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Home lending rises again

Investors and first-home buyers continue to take out mortgages in growing numbers. Australians made $32.7 billion of mortgage commitments in April, according to the Australian Bureau of Statistics, an increase of 17.3% on the previous year. The owner-occupier share of those commitments rose 13.6% to $19.2 billion, while the investor share rose 22.9% to $13.5… [Read More]

Choosing and working with an agent

Choosing the right agent is crucial if you want to get the highest price for your property with the least amount of stress. Buyers have a choice – your home or someone else’s. Your agent should be skilled, selling the positives of your property and, when necessary, selling the negatives of properties that are listed… [Read More]

Avoiding Mould in Your Rental Property

The winter season brings with it condensation and mould growth problems in properties and once you’ve got it, it can be very hard to get rid of. It can occur in any type of home construction, including weatherboard, brick veneer, solid brick, masonry veneer and concrete. It can be a sign of more serious issues… [Read More]

Housing affordability improves

The Real Estate Institute of Australia (REIA) says housing affordability improved in the first quarter of 2015. The latest Adelaide Bank/REIA Housing Affordability Report shows that the proportion of median family income required to meet average loan repayments was 30.8%, a decrease of 0.7 percentage points from the previous quarter. Despite housing affordability easing, the… [Read More]

PM supports rising house prices

The Prime Minister said he wants housing to be affordable but also wants house prices to be increasing modestly. He said it was important to have a strong economy, that people have as many resources at their disposal as possible – such as jobs – and can afford to buy a home. The best way… [Read More]

Terry’s View

By Terry Ryder – In the cynical world of politics, the best way to do nothing while giving the appearance of action is to hold an inquiry. A parliamentary inquiry creates the impression that politicians are busily attending to important issues. In reality, they are creating delays and smokescreens on issues they have allocated… [Read More]

Owner occupiers still dominate home lending

From The Week in Real Estate – Despite concern about investor lending, new data shows that investor market share is 35% – which means owner occupiers continue to dominate with 65%. APRA figures show that total of residential loans to households was $1.3 trillion at the end of March. This is a 1.9% increase… [Read More]

Property now biggest industry says PCA

From The Week in Real Estate – The property sector now contributes more to Australian gross domestic product than mining and financial services, according to research by the Property Council of Australia. Property Council of Australia chief executive Ken Morrison said the industry now had the “the largest economic footprint in Australia” (although the… [Read More]

Parent’s help unhealthy for kids

From The Week in Real Estate – Most parents help their grown-up children to secure home loans and pay bills. Although 80% of parents admit to giving their children financial help, only 40% of adult children admit to receiving the assistance. Among the grown-up children, 53% said they received help because their parents offered;… [Read More]

Gen Ys buy rather than rent

From The Week in Real Estate – Gen Ys prefer to buy rather than rent. According to the 2015 Future Leaders Index, 78% of 18–29 year-olds are committed to home ownership, especially in Sydney where prices are rising. Gen Ys’ attitude is caused by several factors: 1 –  ‘I can make easy money’ –… [Read More]

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