Silver lining: How a cooling property market is protecting borrowers
Four straight months of falling home prices across Australia may be a blessing in disguise for borrowers juggling mortgage repayments and the rising cost of living. Click to view:
The PropTrack Home Price Index shows the home price upturn is firmly entrenched and prices hit fresh record highs in many markets in October.
National home prices reclaimed 2022’s price falls in their entirety last month, with the upswing continuing in October as national home prices climbed 0.36% month-on-month to set another record, bringing them up 4.93% so far this year.
Four straight months of falling home prices across Australia may be a blessing in disguise for borrowers juggling mortgage repayments and the rising cost of living. Click to view:
A shift in investor behaviour in recent months suggests that tax changes in the federal budget are starting to have the intended effect. Click to view: