Property investors committed to $11.71 billion of home loans in July 2024, which was the second-highest month on record, according to the Australian Bureau of Statistics.
Investor borrowing rises 35.4%
Cash rate held at 4.35%
The Reserve Bank of Australia (RBA) has held the cash rate steady at 4.35% following its board meeting on Tuesday.
Mortgage activity rising, as borrowers commit to $29bn of home loans
The latest home loans data from the Australian Bureau of Statistics has revealed three key trends.
Property investors very active in the market
Home loan volumes have significantly increased over the past year, especially among investors. Investors committed to $10.67 billion of mortgages in May, according to the latest data from the Australian Bureau of Statistics. That was 29.5% higher than the year before.
How to get your SMSF tax return right
If you’re one of the many Australians who’ve purchased a property through a self-managed superannuation fund (SMSF), the ATO has provided valuable guidance about how to file your annual tax return.
ATO puts spotlight on property investors
The Australian Taxation Office (ATO) has warned property investors it will pay close attention to their reported income and deductions this tax time, with official data showing that about 90% of investors get their tax returns wrong.
Prices rising in 88.4% of suburbs
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.
Investor activity rises, high-debt borrowing falls
The latest tranche of home loans data from the banking regulator, APRA, has revealed three interesting shifts in the mortgage market over the past year.
Should you buy now or wait for a potential rate cut?
Many economists believe the Reserve Bank will start cutting interest rates in the final quarter of 2024. So if you’re thinking about entering the market, should you buy now or wait for those potential rate cuts to occur?
National property prices rose 8.1% last year
Australia’s median property price reached a record $757,746 at the end of 2023, after another year of growth. Read more about this topic and others in our latest Loans Update.
More people buying real estate across state boundaries
An increasing number of property investors are buying interstate, potentially because they’re chasing affordability, diversification or stronger returns.
Property market keeps growing despite high interest rates
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.