The Adviser recently stated one in five potential buyers are unable to seal a deal because they cannot obtain finance, according to a new survey. The survey, conducted by property website realestateview.com.au, found 21 per cent of respondents nominated securing a loan as one of the main obstacles to purchasing a property. The Housing […]
The financial situation of Australian households has deteriorated over the last quarter, yet more Aussies are willing to spend their savings – the Australian Broker Online reports The St. George and Melbourne Institute household financial conditions index decreased 7.9% to 122.2 in March, which is 1.8% below its value a year ago. The proportion of […]
The Advisor – Australia’s mining boom has ended and been replaced by a housing construction boom, according to a report released by the Commonwealth Bank. However, mineral-rich Western Australia continues to be Australia’s best-performing economy and the strongest in housing finance. It is also second in economic growth and third on housing starts, according to […]
There has been a notable increase in foreign buyer activity in the new housing market, reaching an all-time high of 13.9% of national demand. The first quarter residential property survey report by NAB shows foreign buyers are particularly active in Queensland, making up 24.4% of new property market demand. In NSW foreign buyers preferred to […]
There are several ways parents can help their kids break into the market Guarantor – While your offspring may have the money to meet regular mortgage repayments, they may not satisfy the lenders credit criteria. By becoming a guarantor for their loan, you effectively allow the equity saved in your property. Consider this option […]
