Can a rate rise help you get a better home loan?
So how do you keep your home loan repayments manageable in a rising rate environment? Shop around. Banks and non-bank lenders fight over customers like seagulls on a chip in Australia’s highly competitive home loan market. “While rising rates have meant some borrowers have seen an increase in their repayments, rate rises have also triggered […]
Is Brissie’s love affair with renovators cooling off?
The prospect of rising building costs and the challenges of securing tradies could be tipping buyers away from doer-uppers and towards move-in-ready homes. “We are starting to see a shift in the demand for some property types across Brisbane,” reports Smart Property Investment. “For example, properties that need a lot of renovation or improvement work […]
Market Update: RBA hands down biggest rate hike in 22 years
Forecasts are that the cash rate could hit 2.5 per cent by mid to late 2023. If this happens, a borrower with a $500,000 loan balance could see their monthly repayments rise by $652 a month in this time. In announcing the decision, Reserve Bank governor Philip Lowe said the rise was in response to […]
Rental stress fallout: share house auditions just got tougher
The struggle for tenants is real and with vacancy rates likely to remain tight throughout the year, share house sites are seeing a huge increase in demand, reports realestate.com.au. Flatmates.com.au saw demand for single rooms in the greater Brisbane area increase by 234 per cent – that’s more than double – from April 2020 to […]
Can you make a bigger profit selling your home in winter?
And it could also be a great time to sell. Spring is traditionally known as the season when flowers and home sales bloom. But in a hot property market like Brisbane a little bit of cold weather isn’t enough to dampen prices. As always, it comes down to supply and demand, reports Domain. “Many home […]
#3 Ways to test if your suburb is making you sick or healthy
But what about health factors? New research shows that where we live can make us sick, reports realestate.com.au. Suburbs without good bike paths and walkways and a smorgasbord of fast food conveniences are going to be worse for your health than ones designed around outdoor activity. A good way to test your neighbourhood is to […]
How rising interest rates could help first time buyers
But property economics are a funny thing and rising rates can bring potential buyers some advantages. “While prospective buyers could see a reduction in their borrowing capacity as a result of interest rate increases, rising rates could also trigger a decline in property prices, which may help first-home buyers enter the property market sooner,” reports Domain. Is that true? […]
#7 Suburbs tipped for investor success
So you should. Brisbane is tipped to lead the nation in capital growth in the near term. But as most Brissie locals know, Brisbane is not one property market. There are some big divides that separate lifestyle and budget. Buyers will want to weigh up options north or south of the river, or inner, middle […]
Are Brissie apartments set to boom?
Will the growth continue? There are signs that further price growth will come, reports urban.com.au. In April, values rose 1.4 per cent taking growth to 6 per cent in 2022, already close to matching the 14.4 per cent growth over 2021, according to data from the CoreLogic Monthly Hedonic Home Value Index. But won’t interest […]
#5 Entry level suburbs that should be on your radar
But where in Brisbane should you look to buy if you want your property value to outperform the average? There are #5 entry level suburbs worth a close look, according to Property Update. And they’re all on the north side. Amongst the top picks is Chermside West, which for some years now has continued to […]
