The role of credit scores in asset financing
Credit scores play a critical role in determining your ability to secure financing for assets like vehicles, equipment or machinery. Lenders use credit scores to assess the risk of lending to a borrower. A higher credit score can open the door to more favourable financing terms, including lower interest rates and more flexible repayment options. […]
Six common refinancing traps to avoid
Refinancing your home loan can be a great way to save money, but it’s important to avoid common pitfalls. Understanding what your goals are and how refinancing can help is important, so you don’t fall into the trap of refinancing for no reason. Here are six traps to watch out for: Falling for the lowest […]
Melbourne’s housing prices fall to the sixth lowest among the capital cities
Melbourne’s housing market has experienced a significant shift in recent years, with its median dwelling value now ranking sixth-lowest among Australia’s capital cities, according to a leading property analyst. CoreLogic Australia Research Director, Tim Lawless, said Melbourne’s median dwelling value, at $776,000, now trails several other capitals. “At the onset of COVID in March 2020, […]
Five important steps before making an offer
Making an offer on a property for the first time is both exciting and nerve-racking. To be as prepared as you can, it’s important to take several steps to ensure you’re making a well-informed decision. Here are five steps to follow: Comparing the market Before making an offer, it’s crucial to understand the true value […]
New listings jump as Spring gets underway
Sellers have been out early this year, with new listings seeing a 6.6% jump as Spring selling gets underway. According to PropTrack, capital cities are seeing the most activity as Sydney, Melbourne and Canberra recorded the greatest number of new listings for August in over a decade. Overall, capital city listings were 1.6% higher year-on-year, […]
Rental market growth finally slows
Australia’s rental market boom appears to be nearing its end, with CoreLogic’s national rental index flatlining over the past two months after a steep 39% rise between August 2020 and June 2024. CoreLogic notes that this slowdown reflects the weakest rental conditions since the early stages of the pandemic. While annual rental growth reached 9.7% […]