Reserve Bank of Australia has raised the cash rate by 25 basis points for the sixth consecutive month. The increase from 0.10 percent in April to 2.85 percent with the November increase is a significant step. The rising rates have increased the repayment burden for borrowers. Higher interest rates are also affecting property values. House prices have... / READ MORE /

In hundreds of suburbs, the cost to rent a house has increased substantially. In 518 suburbs of Australia, the monthly payment on a mortgage is less than the average rent. In 2022, interest rates are expected to rise rapidly. The difference could be as much as $927 per month. Queensland, Western Australia, and the Northern Territory... / READ MORE /

Australia is a buyers’ market in 2022. Since May, when interest rates began to rise, distressed listings in Australia increased by more than 15 percent. There are many sellers under pressure, and buyers have the luxury of being choosy and negotiating. In a sellers’ market, you will be laughed at if you ask for a substantial discount... / READ MORE /

Reserve Bank of Australia has increased the cash rate by 25 basis points to 2.85%, marking the seventh consecutive monthly rate increase. RBA will keep raising rates until inflation is brought under control. The RBA is expected to keep it up until it puts a lid on persistently high and rising inflation. Housing values continue to decline and... / READ MORE /

The 2022-25 Australian Housing Outlook, commissioned by QBE, forecasts what will happen to Australia’s property market in the next three years. The slowdown in the housing market that Australia is currently experiencing will be widespread, but it will vary by state and territory. Sydney is the most vulnerable to rising borrowing rates and could see the... / READ MORE /

The First Home Buyer Report by Helia revealed that although home prices are falling, they do not provide much relief to those who want to purchase their first home. The report says that 68% of the FHBs in the survey cited affordability as the main obstacle to purchasing a home. Many FHBs are considering other... / READ MORE /

Banks calculate the exact impact of any interest rate increase on repayments when assessing whether a borrower is able to afford a variable-rate mortgage. This is something that homeowners should also do. You’ll avoid the stress and headache of having to do the math after every RBA announcement by calculating the impact of the changes on... / READ MORE /

The festive season is upon us, but for some, the mood isn’t as joyful as it should be. Since May 2022, Australians have seen eight consecutive increases in cash rates. Mortgage holders and potential homeowners are losing the joy of Christmas as they wonder if getting a mortgage or refinancing is still possible. You can get a... / READ MORE /

Homebuyers and Investors should keep in mind a few things as we move towards the new year. This year’s market has been turbulent. The cash rate began at a historic low of just 0.1% and ended up at its highest level in 10 years of 3.10%. The inflation rate is 7.3%, the highest it has been... / READ MORE /

The property market has experienced turbulence in 2022. The interest rates are at a record high. Home prices have fallen to new lows. CoreLogic’s Best of the Best annual report states that the decline in Australia’s housing market performance for 2022 is due to successive interest rate increases, rising inflation, poor consumer confidence, and deteriorating affordability. Reserve Bank... / READ MORE /