The job market has improved from an employer’s perspective, but it’s still challenging to find good staff, based on the latest data from the Australian Bureau of Statistics. In December, the unemployment rate was just 3.5%, the same as the previous month, although the number of unemployed workers edged up slightly, from 492,600 to 494,200. … Read more
With property prices declining in many parts of the country, and many people’s borrowing capacity falling as well, this is a different market than we’ve seen in many years. So here are some important tips around buying, selling and securing finance right now. Buyers Buyers are usually the big winners in falling markets, because they … Read more
For property investors, 2022 was one for the history books. To begin with, capital city rents increased by 14.6% for houses and 17.6% for units, according to Domain – both of which were records. Furthermore, the year ended with an unprecedented seventh consecutive quarter of house rent rises and sixth of unit rent hikes. “Just … Read more
New or used? It’s a question that almost all car buyers ask themselves at some point and there are arguments for each. Based on our experience, with the help of our network of car dealers and feedback from clients, we’ve put together this guide to help you make the right choice for you. New vs … Read more
As of 16 January 2023, first home buyers in New South Wales have the option to opt out of paying upfront stamp duty and instead pay an annual tax. The First Home Buyer Choice scheme was introduced by the NSW Government in a bid to help reduce the entry cost for buyers looking to get … Read more
With property prices falling and interest rates rising, you might be wondering if now is a good time to buy an investment property. Ray White chief economist Nerida Conisbee said there were six questions to ask yourself as part of the decision-making process. 1. Can you get a home loan? Your ability to qualify … Read more
It’s almost certain the Reserve Bank of Australia will increase the cash rate again. But what we don’t know is when or where it will peak. The RBA has raised the cash rate for seven consecutive months to November, taking it from 0.10% to 2.85%, in a bid to slow and ultimately reverse rising inflation. … Read more
With the property market cooling in many parts of Australia, many people may be wondering if now is a good time to buy as either a first-home buyer or investor. Australia’s median property price fell 3.4% in the August quarter, according to CoreLogic, which could be either good news or bad depending on your perspective. … Read more
The Reserve Bank of Australia (RBA) has continued its trend of increasing the cash rate, moving it for the third month in a row from 0.85% to 1.35%. According to our data, all lenders in our panel increased variable interest rates on home loans in line with the cash rate increase last month. This means … Read more
The Reserve Bank of Australia (RBA) today moved the official cash rate for the second month in a row from 0.35% to 0.85%. Last month the bank increased the cash rate from the historic low of 0.1%, where it had been since November 2020. Since last month’s cash rate increase, 97% of lenders in our … Read more
