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Home Loans Stabilising and Expanding

The Australian Bureau of Statistics reported that home loans for owner-occupied housing went up by 1.9 percent to 49,307. This is the fourth straight month that home loans have grown and economists are positive that they will continue to increase. October’s growth follows September’s increase of 1.3 percent.

Melbourne Now the Least Affordable City

A recent survey shows that Melbourne is now the least affordable major Australian city. Although the affordability of housing in Melbourne has improved, Melbourne properties are now more expensive than properties in Sydney.

How to Sniff Out the Best Investments

There are ways to sniff out the best investments, the best property investments are not always in the inner-city you can find suburbs that have strong capital growth, high rental fees and affordable prices. You need not rush into property investment especially if the stock is limited. Waiting could get you a better deal and be better value for money.

Property in Sydney Increasing in Value

Properties in Sydney are increasing in value making it exceedingly difficult for single-income home buyers to enter the property market.

Property Sales have Increased

Property sales have increased after a late start in spring property sales, which is historically the busiest time in real estate. October saw an increase in sales of property, with predictions by the real estate industry that this increase will continue.