Commercial property landscape changing, survey finds
Businesses and commercial property investors will have to come to terms with a new commercial finance landscape. That’s one of the key findings from a CBRE Research survey of 33 lenders – a mix of local banks, international banks and non-bank lenders – to the Australian commercial real estate sector. Lenders expect interest rates to […]
- Author: admin
- Date: 4 October 2022
Small business tax breaks now one step closer
The Albanese government has advanced two small business tax incentives that were announced in the Morrison government’s final budget. Draft legislation has been introduced to parliament for the Skills and Training Boost and the Technology Investment Boost. Under the Skills and Training Boost, small businesses can deduct an additional 20% of expenditure incurred on eligible […]
- Author: admin
- Date: 4 October 2022
Economy growing faster than before the pandemic
Australia’s economy expanded 0.9% in the June quarter, according to the most recent data from the Australian Bureau of Statistics. That was the third consecutive quarter of economic growth, following a contraction in the September 2021 quarter, which was caused by the Delta outbreak and lockdowns in Sydney, Melbourne and other places. The economy ended […]
- Author: admin
- Date: 4 October 2022
How commercial investors are coping with rising inflation
Depending on your perspective, rising inflation is either a threat for commercial investors or an opportunity, according to one of Australia’s leading commercial property analysts. Ray White Commercial head of research Vanessa Rader said that while commercial property has often been perceived as a good hedge against inflation, the current inflation rate of 6.1% would […]
- Author: admin
- Date: 4 October 2022
October cash rate rise: how is your borrowing power impacted?
The official cash rate has lifted again today to 2.60% for the sixth consecutive month. This is the highest the rate has been since July 2013 when it was 2.75%. The increase will impact any homeowner with a variable-rate or split home loan, or anyone considering taking out a new loan. But it isn’t only […]
- Author: admin
- Date: 4 October 2022
Governments unite to make homes greener
Australia’s state and territory building ministers have agreed to improve the energy efficiency of new homes. New homes will now have to achieve a seven-star Nationwide House Energy Rating Scheme (NatHERS) rating, up from the previous six stars. New homes will also have an annual energy use budget for their major appliances such as: Property […]
- Author: admin
- Date: 23 September 2022
Five reasons why this might be a great time to buy
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. […]
- Author: admin
- Date: 23 September 2022
More than two-thirds of borrowers are now using brokers
Australians turned to mortgage brokers in record numbers during the June quarter. Research group Comparator found brokers originated 68% of new home loans in the June quarter, compared to 32% for lenders. That was a record broker market share for the June quarter, and was significantly higher than the year before (59%) and the year […]
- Author: admin
- Date: 23 September 2022
Repricing vs refinancing: could you save money in a rising-rate environment?
The Reserve Bank of Australia (RBA) has announced another hike to the cash rate in September from 1.85% to 2.35%. This takes the total increase in the cash rate this year 2.25 percentage points, up from a record-low of 0.1% in May. With this increase, we have seen interest rates for home loans increase across […]
- Author: admin
- Date: 6 September 2022
The ins and outs of pre-approvals
Getting pre-approval for your home loan can give you an understanding of your borrowing power and confidence your lender is satisfied with your preliminary application. It means it is time to get out there to find your home. To help you on your way, here is a quick overview of what your pre-approval means. The […]
- Author: admin
- Date: 24 August 2022
