Rental growth slows as affordability is stretched Rents continued rising in 2024, with the national median rent climbing 4.8% over the year, according to CoreLogic. That included increases of 6.2% in the combined regions and 4.3% in the combined capital cities. Among...
Is the property downturn already over? As 2024 came to an end, there were two clear stories about the property market. First, some sort of correction seemed likely to occur in the near future, given that December was the first month of negative price growth in almost...
Rates are on the move. Are you getting the best deal on your mortgage? The Reserve Bank of Australia (RBA) has just made a move that homeowners have been waiting for—a cash rate cut for the first time since 2020. The cash rate is now at 4.10%, down from 4.35%,...
How to buy a property when you’re self-employed When you’re self-employed, it can be harder to qualify for a home loan than if you’re an employee collecting a regular salary. That’s because a small business owner’s income may be more variable, their financial...
The pros and cons of paying for LMI(lenders mortgage insurance) Many borrowers who have heard of lenders mortgage insurance (LMI) regard it as a bad thing. But that’s not necessarily the case. LMI is an insurance policy designed to protect the lender (not the...
