Home Loans & Mortgages

Homes for sale are sticking in the market longer, and homeowners are either removing their homes from the market, multi-listing the property with many real estate agents or having to lower their price expectations.
This is affecting new home sales as new home hopefuls that cannot sell, are having to shelve home building plans.

Readers will know that I say that the reason that homes are unaffordable is that land prices are too high. They are too high by at least $100,000. Here’s the proof, but what do the HIA, the Master Builders Association and the Land Developers do about it. Nothing.

Remember when Kevin Rudd, the then Leader of the Labor opposition in Australia, pledged $500 million to sponsor planning innovations which made houses less expensive. Well, we are still waiting.

Uptake of fixed interest rate home loans have fallen to the lowest rate in almost two years, but may rise again as fears escalate of an increase in interest rates. Australian Finance Group (AFG) general manager of sales and operations Mark Hewitt said a decline in fixed rate mortgages in July indicated property buyers were not [...]

Melbourne, Victoria’s capital, now has 17 one million-dollar suburbs, which is more than double the number at the start of the year. Has the property market dipped in Melbourne this year, or is buying a home in melbourne and waiting for its value to reach $1 million, still the easiest way to become a millionaire, with a [...]

Buying a home for low to mid income earners is fast becoming an un-affordable dream Higher interest rates, over the top land prices and tougher credit rules conspire against first home buyers trying to break into the property market. Renting a home is cheaper, not rents are raising too A recent survey examinds the cost [...]