News & Updates
Advice for Young First Home Buyers
Unsurprisingly, one of the biggest hurdles for young people getting a mortgage is affordability. Melisa Sloan, founder of Madison Sloan Lawyers and author of Big Moments said that high demand
New Properties for Sale Up 1.3% – PopTrack
New listings in the housing market have increased year-on-year despite a seasonal slowdown, according to the latest PropTrack Listings Report. Compared to the previous month, June 2024 saw new listing
Consumer Spending Up Over the Year
According to NAB’s transaction data, consumer spending has remained steady, with total spending on both goods and services flat. Despite this, discretionary spending saw a modest increase of 0.6% month-on-month,
ANZ Predicts Possible RBA Rate Hike in August
Despite speculation that the Reserve Bank of Australia (RBA) might raise the official cash rate at its August meeting, ANZ has forecasted that rates will remain unchanged until February 2025,
Consumers Fear Rate Hike Impact
An unexpected drop in confidence saw consumer expectations for variable mortgage rates jump 12.8 per cent in July. According to the Westpac-Melbourne Institute’s Mortgage Rate Expectations Index, this is “the
Bendigo Bank: RBA Cash Rate to Stay Unchanged All Year
Resolve Finance has announced that the 2024 financial year was a record year for the business, with loan volumes surpassing $1.74 billion. This represents a substantial 11% year-on-year increase for
Population Surge Intensifies Housing Shortages
Australia’s national shortage of dwellings has become more critical due to record population growth, according to Hotspotting. In 2023, the country’s population increased by 651,000, the highest in history, with
Australian Household Spending up Slightly
Household spending in Australia rose 0.1% over the past year, according to figures recently released by the Australian Bureau of Statistics (ABS). Spending on services increased by 2.3%, driven by
Rent Prices Rise in June Quarter – PropTrack
The median weekly rent for dwellings in Australia’s capital cities rose by 3.2% to $640 in the three months ending June, following a 4.2% increase in the March quarter. Latest