Ready to become a home buyer? The Australian property market is a wonderful but volatile place. Home prices soared 5.5% last year nationwide and are expected to fly higher in 2024, despite high home loan interest rates.
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The property market has been hard to get a fix on in 2023. Despite the higher cost of living and slumping consumer sentiment, property prices in popular areas have continued to climb.
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Property market predictions for 2024 tip the new year as a winner for existing homeowners, as affordability grows worse for have-nots, according to Domain.
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Interest rates who? According to property watchdog PropTrack – the research arm of realestate.com.au – Australian housing values grew 5.5% throughout 2023, despite housing affordability plummeting to “its lowest level in decades.”
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HECS-HELP loans have empowered many Australians to go to university and achieve higher-paying careers. But can taking on student debt hurt your chances when applying for a home loan?
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Mortgage lenders have wasted little time in passing along the November Reserve Bank rate hike – a hike that broke a five-month dry spell for home loans.
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As we sit on the cusp of summer and the twilight days of 2023, some prospective home buyers might be wondering if now is a good time to get onto the property ladder.
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Residential buildings are responsible for nearly a quarter of overall energy use and more than 10% of total carbon emissions in Australia, as reported by the Australian Government. With the increasing concern about the climate crisis, it’s no wonder people are looking for greener options when it comes to building and owning homes.
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With home values on the rise, Australians priced out of the markets where they currently live may have to consider a change of scenery if they want to buy.
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