Latest Finance News

NAB Commercial Property Survey

There’s a mix of both bad and good news in the latest NAB Commercial Property Survey.On the downside, Victoria’s office vacancy rate has more than doubled to 10.9% in Q2 from the 4% recorded at the end of March last year. The vacancy rate is excepted to ease somewhat over...

Melbourne property prices

Melbourne property prices increased by another 1.3% in July, according to CoreLogic. That latest rise takes the median value to $762,068 – 10.4% higher than the same time last year. However, there are signs the booming market is losing steam with the national monthly growth rate trending lower since March....

Say goodbye to the landlord

Want to say goodbye to the landlord and buy your own premises? Or perhaps you’re a savvy investor looking to take advantage of historically low-interest rates and dip your toes into the commercial market? Either way, it appears you’re in good company. The commercial property market is proving to be...

Home Price Growth & Forecasts

Ratings agency Fitch has bumped up its property price growth forecast for Australia, and is now expecting prices to soar by as much as 16% this year.  That’s significantly higher than the agency’s previous estimate released in December 2020 – which forecast growth of between 3-5%. It also places Australia...

First home buyers

First home buyer activity is almost at record levels. Why? Because now is a very good time to be a first home buyer.Interest rates have never been lower. State governments are offering grants and stamp duty concessions. And the federal government has three schemes to help first home buyers: First...

Popular commercial property assets

Ever wondered what sort of commercial property assets people buy when they take out commercial loans? The most popular type of purchase is offices, followed by retail and industrial, according to data from APRA, Australia’s banking regulator. * Offices = 31% of commercial property loans by value * Retail =...