real estate Archives · Page 2 of 2 · Australian Loans Group

Borrowers Favour Lower-Rate Variable Loans

Posted on 19/01/202313/01/2023 by Laze Spasevski

Borrowers favour the lower-rate variable loans right now. According to the October 22 data from Australian Bureau of Statistics, only 4% of borrowers fixed their loans (both new loans and refinances). Very few borrowers are currently fixing their home loans – unlike a year earlier when about half of borrowers were doing so. By contrast, 44% of borrowers fixed in October 2021 and 46% in ...
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Borrowers Are Refinancing Their Home Loans

Posted on 17/01/2023 by Laze Spasevski

Enormous numbers of borrowers are refinancing their home loans according to the latest data from the Australian Bureau of Statistics. Australians refinanced $17.8 billion of mortgages in October. This is not far off the record $18.6 billion of refinancing that occurred in August. It just shows that the past six months have been the six biggest months in refinancing history. Owner-occupie...
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Property Market Will Rise Again in 2023

Posted on 12/01/202312/01/2023 by Laze Spasevski

In the year to November 2022, the property market has declined but based on SQM Research forecast, it will rise again in 2023. The property market has changed significantly over the past 12 months. In the year to November 2021, the national median property price jumped 22.2%, according to CoreLogic. But in the year to November 2022, prices fell 3.2%. Some capital cities actually recor...
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Climate Change Bill and Real Estate

Posted on 13/09/202207/09/2022 by Laze Spasevski

The Climate Change Bill 2022, will have significant implications for Australian real estate, once it gets approved by the Senate. The government's new climate change legislation, which has been approved by the House of Representatives, will enshrine into law an emissions reduction target of 43% from 2005 levels by 2030 and net zero emissions by 2050. Real Estate Institute of Australia pr...
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