Posts Tagged ‘FInance’

New Loan Commitments Continue to Grow

Despite the pandemic still hanging around creating intermittent havoc, the Australian property market remains resilient, continuing to break records and defying the logical premise of instability one would have predicted when the COVID lockdowns commenced in 2020.

The latest information from CoreLogic, sourced from the Australian Bureau of Statistics (ABS) – reveals the total value of new loan commitments for housing grew for the seventh consecutive month and shows no sign … Read the full post »

Property Terminology 101 – Part II

Following on from last week, here is Property Terminology Part II, aiming to provide a simple and clear definition of property terms you may come across from time to time.

Strata Title: The formal ownership of a property within a strata plan where the property is defined within horizontal and vertical boundaries, and proprietors have joint rights over the land and common areas.

Company Title:  The building and land are owned by … Read the full post »

Snapshot: Household Debt in Australia

Despite the Australian property market demonstrating its resilience in the face of COVID19, there is still concern about the substantial increase of household debt levels, which have risen significantly over the past thirty years.  In June 1990, the ratio of household debt to annual disposable income peaked at 68%; and in June 2020 it is now at a whopping 185%.

Most of the debt held by households is housing debt, which … Read the full post »

Investor Activity Softens

CoreLogic’s latest report on Investor Activity in the Australian Property Market reveals that there hasn’t just been a softening during the COVID19 pandemic; in fact, investor activity has been falling since early 2015, across all Australian states.

The main reason attributed to this is the macro-prudential policies that were implemented in Australian mortgage lending, which did tighten lending criteria and exclude some would-be investors from commencing or growing their portfolio.

The latest … Read the full post »

Easing of Lending Restrictions

With the handing down of the Federal Budget last week there is much to digest and indeed the path to economic recovery is a long one; however, the government have been widely praised for their handling of the pandemic, particularly in regard to stimulus packages aimed at keeping the economy moving, and the JobKeeper payments enabling employers to retain staff.

One of the real game changers, in term of stimulus emerged … Read the full post »

Market Sentiment QLD

The Queensland real estate industry body, the REIQ, have been carefully monitoring not only the state property market in the wake of the COVID19 global pandemic, but also consumer sentiment across Queensland regarding consumer confidence in recovery and general outlook.

Whilst there is evidence property prices have dropped nationally by 2%; Queensland has fared somewhat better overall with a 0.3% drop, and the Sunshine Coast, very much a lifestyle-driven regional market, … Read the full post »

Home Loans Surge…

Queensland’s ‘The Courier-Mail’ published on September 9th that the Australian Bureau of Statistics (ABS) reported that new home loan commitments in July 2020 rose 8.9% compared with June; this is the largest month-on-month rise in new home loan activity ever recorded by the ABS.

Why is this happening?  Well, it is driven by a few factors, from the easing of restrictions (in most states), continual historic low interest rates, along with … Read the full post »

Buying an Investment Property at Auction

When looking for a property to commence or add to your investment portfolio, are you put off by Auction properties?  What are the benefits and challenges? Certainly, compared to private treaty sales, you are bidding against other potential buyers, with the winner the highest bidder; this competitive environment sometimes creates fear in investors of overpaying.  How do you avoid this?  Below are some tips to help you navigate the auction … Read the full post »

Sharp Fall in Housing Finance

The latest figures released by the Australian Bureau of Statistics (ABS), reports a record 11.6% drop in new finance commitments for purchasing dwellings, in May 2020, the single largest monthly drop in 18 years.

Australia’s leading real estate portal CoreLogic, says the June results, when finalised could show a partial recovery.  The chart below shows the monthly value of new finance for housing from the ABS, against the number of property … Read the full post »

New Financial Year

We are now into week three of a new financial year, and no doubt some of you have already lodged your tax returns or are in the process of…particularly if you are expecting a refund.

The start of a new tax year often brings some changes…this year there are some particularly significant changes that have taken place, summarised below.

Superannuation:

Second Round of early access: from 1 July 2020 until 24 September … Read the full post »

Buying Checklist

On the back of state and federal government incentives, combined with historically low interest rates, now is an extremely opportune time to buy, and there has been a national surge in first home buyers entering the market.

Below is a checklist to consider for anyone buying a home, regardless of whether it is your first, second, or an addition to your investment portfolio:

Set your long-term goals: understand WHY you are … Read the full post »

Calls to Abolish Stamp Duty

Firstly, we hope you all enjoyed a great long weekend and an ease in restrictions – it was wonderful to see people out and about enjoying the sunshine and fresh air, whilst practising social distancing.  Keep up the good work, and we may all come out of this on the other side, sooner rather than later.

In the midst of this COVID-19 crisis, some property commentators and key industry figures across … Read the full post »

Next Entries »