What can we learn from the mid-1990s rate hikes?
Compared to today’s levels, these amounts seem absurd. For instance, a 25-year principal and interest mortgage for $1 million would be $9,442 in monthly payments at an interest rate of 10.5%, compared to $5,558 at a rate of 4.5%.
The riskiest suburbs in Sydney to sell at a loss
High-density apartment buildings in city fringes are leading the downturn, with the majority of the owners forced to sell at a loss. In some areas, the number of properties selling at a loss is as high as one-in-five.
Almost 80% of Australia’s housing market is in decline
The value of Sydney homes has fallen -9.7% since April after six consecutive rate hikes, and -7.0% over the past quarter, bringing them down -6.4%. The pace of decline has varied from suburb to suburb.
The Four Best Eastern Suburbs For Property Investors
Listed below are four suburbs we believe will continue to provide attractive returns for property investors in the future as well as now.
The number of Australians owning investment properties is staggering
Many Australians are feeling the pinch on their finances at a time when the cost of living is so high. There are many discussions around about what it takes to be considered rich. Whenever this topic is discussed, a lot of attention is focused on the so-called greedy property investors who are buying all the […]
How do properties fare after the RBA slows interest rate hikes?
A 25 basis point increase in the cash rate was announced by the Reserve Bank of Australia at its latest board meeting. It’s the sixth consecutive rate hike, bringing the cash rate to 2.6% – the highest since 2013.