Great news for buyers, with more property listings coming onto the market this spring. Here’s what else is making news right now:
- Borrowing passes $30bn mark
- 5 common car loan mistakes
- Home values rise another 0.5%
- Govt helping property buyers
Home loan borrowing has increased for seven consecutive months, reflecting an increase both in the number of buyers and their average loan size.
Most people have a positive experience when they take out a car loan. Sometimes, though, borrowers unwittingly put themselves in an uncomfortable position by making some of these mistakes:
- Not understanding your finances
- Not focusing on life-of-loan costs
- Not checking your credit report
- Not getting a pre-approval
- Not using a broker
The property growth cycle is continuing for now, but appears to be closer to the end than the beginning.
Australia’s median property price rose 0.5% in August, which was the 19th consecutive month of expansion.