Even though some heat has come out of the property market over the past few months, mortgage activity remains high. Borrowers took out $30.38 billion of home loans in August, which was 1.0% higher than the month before and 23.0% higher than the year before, according...
Australian property achieved a record median gain of $285,000 from resales in the June quarter, the highest since the early 1990s. CoreLogic’s Q2 2024 Pain & Gain report analysed around 91,000 resales, showing that 94.5% of transactions resulted in a profit. Overall, $31.8 billion in...
The property growth cycle is continuing for now, but appears to be closer to the end than the beginning. Australia’s median property price rose 0.5% in August, which was the 19th consecutive month of expansion, according to CoreLogic. However, “the pace of growth is showing clear...
With property prices continuing to rise, it can be helpful to qualify for a higher loan amount, to give you more options. So it's interesting to discover, based on the latest banking statistics, just how many Australians are being approved for relatively large loans. In the...
Most property investors are making errors in their tax returns, despite the fact 86% use a tax agent, according to Australian Taxation Office (ATO) Assistant Commissioner Rob Thomson. The most common mistake investors make is not understanding what costs can be claimed and when – particularly...
The strong growth in home loans activity shows no sign of slowing. Borrowers signed up for $27.64 billion of new home loans in March, which was 3.1% higher than the previous month and 17.9% higher than the previous year, according to the latest data from the...
Owning your own home comes with the exciting opportunity to increase its value, ultimately building wealth for your future. Recent spikes in house prices, with an average increase of around 21% nationally last year, have led to a surge in property values. By leveraging the...
We know that saving for a deposit for your first home requires discipline and can be hard work, especially when the market is influenced by interest rate movements and ever growing values. But don't let frustration signal the end of the road! As experienced Brokers, we believe...
Are you looking to buy a home and you enjoy nothing more than having a punt? If so, you may be surprised how your gambling habits will affect your chances of being approved for a home loan. Here's everything you need to know about Sportsbet...
As part of our Finestream service, we are currently engaging in a thorough manual review of our clients' loans that involve fixed portions or entirely fixed home loans. Providing our clients with a comprehensive guide on what to anticipate upon the expiration of their fixed...