Investors Surge Back: What It Means for First Home Buyers

Mortgage Broker Australia - Hunter Galloway

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Today we explore the latest developments in the Australian property market, including rising house deposit costs and new investor trends. We discuss the implications of delayed rate cuts by ANZ and increasing mortgage stress for homeowners. And also highlight new government incentives in Queensland, offering significant financial relief for first-home buyers.
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1. News Article on Mortgage Stress and Interest Rates www.news.com.au/finance/econo...
2. CoreLogic June 2024 Monthly Housing Chart Pack content.corelogic.com.au/l/99...
3. First Home Concession Increase Statement statements.qld.gov.au/stateme...
4. Reddit Discussion on Melbourne vs Brisbane / buying_in_melbourne_is...
5. Property Update on House Deposits in Each Aussie City propertyupdate.com.au/how-muc...
6. Australian Financial Review on Investor Rush www.afr.com/property/resident...
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Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000
Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.
Next steps and settling your first home
Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.
Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.
If you want to get started, please get in touch and we can book a time that suits you - either a phone call information session or a face to face meeting (which doesn’t cost anything for you).
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Hunter Galloway Finance Pty Ltd T/A Mortgage Broker Brisbane - Hunter Galloway ABN 20 605 252 926. Credit Representative 476903 is authorised under Australian Credit Licence 389328. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
00:00 Investors Surge Back: What It Means for First Home Buyers
00:34 Mortgage Stress Climbs amid inflation, interest rate pressures
06:34 Stamp duty changes for first home buyers
08:25 How Much You Need for a House Deposit in Each Aussie City
11:20 Investors Rush into Housing at Fastest Rate in More Than Two Years
12:45 CoreLogic June 2024 Monthly Housing Chart Pack
18:35 Buying in Melbourne is Cheaper than Brisbane
22:00 Conclusion

Опубликовано:

28 июн 2024

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Комментарии : 22

@AveryFossen 8 дней назад

Back in the day, when I purchased my first home to live-in; that was Sydney in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@fadhshf 8 дней назад

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@LucasBenjamin-hv7sk 8 дней назад

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@hasede-lg9hj 8 дней назад

@@LucasBenjamin-hv7sk Impressive can you share more info?

@LucasBenjamin-hv7sk 8 дней назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@KarlyNoorda 8 дней назад

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

@crazyham 7 дней назад

What percentage of home owners actually have a mortgage ? What percentage of home buyers actually require finance? These figures reflect a lot on the effect of a changing cash rate on house prices.

@Evelynmay88 6 дней назад

6:20 amazing point! How many Aussies find it easier to spend their deposit on travelling overseas. It’s already hard to save with the myriad of cost of living but it’s postponing security in shelter. The priority is to secure a property with a deposit. House and land is the best option for first home buyers.

@MortgageBrokerAustralia День назад

Thanks for sharing your thoughts. You’ve hit the nail on the head! Saving a deposit can be extremely challenging which is why most people give up. But shelter and security should definitely be top priority!

@AbhiKen-np9pn 8 дней назад

the rate cuts and electricity rebate is a joke, we received an increase in electricity rates notice from our power provider as soon as the govt announced the power rebate.

@dekumutant 5 дней назад

Meh, it's more than I've gotten from the federal Gov in over a decade. Not to mention I'm actually getting a tax cut now thanks to them

@Mikeydawson 8 дней назад

Be interested on your take of the vic govt pushing landlords to pay more ie land tax and proposed energy efficiency law, and Moreland council wanting to charge investment properties more rates to make landlords sell, I think many properties will go for sale this pushing up rents with less stock or charges being passed onto renters.

@crazyham 7 дней назад

When we consider cash sales vs mortgage based sales we are also working in differing quartiles. Here is an estimate : Cash sales: approximately $123.84 billion per year vs Mortgage-based sales: approximately $220.16 billion per year So, mortgage-based sales account for about $96.32 billion more than cash sales each year ($220.16 billion - $123.84 billion). Keep in mind that these figures are estimates based on 2020 data and may have changed since then. You are competing with people that don't have to worry at all about the cash rate.

@crazyham 7 дней назад

it's mind blowing how many cashed up people are in our market . If you look at my previous comments, you will see that almost 1 in 3 don't have to worry about the cash rate.