Property prices are predicted to dip: 5 ways you can prepare to buy
Property prices are predicted to fall over the coming year, but it’s always hard to know exactly when they’re going to start trending back up again. So if you’re interested in taking advantage of the dip, it could pay to start preparing now. Earlier this year, Domain’s June 2022 Quarterly House Price report showed national property prices were starting to slightly dip. And ANZ economists are predicting a 15-20% drop by the end of next year, before starting to recover in 2024
Could an eco reno boost your property’s value?
You’ve probably heard that interest rates are on the rise and national property prices are on the way back down. Here’s how you can kill two birds with one stone: by refinancing to unlock equity and giving your home an energy-efficient makeover at the same time. Did you know that energy-efficient homes generally attract premium prices and sell faster than non-eco listings? That’s according to the 2022 Domain Sustainability in Property Report, which found an energy-efficient h
Why you might want to refinance sooner rather than later
Thinking about refinancing? As interest rates rise, so do the hurdles you need to clear. Here’s why you might want to look at refinancing soon to avoid potentially missing out. When was the last time you refinanced? If the answer is “never”, or you can’t actually remember, there’s a good chance you’re paying a higher interest rate than you could be due to the “loyalty tax”. You see, the banks don’t think you’re paying attention, and as such, they only offer their lowest rates
Interest rates to keep climbing as RBA hikes cash rate to 1.85%
The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.85%. Here’s how to hang in there and keep up with all these monthly cash rate hikes. Another month, another RBA cash rate hike – that’s four months in a row now! It’s hard to believe that at the beginning of May the cash rate was just 0.10%. Today, it was increased to 1.85%. RBA Governor Philip Lowe said in a statement that today’s increase was a further step in the normal
