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When it comes to finance, we believe knowledge is power! Our aim is to provide you with the most up-to-date news and information to help you make decisions about your own financial journey. Sometimes you just don't know what you don't know, so these articles can also provide a great starting point for you to start formulating the questions you need to ask us.
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Property market keeps growing despite high interest rates
A new report from CoreLogic has found that median property prices increased in 82.4% of local markets in the three months to October, based on a sample of 4,506 suburbs across Australia. That included price increases in 83.1% of house markets and 80.6% of unit markets. Focusing just on house markets, prices increased in: CoreLogic's […]
The share of fixed-rate loans continues to fall
The great transition of the mortgage market, from having a heavy share of fixed-rate loans to now being dominated by variable-rate loans, has gathered pace, according to Reserve Bank data. During 2020 and 2021, when interest rates fell to record-low levels, enormous numbers of borrowers took out two-year and three-year fixed loans at very low […]
Borrowing increases as property market heats up
There's been a big rise in home loans activity over the course of the year, with investors leading the way. Between February and September, the total volume of mortgage commitments rose 9.5% to $25.0 billion, according to the latest data from the Australian Bureau of Statistics. Owner-occupied borrowing climbed 6.1% to $16.1 billion, while investor […]
Unit prices and rents heading north
Things are looking up for owners of units, whether owner-occupiers or investors. After the national median unit price fell for 10 consecutive months, it increased in both March (0.6%) and April (0.7%), according to CoreLogic. CoreLogic economist Kaytlin Ezzy said this could signify “the start of a slow recovery phase, with inflation seemingly moving past […]