We dream big in Australia. So it’s little surprise that when the Great Australian Dream becomes a reality it means bigger houses than anywhere else in the world, according to a new report. In 2019/20, the average new house built measured a whopping 236m2, up 2.9%...
Mortgage holders and business operators are being encouraged by the RBA to switch lenders if their bank doesn’t pass on the latest cash rate cut. The Reserve Bank of Australia (RBA) delivered mortgage holders and business operators a Melbourne Cup Day win by cutting the official...
The First Home Loan Deposit Scheme is back; bigger, better and more buyer-friendly than before. If you’re a first home buyer who missed out on the first two rounds, then here’s how to make it a case of third time’s a charm! It’s federal budget week,...
Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve throughout 2021. Housing affordability improved in all major Australian cities over the year to September 2020 despite the ongoing global pandemic, according to a...
Small business owners in need of credit will be buoyed by new data that shows the approval rate for loans has remained strong throughout the coronavirus crisis. In fact, about 70% of SME business loan applications received by lenders have been approved since early February, according...
Consumer sentiment is surging, confidence in the housing market is booming, and the number of experts tipping a Melbourne Cup Day cash rate cut is increasing. Let’s look at why households and businesses are becoming increasingly optimistic. Ahh, spring. It’s fair to say we love it...
You might have recently heard that ‘responsible lending laws’ are set to be scrapped early next year. Rest assured though that you’ll still be able to borrow responsibly. Let us explain how. The planned scrapping of the responsible lending laws is the federal government’s latest key initiative to...
Strap yourself in: Australian house prices are tipped to experience a mild COVID-19 dip before surging 15% over the following two years, according to some of the nation’s top economists. And in more good news for homeowners, RBA Deputy Governor Guy Debelle has hinted at further reductions...
The majority of property investors are remaining upbeat despite COVID-19, with 67% believing now is a good time to invest in residential property, according to a new survey. Last month, PIPA (Property Investment Professionals of Australia) gathered insights from nearly 1,100 property investors in August, with...
If you’ve deferred your home or business loan then it’s likely your bank will reach out to you in the coming weeks. Here’s what to expect and what options are available to you. As the initial wave of six-month loan payment deferrals comes to an end,...