
Victoria’s property market adapting in the face of Omicron
As we head into 2022 the property market is again having to be adaptable as the country battles the Omicron strain of COVID-19.
As we head into 2022 the property market is again having to be adaptable as the country battles the Omicron strain of COVID-19.
The Pension Loan Scheme will be overhauled by the federal government to allow seniors to unlock the equity in their home under a new reverse mortgage model.
Property investors are muscling on the market as first home buyers increasingly find themselves struggling to be able to borrow enough for a purchase.
Property values are soaring in Melbourne, which now has a median house price of over $1 million, compared to around $770,000 five years ago.
The worm has turned in the Melbourne property market in favour of buyers as a surge in listings floods the market and puts downward pressure on prices.
There are growing fears for the increasing number of Australians who don’t own property they face a very uncertain retirement.
The recent property market surge was largely driven by housing supply issues and now as our international borders begin to open again, fresh demand could surge prices once again.
The race is on for home loan borrowers to fix their loans in the face of lenders increasing long-term rates and tightening lending conditions.
The Reserve Bank has long been staunch on interest rates remaining where they are until 2024 at least, but economists are starting to disagree.
After what seems like an eternity there are signs of life from the nation’s inflation figures and it could mean interest rates start heading north.