GENERAL NEWS
A TIGHT rental market and high gross yields continue to encourage investors into the housing market, with investor lending growth outpacing the growth of owner occupiers...
Data from the Australian Bureau of Statistics (ABS) shows lending to investors in June lifted by 2.7% to $11.02 billion, while owner occupier lending increased by a more modest 0.5% to...
Annual growth in the value of new investor loans was seen across all states and territories, driven by NSW (up by 27.3%), Queensland (by 34.5%) and Western Australia (56.7%). By...
Helping to stoke investor demand is a very tight rental market and higher gross rental yields. The spread between owner-occupier and investor mortgage rates has also...
CoreLogic’s hedonic rental index was only 0.1% higher in July, the smallest monthly rise since August of 2020, with a clear slowdown in the pace of rental growth across the...
Kilroy said that following the latest CPI inflation read, which showed muted growth, Oxford Economics Australia expects the Reserve Bank of Australia will keep rates on...
Loan sizes hit record highs
The average new owner occupier mortgage in Australia is now $636,597 – a new record high that is set to keep on rising alongside the pending property price gains in key states...
While there is seemingly no shortage of buyers prepared to up their bids at heated auctions in key capital cities, many would-be first home buyers have their hands tied by...
The latest ABS figures confirm the number of owner-occupier first home buyer mortgages is stuck in neutral, clocking in at just 9,947 in the month of June...
NSW unsurprisingly has the largest average new mortgage, at $780,028. While this figure has risen for the last four months, it still remains below the peak recorded in January...
New housing market past the worst
A lead indicator for the detached housing market, loans for the construction of dwellings increased 2.9%, for a 3.4% lift in volume terms, the number is...
HIA economist, Maurice Tapang said the number of loans issued for the purchase and construction of a new home has been steadily increasing since the start of 2024, from a very low base...
Tapang said the uplift in number of loans issued to first-home buyers in the June quarter suggests that building activity is “at, or near, the trough in this cycle”.
Official data showed a 6.5% fall in total dwelling approvals in June, to 13,237 – the lowest level in over a decade – on the eve of the official start of the five-year...