The number of home loans that are rejected every year in Australia depends on everything from lending standards to property prices. In 2019, it spiked to 40%, which was a more than 30% rise year-on-year. This rate can have a big impact on buyer behaviour, but there’s no reason to let it intimidate you.
READ MOREIn 2020, property prices in Australia rose 3.6% when they were predicted to fall almost 20%. This has created something of an imbalance that the government is attempting to fix. To that end, some members of parliament have proposed taxing owner-occupier houses sold for more than $2 million at 20% capital gains.
READ MOREAustralia saw the largest one-month jump in home values in the past 17 years from ultra-low interest rates. But this has also led to higher housing prices. RBA are looking to combat this with higher mortgage rates.
READ MOREThinking of getting into the rental property market as an investor this year? There’s no better time to do it than now. Explore everything you need to know about getting your rental property ready before your tenant moves in.
READ MORE81% of all mortgage deferrals from June of 2020 are now back on track. Still, thousands of Australians have deferred their mortgage repayments. So…what portion of your income should go to your mortgage?
READ MOREWhether or not you have thought about buying a strata property, here’s a look at everything you need to know about whether strata ownership is right for you and what you need to do beforehand.
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