2023 Housing Market Recap with 2024 Predictions

The 2023 Australian housing market defying expectations and offered twists that have kept experts and enthusiasts on their toes. Approaching 2024, it's essential to review the past year's events and foresee the trends shaping the real estate landscape. Unraveling 2023 housing market trends Against the backdrop of escalating interest rates,...

What do I need for mortgage pre-approval?

Buying a home is an exciting and transformative journey, but it comes with a few hoops to jump. One of the most crucial steps on this path is securing pre-approval from lenders. While it isn't mandatory and doesn't guarantee your final loan approval, pre-approval can offer you invaluable insights and...

The Ultimate Guide to House Inspections

Buying a house is a thrilling journey, but amidst the excitement, there's a critical step you must never overlook: the house inspection. Just like the saying "Don't judge a book by its cover," this principle applies to house hunting as well. In this comprehensive guide, we'll unravel the art of...

Beat the Fixed Rate Mortgage Cliff

As an Australian homeowner, you may soon face a daunting challenge – the end of your fixed rate mortgage period. The Reserve Bank of Australia (RBA) is predicting that approximately half of borrowers with fixed-rate mortgages will transition to variable rates this year. It's crucial for these homeowners to take...

The Rise of Rental Rates

Australian rental rates surge in Q1 2023 A recent report from CoreLogic shows a sharp rise in Australian rental prices for the first quarter of 2023. The Quarterly Rental Review has identified an overall increase of 2.5% in the rental market, compared to the 2% growth in the previous quarter. The increase...

Why higher interest rates might ultimately benefit homebuyers

The Reserve Bank of Australia might have raised the cash rate by 250 basis points since May to 2.60% – the quickest tightening in nearly three decades – but a senior central bank official has claimed higher interest rates could ultimately benefit new homebuyers. In a recent speech, Jonathan Kearns, the...