Brisbane has been in line as the next capital to boom for a long time but it could finally be the city’s time to shine, with predictions it will soon be leading the property growth charts. The River City is the hot favourite for investment, according to the latest Property Investment Professionals of Australia (PIPA)…
House Price Rebound Gives the Reserve Bank Pause
The Reserve Bank has decided to hold the cash rate steady at 0.75 per cent despite growing expectations of further rate cuts over coming months. The rate remained unchanged from the record low in October 2019, which was largely anticipated by market analysts. RBA governor Philip Lowe said the global economic outlook remained reasonable. “There…
Westpac loosens clamps on interest-only loans for investors
Westpac will allow property investors to take out interest-only loans with smaller deposits than it previously demanded, as the country’s biggest lender to landlords seeks to lift its mortgage growth. In the latest move by a bank to target the recovering property investor market, Westpac is raising the maximum loan-to-valuation ratio (LVR) for interest-only loans…
Property Investors Rise in Every State and Territory
Consecutive rate cuts combined with an easing in lending standards has seen a sharp rise in investor lending with every state and territory recording a lift in the value of investment loans. Victoria and Queensland recorded the largest rise for the three month period to August, where the value of investment home loan commitments increased by…
Experts rate Brisbane best capital city to invest $500k in property
BRISBANE has beaten Sydney to be voted the darling of property investment in Australia by a host of industry experts. Nearly a third of those surveyed by comparison site, Finder, nominated the Queensland capital as the best city to invest $500,000 in property. The latest Finder RBA Cash Rate Survey found Melbourne shared the top…
National residential vacancy rates steady in July: SQM Research
Data released by SQM Research today has revealed the national residential rental vacancy rate remained steady in July 2019 at 2.3% from June. The total number of vacancies Australia-wide is now at 76,346 vacant residential properties, a decrease of 2,344 over the month but up 3,888 dwellings over the past 12 months. Brisbane and Adelaide…