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How equity can unlock your investment dreams
Rising property prices and high interest rates can make buying an investment property seem out of reach. That’s because lenders generally need you to have a 20% deposit if you want to avoid paying lender’s mortgage insurance. Just saving for this deposit requires...
Should you buy now … or wait for interest rates to drop?
With market speculation rife that the Reserve Bank of Australia (RBA) may lower interest rates later in 2024, you might be contemplating whether to buy now or hold off in anticipation of more favourable lending conditions. After all, lower interest rates can...
Why rents keep going up and up
The nation’s median rent rose another 8.3% in 2023, following increases of 9.5% in 2022 and 9.6% in 2021, according to CoreLogic. What is driving such strong rental growth? The answer is strong demand from tenants coupled with an undersupply of rental properties. ...
Property prices set to climb in 2024 despite economic slump
Some property economists have predicted sustained growth in property prices in 2024, with Domain forecasting an increase nationally of between 5% and 7%. Factors putting upward pressure on the market 1. Population growth Australia’s population grew 2.2% over the...