RESIDENTIAL PROPERTY
AUSTRALIA’S average new owner-occupier mortgage has reached a new record high in September, while the value of new loans was down for the first time in eight months as...
According to the latest data from the ABS, the average new owner-occupier loan size was up 0.9% over the month or an annual increase of 7.2% to a new record high of $642,121...
This increase was pushed by NSW, Western Australia and Queensland, which were the only states to record positive changes to the average loan size...
NSW, Queensland and WA also saw their average new owner-occupier loan sizes rise this month, with NSW unsurprisingly taking out the title of having the largest average new mortgage...
Queensland’s average new loan size also hit a new high of $619,599, up 2.6% or $15,611 over September for the greatest dollar increase since November 2021. This also reflects a...
It’s astonishing to think the average owner-occupier loan is now over $642,000. On a 30-year mortgage at the average new customer rate, that’s a monthly repayment of almost...
While not reaching a record high, NSW was up 1.0% for the month and 3.0% for the year, while WA was up 1.2% for the month and 17.6% for the year...
At the same time, the total value of new housing loans was down for the first time since January this year, with a drop of $97.7 million to $30.21 billion, driven by the value of investor loans...
This data from the ABS, along with the latest CoreLogic results that show property prices are now starting to drop in key capital cities, are salient signs some buyers...
While the value of new owner-occupier loans, excluding first home buyers, was up 1.5% to $13.43 billion. And first home buyer loans were down 3.3% to $5.21 billion...
With the total value of new and refinanced loans for a fixed rate at 2.6%, up from the 2.0% recorded in August...
While the proportion of new borrowers opting for a fixed rate is still incredibly low, this data will be worth watching in the months ahead to see if the deluge of fixed cuts gets borrowers...
The fundamentals of demand and supply, with rising listing volumes and softer buyer interest are taking steam out of price growth in most markets. We expect momentum will...
The rate-cutting cycle will bring much-needed relief to mortgage holders and prospective buyers. We forecast all-dwelling prices will increase by at least 7% in...