook Brighter than Expected: Deloitte
Australia’s economy is in a stronger position than predicted despite the Covid-19 pandemic, says a report by Deloitte Access Economics. The report’s lead author Chris Richardson says the outcomes are [...]
Australia Keeps AAA Credit Rating
Australia is one of just 10 countries to retain its AAA credit rating through the coronavirus-induced global recession based on Moody’s Investors Service most recent assessment. Moody’s says that Australia’s [...]
Consumers Less Anxious Over Virus
Consumers are less anxious about the future as a result of the government’s pandemic response, an easing of restrictions and lower cost of living, NAB’S quarterly Anxiety Index has found. [...]
Vacancy Rates Fall In May
The national residential vacancy rate fell from 2.6% in April to 2.5% in May, shows data from SQM Research. Adelaide and Hobart each had a vacancy rate of 1.2% in [...]
