The Residential Property Prospects 2019 to 2022 report released today found signs ofimprovement in the outlook for the residential market but said continued lending restrictionsand high levels of construction in recent years would keep price growth low. Brisbane is one exception, with growth expected to be driven by high interstate
As everyone awakes from winter hibernation, many people’s thoughts turn to selling or buying a home in spring. It’s no surprise. The sun starts shining, the garden bounces back into life, flowers bloom, lawns look lush and green, and homes are once again filled with light and warmth. Chances are
Now that Australia’s banking regulator has lowered the lenders’ borrowing buffer, more people should be able to borrow more funds to buy their new home. For the last few years Australia’s banking regulator, APRA, has required lenders to use a minimum 7 per cent interest rate when assessing a new
With the uncertainty of tax changes gone, a lessening of borrowing restrictions, and a new scheme to help first home buyers – coupled with two interest rate drops – it looks like things are swinging back into the borrowers’ favour. The election result took most of us by surprise. The
The most exciting thing about getting a new mortgage is moving into a new home. What’s less exciting is the actual move itself. With these tips we can’t promise you it will be fun, but they should make things a lot easier. The key is planning ahead, having a strategy
When you’re looking for a new home loan, the question is not, ‘How much can I borrow?’ Instead you should be asking, ‘How much can I afford to repay?’ This key factor is one of the ways lenders work out the size of your loan, and it’s called ‘serviceability.’ Everyone
The way banks assess you and a loan application have changed in recent years. A credit score is now something they look at as an indicator of your ability to service a loan. By following a few simple tips and getting into good habits, you can improve your score and
Comprehensive Credit Reporting, or ‘Positive Reporting’ is here. And while the banks may not be happy about sharing their customers’ information with other banks, borrowers like you stand to benefit a lot more. Comprehensive Credit Reporting is a new set of government-mandated rules for banks, where they have to
