Government to lift lending restrictions
Something changed last week. And it’s going to underpin the rebound in our property markets in 2021.You’re probably very familiar with the term “responsible lending” these days – after all, the Royal Commission hammered home the point that banks weren’t being “responsible lenders” for most of 2019.Now, the government has done something of a b...
What does the federal budget mean for the Australian housing market?
Three major housing-related measures were highlighted in Treasurer Frydenberg’s budget address on the 6th of October: an extension of the First Home Loan Deposit Scheme (FHLDS), additional low-cost financing for affordable housing through NHFIC, and additional funding for the Indigenous Home Ownership Program. Other measures detailed in the budget papers included a proposed capi...
'Zoom Boom' Draws Sea-Changers to Sunshine State
Regional and satellite property markets such as the Sunshine Coast are experiencing an uplift in transaction activity and house price growth throughout the pandemic.The Sunshine Coast has recorded consistent dwelling price growth for both houses and units, while simultaneously, population growth in the region is at its highest level in almost a decade, CBRE research shows.The Sunshine Coast&rsq...
New price caps unveiled in extension of the First Home Loan Low Deposit scheme
6 Oct 2020 | Author: Jonathan Chancellor | Source: Property ObserverThe extension of the First Home Loan Deposit scheme was confirmed in last night’s federal Budget with new property price caps.The expanded scheme, initially announced on Saturday, will allow an extra 10,000 first-home buyers this financial year.“This builds on the 20,000 first home buyers we are helping to purc...
How will the property market look once borders open?
Source: Propertyupdate.com.au There’s an elephant that’s about to make its presence felt in the property market and it’s a huge potential game-changer. It won’t be deterred by rising unemployment, housing finance restrictions, buyer confidence or economic downturns.It has the power to radically alter housing prices and rents, and it’s about to be unleashe...
Consumer confidence hits three month high
Consumer confidence rose +1.2 per cent last week to 93.5, according to ANZ-Roy Morgan, a 13-week high.However, confidence levels remain well below the monthly average since 1990 of 112.6, and even still a reading of 93.5 is equivalent to what Australia experienced through the financial crisis. Source: ANZ-Roy Morgan On March 29 the COVID shock saw consumer confidence reading hit t...
What do housing approval trends mean for the property market?
Whilst the number of attached dwelling non-starts have fallen – which is a good thing – the 21,500 not yet commenced attached dwellings (which are mostly mid-to-high rise apartments) account for a third (32%) of all new attached dwellings approvals last year.In contrast, the 9,000 approved but not yet started detached houses accounts for just 9% of last year’s total detached h...
Sunshine Coast Rentals Dominates Realestate.com.au Searches
People are still determined to make that sea or tree change six months after the onset of COVID-19.According to realestate.com.au, a property listings website, regional areas have registered a significant increase in popularity, in a trend that is particulary prevalent in Queensland.The small town of Biloela in the Banana Shire received a 197 per cent growth in views per listing for houses for ...
Tenants compete for rentals as Sunshine Coast vacancy rates tighten
Competition over rentals in some of Australia’s regional towns is so fierce that some tenants are offering to pay three months’ rent in advance to secure a property.Others are applying for rentals before they have even had a chance to look through them in person.Eleven regional areas across NSW, Victoria and Queensland recorded rental vacancy rates of less than 1 per cent in July, S...
