25
Oct
Property sellers considering selling ASAP to beat APRA changes on home borrowing
Some home sellers have brought forward their listings in hopes of getting the best price before new mortgage rules kick in and reduce the budgets of potential buyers. Potential home buyers who are hoping to borrow the maximum amount are also rushing to get in before the cut-off at the end of October, although some…..
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21
Oct
Ever wondered how often do I really need to clean my house?
It’s difficult to believe now but there was a time, late last century, when the frequency with which one had to clean one’s household was not up for debate. Firm rules regarding sheets, towels and other grotty materials were handed down, usually from mother to daughter. But times change, and although women are still doing the…..
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13
Oct
APRA lifts interest rate test in a move to combat soaring house prices
Australia’s banking regulator has announced tough new changes for homes loans aimed at curbing the national housing boom. The Australian Prudential Regulation Authority (APRA) has increased the minimum interest rate buffer on home loan applications from 2.5 to 3 percentage points, which would make it harder for some borrowers to be approved. In a letter…..
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05
Oct
October interest rate announcement: RBA keeps cash rate at record low despite calls for regulator intervention. Domain Reports
Despite the continued rapid rise in house prices, the Reserve Bank of Australia announced on Tuesday that the cash rate will stay at the record low of 0.10 per cent for the eleventh month in a row. It also said that it’ll hold its quantitative easing program of purchasing $4 billion a week of government…..
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01
Oct
Australian housing values rising at the fastest annual pace since June 1989, but the monthly rate of growth continues to lose steam
CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989. The monthly change in housing values…..
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24
Sep
Housing turnover reaches the highest level in nearly 12 years: Corelogic
CoreLogic estimates there were almost 598,000 house and unit sales across Australia over the year ending August 2021; the highest number of annual sales since 2004 and a 42% lift on the annual number of sales over the previous 12-month period. Nationally, the number of dwellings sold over the past year was 31% above the…..
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