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Housing Affordability Australia: 2022 Crisis Explained
- June 1, 2022
- Posted by: Serres Property Finance
- Category: Property and Finance
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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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RBA Interest Rate Forecast 2022: Plan for Rising Rates
- May 10, 2022
- Posted by: Serres Property Finance
- Category: RBA Updates
The RBA is set to raise the cash rate for the first time in over a decade, with all four major banks forecasting a move in 2022. Variable-rate borrowers will feel the impact through higher monthly repayments, while property prices could fall 10-20% as borrowing capacity shrinks.
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RBA Interest Rate Forecast 2022: Plan for Rising Rates
- May 10, 2022
- Posted by: Serres Property Finance
- Category: RBA Updates
The RBA is set to raise the cash rate for the first time in over a decade, with all four major banks forecasting a move in 2022. Variable-rate borrowers will feel the impact through higher monthly repayments, while property prices could fall 10-20% as borrowing capacity shrinks.
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RBA Cash Rate Hold 2021: What It Means for Home Buyers
- April 7, 2021
- Posted by: Serres Property Finance
- Category: RBA Updates
The RBA held the cash rate at 0.10% in April 2021, keeping home loan rates near historic lows. While the central bank insisted no rate rise was coming before 2024, some economists were not so sure. Here is what the decision meant for home buyers and existing borrowers.
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Buying Property During a Recession: Pros, Cons and Tips
- December 5, 2020
- Posted by: Serres Property Finance
- Category: Property and Finance
Buying property during a recession can mean lower prices, less competition and more motivated sellers. But it requires stable income and careful preparation. Here is what Australian buyers need to consider before acting in a downturn.
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