Invest
Property prices a worry for quarter of investors
A new survey has found a quarter of property investors are concerned by rising property prices, with a third of investors also troubled by the cost of living.
Property prices a worry for quarter of investors
A new survey has found a quarter of property investors are concerned by rising property prices, with a third of investors also troubled by the cost of living.
Mortgage Choice’s Investor Survey noted that “surprisingly” a quarter of property investors find rising property prices were a cause for concern for many investors, and even more were worried by their living costs.
“This would suggest [that] property investors are constantly looking to expand their portfolio of assets and, as such, don’t want property to become so expensive that it is out of reach,” John Flavell, Mortgage Choice CEO, said.
He added: “I am not surprised to hear that so many property investors are worried about the cost of living.
“Everyday, expenses such as gas, electricity, childcare and transportation continue to rise every year, which is bound to negatively impact the hip pocket of all Australians, including property investors.”
Further, the survey revealed that 20 per cent of respondents listed job security as a concern and 15 per cent flagged rising interest rates as a worry.
Mr Flavell urged investors to control where they spend their money by drawing up a detailed budget and considering having their home loan checked.
“Your local broker can look at your current product and compare it with others on the market. They may be able to help you find a product with a sharper rate that will end up saving you thousands of dollars.”
Customers’ ‘blind loyalty’ could see them lose out on savings
A finder.com survey released in August found that 47 per cent of Australians bank with just one financial institution. Women are more likely to be loyal to one lender (49 per cent) than men (46 per cent).
According to the survey, just 34 per cent of customers have accounts with two banks and 13 per cent with three; 5 per cent of respondents bank with four or more institutions.
The most loyal bankers are in West Australia, with 56 per cent of respondents banking with one institution, while Queenslanders and Victorians are more likely to bank with more than one.
Bessie Hassan, money expert at finder.com.au, said that customers need to “cherry-pick” the products that suit their needs.
She suggested to consumers: “There’s strong competition among the banks and they’re often competing for your business, so make sure you actively look for better financial details at least once a year.
“If you don’t shop around, you won’t know if you’re getting a dud deal and that inertia is what the banks rely on.”
Property
3 reasons why Australia’s booming housing market won’t last long-term
Despite Australia’s property market growing at a pace not seen for three decades, a leading economist suggests there are warning signs that the property boom could be short-lived. ...Read more
Property
FHB surge as ‘it’s now cheaper to buy than rent’
Record-low interest rates mean that it is now cheaper to buy than rent, with first home buyers taking advantage, doubling their participation in the market, a big four bank CEO has said. ...Read more
Property
New home sales continue to soar in March
A strong level of building activity is expected in 2021 and 2022, given a strong spike in home sales during the year to March. ...Read more
Property
HomeBuilder extension announced
One of the government’s most successful schemes, HomeBuilder, has been extended, bringing the total level of expected government support for the construction sector to $2.5 billion. ...Read more
Property
Policy failures see houses become unattainable for young Australians, minister says
Australia’s booming house prices are the result of the government’s failed policies, with the younger generation now unable to afford what their parents could, a minister has said. ...Read more
Property
House prices to grow by 25% over 3 years
New research is predicting a large gain in property prices of around 25 per cent through to the end of 2023, driven mainly by low interest rates. ...Read more
Property
Strict cap on short-term rentals delayed following criticism
Following widespread criticism from councils and online rental companies, the introduction of NSW’s planned holiday rental code of conduct has been pushed back by three months. ...Read more
Property
Melbourne becomes Australia’s 2nd most affordable rental market
While most capital cities saw house rents soar to new record highs over the first quarter of 2021, Melbourne continued to lag behind – becoming the second most affordable capital city to rent in Aus...Read more
Is the market overheating; should ETFs take your fancy, and what’s happening to the low and middle income tax offset?
Listen now
Home values up 30% (or are they); NFTs taking the world by storm, and why Keating thinks Aussies will be ‘poor’ in retirement
Listen now
Raging floods, the tech stock bubble and the ongoing SG debate
Listen now
Meet the Manager with Trilogy’s Philip Ryan: RBA rates and property price growth
Listen now
Property
3 reasons why Australia’s booming housing market won’t last long-term
Despite Australia’s property market growing at a pace not seen for three decades, a leading economist suggests there are warning signs that the property boom could be short-lived. ...Read more
Property
FHB surge as ‘it’s now cheaper to buy than rent’
Record-low interest rates mean that it is now cheaper to buy than rent, with first home buyers taking advantage, doubling their participation in the market, a big four bank CEO has said. ...Read more
Property
New home sales continue to soar in March
A strong level of building activity is expected in 2021 and 2022, given a strong spike in home sales during the year to March. ...Read more
Property
HomeBuilder extension announced
One of the government’s most successful schemes, HomeBuilder, has been extended, bringing the total level of expected government support for the construction sector to $2.5 billion. ...Read more
Property
Policy failures see houses become unattainable for young Australians, minister says
Australia’s booming house prices are the result of the government’s failed policies, with the younger generation now unable to afford what their parents could, a minister has said. ...Read more
Property
House prices to grow by 25% over 3 years
New research is predicting a large gain in property prices of around 25 per cent through to the end of 2023, driven mainly by low interest rates. ...Read more
Property
Strict cap on short-term rentals delayed following criticism
Following widespread criticism from councils and online rental companies, the introduction of NSW’s planned holiday rental code of conduct has been pushed back by three months. ...Read more
Property
Melbourne becomes Australia’s 2nd most affordable rental market
While most capital cities saw house rents soar to new record highs over the first quarter of 2021, Melbourne continued to lag behind – becoming the second most affordable capital city to rent in Aus...Read more
More articles
Website Notifications
Get notifications in real-time for staying up to date with content that matters to you.
