finni.com.au

The winter weekend auction market concluded on Saturday with a continued increase in both auction numbers and sales. As the spring selling season officially begins, auction sellers can look forward to more positive results in the coming weekends, supported by growing confidence in the market.

*propertyupdate.com.au data

Discover the warning signs that lenders and mortgage brokers watch for when you’re applying for your first home loan.

Visit our website today to read the five red flag habits that hopeful first home buyers should stop immediately. https://bit.ly/3MpXOzm

New data from CoreLogic’s Monthly Housing Chart Pack for August 2024 shows that dwelling values have hit a record high in Sydney, Brisbane, Adelaide, and Perth.

Stay informed on the latest market trends and what they mean for you! Read the full story here: https://bit.ly/3yLLcQ1

In its July 2024 bulletin, the Reserve Bank of Australia (RBA) said that housing loan arrears have increased steadily since 2022, alongside rising household budget pressures from higher inflation and interest rates.

Discover the key factors behind the rise in arrears rates by reading the full story here: https://bit.ly/3X2ijsf

It’s been seven weeks since the last cash rate call, with opinions varying on whether the next move would be a hold or rise. Now, the Reserve Bank of Australia has delivered its first decision of FY25.

Read more about this month's cash rate decision in our latest story: https://bit.ly/3SEGXwt

When it comes to refinancing a mortgage, smart strategy could save you thousands of dollars a month.

Discover useful tips for maximising savings when refinancing a mortgage by reading our story here: https://bit.ly/4d7StbL

New data from the major bank has revealed almost half of new property investors in 2023 were millennials.

Get to know the data findings by reading the latest insights here: https://bit.ly/3YcGnJW

Mortgage brokers have said serviceability issues are the primary hurdle for their clients looking to refinance, according to MFAA.

The aim of the survey was to understand how changes within the economy and lending space have impacted borrowers. Read more about the survey findings here: https://bit.ly/4eFK8gN

Amid ongoing speculation about this year’s interest rate trajectory, the Reserve Bank of Australia has delivered its final cash rate call for FY24.

Read more about RBA's decision to hold the cash rate in its June interest rate decision here: https://bit.ly/3zeQjb7

There was an uptick in housing affordability in several states recently but the number of first home buyers declined, according to new figures.

The Real Estate Institute of Australia’s (REIA) Housing Affordability Report for the March 2024 quarter has revealed that there was a modest improvement in housing affordability for homebuyers during this period for the first time in three years.

Read the full story here: https://bit.ly/3XpjD9e

With more first home buyers (FHBs) entering the property market, an expert buyer’s agent hands down her top tips for anyone ready to jump on the property ladder.

According to the Real Estate Buyers Agents Association of Australia (REBAA), activity for first home buyers has increased by 13 per cent compared to one year ago.

Head on over to our website and apply these tips to your investment journey.
https://bit.ly/3VhrvXE

The peak body for residential building has pushed policymakers to take action to reach state and national housing targets in the near future.

The Housing Industry Association (HIA) urged state and federal policymakers to pull levers within their reach as Australia faces an “acute” housing shortage and record population growth that are expected to prolong for at least the next few years.

Read the latest news here: https://bit.ly/3yGz9D6

Dwelling values across regional Australia saw the fastest quarterly growth rate in almost two years, according to new research.

CoreLogic’s Regional Market Update for May 2024 has revealed that dwelling values across regional Australia rose by 2.1 per cent over the three months to April, the strongest result since the three months to May 2022.

Read the full story here: https://bit.ly/3Kj9tiD

Real estate markets across the nation are being “taffy pulled” in many directions by multiple drivers. It is perhaps one of the most divergent periods we’ve seen in the sector in recent memory.

Find out what's set to unfold in the year ahead. Read the full story here: https://bit.ly/3Rs8WyX

Property and rent prices will keep rising until new housing supply comes online, but this will take time to occur given current new dwelling approvals.

Reserve Bank of Australia’s (RBA) assistant governor (economic) Sarah Hunter said there are several ways to restore balance in the housing market but warned that “it will not be a quick fix”.

Read our latest story here: https://bit.ly/3WSfrOS

Amid much speculation as to which way interest rates will go in 2024, the Reserve Bank of Australia (RBA) has shared its latest update to the cash rate target.

Find out if the continued pause is good for the property space. Visit our website to learn more. https://bit.ly/4dviKkT

Higher interest rates haven’t dented property prices, which hit their peak nationally in April 2024, according to new data.

The PropTrack Home Price Index for April 2024 revealed that national home prices rose 6.6 per cent annually and 0.23 per cent in April to a median value of $774,000.

Find out which states were at their peak by reading our latest story here: https://bit.ly/3UnIRkU

Mortgage prison doesn’t have to be a financial sentence, according to one mortgage broker. Eva Loisance from Finni Mortgages concedes there’s a lot of people “struggling to find a way to get back to interest only, or to a better rate".

Find out how refinancing can be a solution when caught in a financial rut. Visit our website today to read the article: https://bit.ly/4aYeclx

New research reveals that after cooling their plans through 2023, Australians are once again laying the groundwork to buy.

Do you share the same sentiments? Read more about Westpac's Home Ownership Report through this link: https://bit.ly/3xL8ogj

Challenges concerning mortgage serviceability, housing affordability, and hurdles to saving a deposit could dampen first home buyer (FHB) activity this year, according to a new report.

The latest ANZ CoreLogic Housing Affordability Report for the March 2024 quarter has highlighted the challenges FHBs face amid multiple economic headwinds like rising interest rates and a deterioration in housing affordability and mortgage serviceability.

Read our story here: https://bit.ly/3JySbO2

Most Australians wait until their mid-30s to enter the property market. Are there benefits to buying in this age bracket, or is “sooner the better” still the best rule of thumb?

Find out by reading the article here: https://bit.ly/3UudTsM

New insight into Australian home loan borrowers reveals that market activity is increasingly dominated by purchasers leveraging other properties to acquire new homes.

The Consumer Access to Mortgages 2023 report by Agile Market Intelligence in association with the Finance Brokers Association of Australia (FBAA) reported that borrowers who were granted a mortgage in the last 12 months were more likely to have secured the mortgage with property.

Read the full story to learn more: https://bit.ly/3Q0gckv

It’s the first rate decision to be handed down outside of the former ‘first-Tuesday-of-the-month’ announcement pattern.

In its second meeting for 2024, the Reserve Bank of Australia (RBA) has opted to hold the cash rate at 4.35 per cent.

https://bit.ly/3IGQa1J

Australians are feeling more confident about their home-buying plans but it’s a different story for first home buyers, according to new Westpac research. The latest Westpac Home Ownership Report has found that 44 per cent of Australians plan to buy a new home in the next five years, up 9 percentage points since July 2023.

Read more about it here: https://bit.ly/4aaEIqO

Embarking on a property investment journey can be both exciting and daunting, especially for first-time investors. Property investment can offer substantial financial rewards, but it also requires careful planning and informed decision-making.

Visit our website today to read our step-by-step guide to help you navigate through the fundamentals of property investment, covering key areas like property selection, financing and management.

https://bit.ly/4a7rYl2

Auction markets produced more solid to strong results generally despite the distractions of long weekend holidays in most capitals. It will resume at full pace next weekend with higher listing numbers certain to test markets ahead of the looming Easter break.

*propertyupdate.com.au data

There are three locations that could offer smart investors both short-term yields and long-term growth.

DPN, an investment provider and finance broker, has revealed their top three picks for investors seeking a sound, growth-oriented asset in the new year.

Get to know more of these areas here: https://bit.ly/3Ia4PlX

A new survey has revealed that the RBA’s decision to pause rate rises in February was a shot in the arm for consumer sentiment, but the mood remains pessimistic.

The Westpac Melbourne Institute Consumer Survey Index rose by 6.2 per cent to 86 in February 2024 (up from 81 in January).

https://bit.ly/48s88Qg

Rising interest rates dampened new loan values in 2023 but led to a surge in refinancing activity as borrowers shopped for better mortgage rates, according to new research.

The latest Mortgage Insights Report by digital property exchange platform PEXA has revealed that the aggregate value of new home loans declined by 12.7 per cent from 2022, with Australians borrowing $300.9 billion to fund property purchases in the 2023 calendar year.

https://bit.ly/42FrdNw

A new survey has revealed that spending habits are rapidly changing amid growing consumer stress, with consumers using these savings to pay down their mortgages.

The National Australia Bank (NAB) Consumer Sentiment Survey Q4-2023 of around 2,000 Australians has found that around one in five consumers who cut back on spending used their savings to pay down their mortgage or other debt.

Read the full article today: https://www.finni.com.au/1-in-5-slash-spending-to-pay-down-loan-nab/