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New home purchases rise 5.3%
Australians purchased 5.3% more new homes in February than the month before, according to the Housing Industry Association (HIA). However, HIA chief economist Tim Reardon said this increase was off a “very low” base. Based on the number of new homes being approved for construction and purchased, he forecast there would be a decade-low amount…
Published: 23rd April 2024By: Compare n SaveCategorised: Home & Investment Loans
Get a better deal on your loan and receive up to $1,000 towards your Man Cave fundraising campaign
We are pleased to support your fundraising efforts during the 2024 Phats Charity Ride by providing a donation of up to $1,000 to the Man Cave if we refinance your home loan, investment loan or SMSF loan – here are the details: To find out more, connect with us and include PhatsManCave24 in the comments.
Published: 11th April 2024By: Compare n SaveCategorised: Home & Investment Loans
Deposit hurdle gets slightly lower for first home buyers
First home buyers are able to enter the market a little faster than a year ago, new research has found. At a national level in February, it took 4 years 9 months for a first home buyer to save a 20% deposit on an entry-level house, compared to 4 years 11 months the year before.…
Published: 11th April 2024By: Compare n SaveCategorised: Home & Investment Loans
Stamp duty costs rising due to ‘bracket creep’
New research by the e61 Institute and PropTrack has revealed there’s been a significant increase in relative stamp duty costs in recent decades. Back in the early 1980s, buyers in Sydney, Melbourne, Brisbane and Adelaide needed to do about one month’s work to cover the cost of stamp duty, assuming they purchased a median-priced property…
Published: 5th April 2024By: Compare n SaveCategorised: Home & Investment Loans
Investor activity rises, high-debt borrowing falls
The latest tranche of home loans data from the banking regulator, APRA, has revealed three interesting shifts in the mortgage market over the past year. First, there’s been a meaningful rise in investor activity during that time. During the December 2022 quarter, 30.2% of new loans were for investment purposes; but in the December 2023…
Published: 1st April 2024By: Compare n SaveCategorised: Home & Investment Loans