Rising interest rates are a scary prospect for many Aussies, especially those with a mortgage, but it may be reassuring to know that the average borrower is ahead of their home loan repayments. Data from the Australian Prudential Regulation Authority (APRA) has shown that the average borrower is 45 months ahead of their repayments, a
CoreLogic’s latest Home Value Index shows that while the housing market downturn has evened out with an annual growth rate of 2.2% across the country, more fresh stock is being added – promising more choice for buyers this spring. Compared with August 2021, 13.4% more fresh housing stock was listed for sale last month and
The last month has been another interesting one in the real estate world. It started with another interest rate rise at the beginning of the month and plenty of media beat up regarding the status of the market. Through the middle of the month we saw more buyer confidence and more properties selling, but the
We have now passed the midway point of 2022 and the property market has gone through some significant changes over the past few months. We saw a federal election campaign resulting in a change of government, record-high inflation and 3 interest rate rises over consecutive months. This has effectively turned the property market on its
The last month has been a roller coaster for the real estate market. While most were still basking in the glory of last year’s sellers market, a 2nd interest rate rise in consecutive months provided a sobering reality that the market is changing and property prices are starting to come down. A positive note to
First National Real Estate Coastwide was recognised for outstanding achievement at the national network’s General Excellence and Marketing Awards, held at Hyatt Regency Sydney on Saturday night. The awards recognise the achievements of First National’s NSW agents throughout 2021, with winners now competing for national General Excellence and Marketing Awards, which will be announced at
