Home loan demand on the rise

Home loan demand on the rise

Tweet In a positive sign for the property market, recent data has shown that home loan demand has gone up following two months of declines. According to the Australian Bureau of Statistics’ (ABS) housing finance data for October, 52,654 home loans were approved throughout the month. This is an increase of 2.2 per cent on the previous month. The ABS data also revealed that a total of $30 billion of dwelling commitments were made, which was up 2.6 per cent on September. Breaking this figure down, there was an increase of 3.5 per cent for...

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Many first-time buyers are choosing to invest

Many first-time buyers are choosing to invest

Tweet New research has revealed that one third of first home buyers are choosing to buy an investment property as their first property purchase. According to the 2018 Property Investment Professionals of Australia (PIPA) Investor Sentiment Survey, 36 per cent of first home buyers are choosing to “rentvest” (buy an investment property while continuing to rent) rather than buying a home to move into. PIPA chairman Peter Koulizos noted that the popularity of rentvesting looks to be here to stay as demonstrated by the 63 per cent of survey...

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Domain predicts property market could stabilise in 2019

Domain predicts property market could stabilise in 2019

Tweet After a year of significant property price falls across the country we could see the market start to stabilise as early as next year before moving into a new growth phase, according to new research from Domain Group. Domain’s Property Price Forecast report looked at the likely scenario of capital city prices over the next two years. It factored in population growth, interest rates, bank lending, unemployment rates and market sentiment. Based on this information it’s predicted that house prices in Sydney and Melbourne will continue to...

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Quarter of Aussies leave their front door unlocked

Quarter of Aussies leave their front door unlocked

Tweet Do you leave your front door unlocked? New research from finder.com.au has found that of the 9.9 million front doors across the country, nearly a quarter (23 per cent) of them are left unlocked. The comparison website surveyed 2,013 Australians and found that fewer than one in three households (30 per cent) use deadbolts on the front door and just over half (53 per cent) have locks installed on their windows. While the majority of the time it is probably harmless to leave a door or window unlocked, home security is important and as Kate...

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Aussies think it’s a great time to buy property

Aussies think it’s a great time to buy property

Tweet Most Australians think it’s a great time to get into the property market, despite also thinking that house prices will fall further, according to Westpac’s monthly consumer sentiment survey. The survey showed an 11.8 per cent surge in respondents thinking now is the right time to buy a property — this is 17 per cent higher than just a year ago. It seems to be property buyers in NSW who are most keen to get into the market, with the state’s ‘time to buy a dwelling’ index surging 26 per cent to a five-year...

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Why your credit score might have changed recently

Why your credit score might have changed recently

Tweet There’s a good chance that many Australians would have seen their credit scores go up recently thanks to a national change to credit reporting that happened on July 1. This change, known as Comprehensive Credit Reporting (CCR), means that lenders are now required to share a customer’s full credit history with each other, both positive and negative, so they can see a clearer picture of your financial past. Previously, lenders only needed to share negative information such as defaults and overdue payments etc., but now positive...

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