After years of ultra-low interest rates, will they rise in 2022?

Ariesaxi12 May, 2022Business

Chatter about rising interest rates is set to slow property price growth in 2022, although the cash rate is expected to stay on hold until late in the year or 2023, economists say.After years of ultra-low interest rates, slashed to near-zero to support the economy through the pandemic, the next move is likely to be up.The timing will be closely watched, and could come earlier than the Reserve Bank?s previous cautious suggestion of 2024.

Owner-occupier lending bounces back from five-month slump

Ariesaxi29 Apr, 2022Business

Borrowers in New South Wales and Victoria led the sharp rebound in loan commitments.Australian Refinance Home Loan Melbourne borrowers came rushing back in November last year, driving a rebound in overall value of new loan commitments for housing.Figures from the Australian Bureau of Statistics (ABS) showed a 6.3% growth in the value of new housing loan commitments (excluding refinancing)

Australian property prices surged 22pc last year, its biggest jump since the 1980s

Ariesaxi18 Apr, 2022Business

Record low interest rates have driven Australian housing prices up 22 per cent last year ? its sharpest rise in three decades. Key points:Housing prices rose 1 per cent nationally in December, with regional markets up 2.2pc and capital cities 0.6pc Hobart had the biggest capital city price increase over the past year (28.1pc) while Perth had the smallest rise (13.1pc) Listings in Sydney and Melbourne have recently surged

What will happen to house prices in 2022?

Ariesaxi02 Apr, 2022Business

There will be an increasing number of Aussies feeling mortgage stress due to higher interest rates, while first home buyers are still in for a massive headache.First home buyers are hoping for some relief from skyrocketing property prices around Australia but they will still face huge hurdles getting into the market in 2022, while Mortgage Advisor Melbourne are worried they won?t able to make repayments and even face losing their house.

Australian property prices surged 22pc last year, its biggest jump since the 1980s

Ariesaxi22 Mar, 2022Business

Record low interest rates have driven Australian housing prices up 22 per cent last year ? its sharpest rise in three decades. Key points: Housing prices rose 1 per cent nationally in December, with regional markets up 2.2pc and capital cities 0.6pc Hobart had the biggest capital city price increase over the past year (28.1pc) while Perth had the smallest rise (13.1pc) Listings in Sydney and Melbourne have?recently surged

What will happen to house prices in 2022?

Ariesaxi07 Mar, 2022Business

There will be an increasing number of Aussies feeling mortgage stress due to higher interest rates, while first home buyers are still in for a massive headache.First home buyers are hoping for some relief from skyrocketing property prices around Australia but they will still face huge hurdles getting into the market in 2022, while Mortgage Advisor Melbourne are worried they won?t able to make repayments and even face losing their house.

Mortgage activity bounces back

Ariesaxi08 Feb, 2022Business

Four states recorded a rebound in lending activity, including for refinancing.Mortgage Broker Melbourne activity rebounded in November across the states of New South Wales, Queensland, Victoria, and Western Australia in November. Four states recorded a rebound in lending activity, including for refinancing.Mortgage Broker Melbourne activity rebounded in November across the states of New South Wales, Queensland, Victoria, and Western Australia in November.

Aussie homes now worth over $9 trillion

Ariesaxi21 Jan, 2022Business

The value of Australia?s residential dwellings rose by $487 billion to $9.25 trillion in the September quarter, according to the latest ABS figures.The Australian Bureau of Statistics (ABS) has confirmed that the total value of Australia?s 10.7 million residential dwellings has risen to over $9 trillion for the first time.

Mortgage activity bounces back

Ariesaxi11 Jan, 2022Business

Four states recorded a rebound in lending activity, including for refinancing.Mortgage Broker Melbourne activity rebounded in November across the states of New South Wales, Queensland, Victoria, and Western Australia in November. Four states recorded a rebound in lending activity, including for refinancing.Mortgage Broker Melbourne activity rebounded in November across the states of New South Wales, Queensland, Victoria, and Western Australia in November.

New residential listings soar in capital cities

Ariesaxi20 Dec, 2021Business

The easing of restrictions in the biggest capital cities over the past month have led to a new record for new listings. REA Group?s latest PropTrack Listings Report showed a 21.9% monthly growth in new listings in October, hitting the highest number on record.

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