Smaller mortgages are the trend with Australians nowadays as house prices soften in Australian capital cities.
Australians have been observed nowadays of borrowing less as homes for sale prices slide.
This trend has further cemented to the Australians the culture of reducing debt which was brought about by the global financial crisis. more…
Australia’s Gen-Y, otherwise called the young Aussies, has broken the mold.
Once typecast as being fixated with carefree spending and sponging off their parents, these Gen-Yers have flown out of its pigeonhole as the currently ongoing high property prices have changed them from being Generation Egocentric into Generation Prudent.
According to a recent survey conducted on mortgage-holders with the age under 30, it reveals that of the thousand respondents surveyed, 71 percent claimed that they never have rented a property. more…
Following the recent release of Australia’s State Budget last week, the next month and a half would be a crucial decision time for people who are planning to buy a house as first home designs buyers are being offered by the federal government with a $10,000 Building Boost for newly constructed properties valued up to $600,000.
The $10,000 Queensland building boost grant is intended for any person or corporation who is intending to buy or build a new home for the purpose of living in, or for renting it out for investment purposes, for homes valued less than $600,000. more…
Recently, a new report was released from Fitch Ratings, a global ratings agency which details mortgage performance by postcode, showed that mortgage delinquency rate in Western Australia has increased while Queensland has made history as Australia’s worst state for mortgage defaults.
The Fitch Ratings report showed that a rise of 1.99 percent, from 1.94 per cent, was being observed from the mortgage delinquency rate in the six months to March in WA while Queensland was recorded with the highest number of mortgage holders that are in debts at 2 percent. more…
With the spiraling energy prices, new regulations and a coming price on carbon, Australia’s property owners, managers and listed property trusts are now forced to look seriously at their energy usage and levels of investment into energy efficiency solutions.
The increasing prices in energy and water have also forced potential home designs buyers to look into the benefits of buying green houses.
As defined by Wikipedia, “a Green home is a type of house that is designed to be environmentally friendly and sustainable, focusing on the efficient use of “energy, water, and building materials.”” more…
