Insider Residential Newsletter (September 2024)

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.