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Borrowers staying on top of mortgages despite higher cost of living
23 April 2024
Despite the rise in inflation and interest rates over the past two years, “nearly all borrowers continue to service their debts on schedule”, according to the latest Financial Stability Review from the Reserve Bank of Australia (RBA).
“Households with lower incomes, including many renters, have felt these budget p...
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New home purchasers rise 5.3%
21 April 2024
Australians purchased 5.3% more new homes in February than the month before, according to the Housing Industry Association (HIA).
However, HIA chief economist Tim Reardon said this increase was off a “very low” base. Based on the number of new homes being approved for construction and purchased, he forecast there w...
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Prices rising in 88.4% of suburbs
13 April 2024
Australia has hundreds of different property markets, which are often at different points in their cycle, so it's common for there to be many markets where prices are increasing and many where they're decreasing. Right now, though, the vast majority are in growth mode.
An analysis of 4,625 house and unit markets around the count...
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New building contract acquired in Maroubra
28 February 2024
623 Anzac Pde, Maroubra
Noble Management Group has successfully secured the building management and contractor rights to 623 Anzac Pde, Maroubra.
This superbly maintained 1920's complex is situated right on the border of Kingsford & Maroubra. It hosts 8 elegant apartments that offer flexible layouts.
Featuring:
...
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Property market growing despite high interest rates
14 December 2023
A new report from CoreLogic has found that median property prices increased in 82.4% of local markets in the three months to October, based on a sample of 4,506 suburbs across Australia.
That included price increases in 83.1% of house markets and 80.6% of unit markets.
Focusing just on house markets, prices increased in:
· Pert...
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