Higher interest rates make it harder for borrowers to qualify for larger loans or even loans of any size. That’s because for every increase of 0.50 percentage points in interest rates, the average person’s borrowing capacity falls by about 5%,
Are you a foreign investor looking to purchase property in Australia? Here’s a step-by-step guide to navigate the application process with the Australian Taxation Office (ATO): **1️⃣ Pre-Approval Is Mandatory** Foreign investors must secure approval from the ATO *before* acquiring
📢 The Factors That Could Impact the Chances of a February Rate Cut 📢 The Reserve Bank of Australia’s (RBA) decision on interest rates this February hinges on two critical upcoming data releases. While most economists are skeptical about
Good news for anyone planning to buy in early 2025, with the latest data suggesting conditions have turned in favour of buyers. During this year’s spring selling season, sales volumes across the country were 4% lower than the spring
If you’re a lower-income or middle-income earner, you will soon have a new way to buy a property, after the federal parliament passed legislation for Help to Buy. Under Help to Buy, individual buyers who earn less than $90,000
Many international investors see opportunity in the Australian property market, both commercial and residential, but how difficult is it for them to buy? According to a NAB survey in 2022, nearly 5% of the Australian property market is owned
Aussie homeowners may have to spend an extra $107,500 on their mortgage after interest rates hikes in the past year. New research from banks revealed mortgagees will pay an additional $3586 a year on their home loan repayments after the
Welcoming a new baby is a time of joy – and big changes, including financial ones! If you’re navigating Australia’s Paid Parental Leave scheme and wondering how it affects your home loan, here’s what you need to know: 1️⃣
More and more Australians are turning to property investment, new analysis has revealed. CoreLogic’s head of research, Eliza Owen, found that the number of investors entering the market was exceeding the number exiting, by comparing home loans data with listings
Are you considering renovating? If so, you’re not the only one, because renovations are incredibly popular, with homeowners investing $2.84 billion on alterations and additions in the June 2024 quarter, according to the Australian Bureau of Statistics. Typical costs range
