Record-breaking: 33,000 Aussies refinanced their loans in May
Refinance records are toppling as mortgage holders seek out better deals to ease the household budget in the wake of COVID. The latest ABS figures show 33,712 owners refinanced a record $15 billion worth of mortgages in the month of May, around a quarter higher than April and around 50% above normal levels, reports Business Insider. Finder […]
Ka-ching: 95% of Brissie houses sell for a profit
That compares favourably to the national average of 90% and places Brisbane in a respectable fourth position nationally, behind Hobart, Melbourne and Canberra. All eyes are eagerly awaiting the second quarter data which will show the COVID impact on property resales, reports Property Update. There was a 32.4% decline in property sales in April 2020, […]
Market Update: Interest rates to dip further? LMI for just $1 and the Brissie property market gets a gold star!
This is all despite the RBA holding firm on the cash rate target in their July meeting where they made the call to maintain it at 0.25% With so many first home buyers in the market LMI has been a hot topic this month. St George Bank has made a competitive move by offering up […]
#4 Tips to protect yourself against COVID property scammers
The national authority has received over 3300 scam reports mentioning the coronavirus with over $1.6 million in reported losses since the outbreak of COVID-19. Common scams include phishing for personal information, online shopping, and superannuation scams – and some states are also warning renters to be on guard for fake real estate agents pocketing deposits […]
Millennials pounce as investors watch from the sidelines
Spurred on by record low interest rates and the government’s First Home Loan Deposit Scheme (FHLDS), first timers are out in abundance. And their toughest competitors – investors – are few and far between, with many choosing to monitor the market rather than dive in while economic conditions remain uncertain. “We can see that first-home […]
Market Update: Prime time for buyers
After a time of uncertainty we are now seeing buyers back in force, plus, for the first time in a generation it’s cheaper to buy than rent. Brisbane is one of the only capital cities with abundant housing stock available for under $500,000 (around 45 per cent) making us a haven for first home buyers. […]
These #2 government schemes could save you thousands on your home
That’s the motivation behind two very different schemes that could save you thousands on your home – whether you’re a first-time buyer, a renovator or home builder. Let’s start with the simpler of the two: the First Home Loan Deposit Scheme. This allows eligible first time buyers to purchase a home with as little as […]
#6 out of #10 Aussies say the time to buy is now
Some 59 per cent – roughly 6 out of 10 Aussies – think now is a good time to buy property. This compares to just 42 per cent in Finder’s April research, reports 9news.com.au. Generation Z are the most optimistic generation, while more men than women think now is a good time to buy. Finder […]
Breaking news: home loan rates have dropped below 2%
Tasmanian-based Bank of us has introduced special offer interest rates of just 1.99% on its one-year, two-year and three-year fixed home loans for owner occupiers. What’s the catch? The offer is open for a limited time to new customers who are Tasmanian residents. Doh. But if you’re a Brissie buyer, the good news is that […]
#2 Tips to get a big tax boost from your property this year
Make sure you don’t miss out on these two tips to get your property working for you this tax return. Working from home expenses For the first time ever a whole army of Aussie workers have been doing their jobs from home as part of Australia’s pandemic response. Aside from the joy of wearing ugg […]
