About 20% of home owners bought their property in the past five years, CoreLogic has estimated. The data shows that 2021 was the most common year in which homes were last purchased, with 5.3% of all homes being bought in that year.
Home hunters have considerably more stock to choose from than earlier in the year, putting buyers in a stronger negotiating position.
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.
When it comes to buying a home in Australia, home loan interest rates are one of the key factors that expat borrowers need to consider when taking out a loan. This article will provide a quick guide to understanding home loan interest rates in Australia, including the types of interest rates available, how interest-only loans work, and how to find the best home loan interest rates.
So you're an Australian citizen living overseas with a good job, earning a high income, and with cash to invest in a property. Australian banks should be crawling over themselves to lend to you, right? The answer is not always the case. Australian expat mortgages can be tricky. This post will provide valuable insights on five key things you must know about Australian expat home loans. Knowing these aspects will help you navigate the home loan application process and make informed decisions before your property purchase.
Are you looking to purchase a property in Australia? If so, you’ll likely need to take out a home loan and are looking for tips as a first-time borrower. By the end of this article, you should understand how home loans work in Australia and what factors you need to consider when taking out a loan.
Many Aussie expats use their time overseas to accelerate financially. Here’s how Australians living abroad are buying property back home and building long-term assets. Moving offers higher earning potential, global career experience, and the ability to accelerate financially in ways you can't back in Australia. Expats also recognise something else- the overseas window is powerful, but it isn’t permanent. This naturally raises the question: "How do I make the most of that time whilst I am here?"
If you’re an Australian expat navigating life abroad, the last thing you need is uncertainty around your finances back home. Whether you’re living in Singapore, Hong Kong, Dubai, or beyond, staying on top of your Australian mortgage from overseas isn’t always straightforward - especially during times of personal or financial stress.
In a lending market that’s moving in different directions at once, it's easy to assume that lower rates elsewhere mean it’s time to refinance. But for many expats, the smarter move might not be switching lenders — it’s simply getting clear on where you stand.
Several experts anticipate the Reserve Bank will begin lowering interest rates in the fourth quarter of 2024. So, if you want to enter the market, should you buy now or wait for mortgage rates to go down?
If you would value a considered review of your position, we’re happy to talk.