Banks Switch To Positive Forecasts
Westpac is the latest bank to soften its house price decline forecast amid a resilient real estate market through the pandemic period. In April it had predicted 10%-plus falls in [...]
Property Investors Remain Upbeat
Most property investors have remained upbeat during the pandemic – but the situation has made them reconsider not only where they buy, but also where they live. The 2020 PIPA [...]
Loans Rise To Pre-COVID Levels
ABS data shows a $1.2 billion surge in owner- occupier purchases between June and July, with six out of ten Australians believing now is a good time to buy property. [...]
Prices Up In Sept In Most Locations
House prices rose in most locations across Australia in September, with Sydney and Melbourne the exceptions, according to new data from CoreLogic. Six of the eight capital cities recorded increases [...]
Pandemic Creates Renovation Rush
Home-owners have been making the most of Covid-19 restrictions by renovating their homes, according to Suncorp, with the average makeover costing $63,188. The renovations cover a range of projects, including [...]
Easier Lending To Improve Credit Flow
Banks will soon be able to rely on income and expenses information provided by borrowers, under the Federal Government’s changes to responsible lending guidelines. The move will speed up the [...]
Buyer Demand Rises In Cities: Domain
Houses and apartments in the outer suburban areas of Sydney, Melbourne, Brisbane and Perth were in the highest demand in those cities for the month up to September 6, according [...]
Houses Outperform Units On Growth
Houses have gained an average of 5.5% each year compared with 3.1% for units since the time of purchase, shows a new survey by consultancy firm Suburbtrends. An analysis of [...]
House Prices To Rise 15%: Westpac
Nationally, house prices are expected to rise by 15% by 2023, say Westpac economists. In a new report Westpac says any deterioration in Australia’s housing market has been milder than [...]
Property Investors Remain Optimistic
Property investors remain positive about the future, though many are now looking at different locations for investment as well as moving to a new region to live, according to the [...]
