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Refinancing When House Prices Are Falling: What to Know
- February 15, 2023
- Posted by: Serres Property Finance
- Category: Guides
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Falling house prices affect your equity, LVR and refinancing options. Refinancing for a lower rate can still make sense, but accessing equity becomes harder. Negative equity can block a refinance entirely until values recover.
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Housing Affordability Australia: 2022 Crisis Explained
- June 1, 2022
- Posted by: Serres Property Finance
- Category: Property and Finance
Housing affordability in Australia hit a record low in the March 2022 quarter, with the national dwelling value-to-income ratio reaching 8.5 and the average buyer needing 11.4 years to save a 20% deposit. Mortgage repayments now consume 41.4% of income nationally, while rental costs are rising too. Here is what the data means for buyers and renters across Australia.
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Housing Affordability Australia: 2022 Crisis Explained
- June 1, 2022
- Posted by: Serres Property Finance
- Category: Property and Finance
Housing affordability in Australia hit a record low in the March 2022 quarter, with the national dwelling value-to-income ratio reaching 8.5 and the average buyer needing 11.4 years to save a 20% deposit. Mortgage repayments now consume 41.4% of income nationally, while rental costs are rising too. Here is what the data means for buyers and renters across Australia.
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RBA Cash Rate Rise May 2022: Impact on Your Home Loan
- May 14, 2022
- Posted by: Serres Property Finance
- Category: RBA Updates
The RBA raised the cash rate by 0.25 percentage points in May 2022, the first rise since 2010. All four major banks passed on the increase in full. Here is what it means for your home loan repayments, your borrowing capacity, and the steps you can take to manage the change.
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Over 55s Stamp Duty Exemption NSW: Save Up to $22,490
- July 5, 2011
- Posted by: Serres Property Finance
- Category: News
The NSW Seniors Duty Exemption extended the over 55s stamp duty exemption to buyers aged 55 and over, down from 65. Qualifying buyers of new properties under $600,000 can save up to $22,490 in stamp duty, though home loan options for older borrowers require careful planning.