Our commentary on issues important to home owners, investors and borrowers
Women are often our most conscientious, capable and aware household financial managers. But entrenched financial discrimination means that their capacity to borrow to money to secure their own futures is very often much lower than that of their male counterparts.
Read MoreOver the past 5 years in particular there has been a strong shift in the proportion of property buyers who are first home buyers – down from its historical levels of around 18% of the total market to only 13.2% in the September quarter of 2016.
Read MoreOne way to purchase property is to buy off the plan. This is where a buyer enters into a contract to buy a property before it’s completed – usually as part of a multi-unit development. And while there are benefits to this, there are also risks.
Read MoreThe appointment of Gladys Berejiklian as NSW Premier and her suggestion to review all options to address housing affordability should provide some optimism for a generation of young Australians who have a very real fear that owning their own home is fast (if not already) slipping beyond their reach.
Read MoreIn Australia, much of the east coast is experiencing steady dwelling market growth. In Sydney, unaffordability has seen a rise in the popularity of rural NSW markets. The resource states continue to face tough growth conditions.
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After months of house hunting, you’ve found your ideal home or investment property. Now it’s time to get serious about preparing to bid. In my experience the successful bidder is very often the most well-prepared bidder.
Here’s a checklist of five essential things to do before putting up your hand at auction.
Read MoreLoanscape is your information resource about lending and property.
Loanscape has today released its Borrowing Capacity Index for Q3/2024. It shows that the borrowing capacities of Australian individuals and families have started to recover after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 37% higher than 2 years ago.
Loanscape has today released its Borrowing Capacity Index for Q2/2024. It shows that the borrowing capacities of Australian individuals and families have stabilised after the sharp decline over the past 2 years. Lower income borrowers continue to be disproportionately impacted by interest rate increases: the family income required to qualify for the average size loan in Australia is 35% higher than 2 years ago.
Combined dwelling values have re-accelerated across the nation in February, with all mainland capitals soaring in value. It probably comes as no surprise that Perth claimed the top spot by gaining a whopping 1.8% for the month
Loanscape has today released its Borrowing Capacity Index for Q1/2024. It shows that the borrowing capacities of Australian individuals and families continue to decline. The more modest decline in the size of average loans being taken confirms that lower income borrowers are being disproportionately impacted by interest rate hikes: the family income required to qualify for the average loan in Australia is now 32% higher than 18 months ago.
The end of the year is fast approaching, with most capitals experiencing a strong recovery on dwelling values from the downturn that culminated at the start of 2023.
The recovery is mainly due to an influx of immigration and constricted supply, which the Government is trying to remedy with its ambitious goal of building 1.2 million homes by 2029 through HAFF.
Loanscape has today released its Borrowing Capacity Index for Q4/2024. It confirms the forecast trend that borrowing capacities of Australian individuals and families are recovering from their low levels which coincided with the last of the recent increases to borrowing rates initiated by the Reserve Bank of Australia.