FHBA co-founder Daniel Cohen column for the Real Estate Institute of Australia on housing affordability Daniel was asked to write his column on the topic of housing affordability. Daniel decided to focus on Scott Morrison’s recent speach on housing affordability…
3 cities achieve auction clearance rate of 80% (or higher) For the November 5 – 6 weekend auction clearance rates were once again very high (compared to historical data) with three capital cities achieving a preliminary auction clearance rate of above 80%. Based on…
Yet another record weekend for Auctions October 22 – 23 saw a record preliminary auction clearance rate for the year so far. Auction volumes increase again this week as sellers look to take advantage of hot market conditions in most cities, while first home buyers can…
Chief executives from Australia’s big four banks will be appeared before a parliamentary committee last week to answer questions over controversies, scandals and limited rate cuts that have led to the Labor party calling for a banking Royal Commission during the election…
An analysis of house price and household income by Callam Pickering (a former RBA economist) has revealed that the gap has never been greater. In Pickering’s commentary, he went as far as saying it is almost ‘impossible’ for first home…
Auction clearance rates remain high They say buyers come out in Spring (from hibernating during Winter) and that certainty appears to be the case this year. According to CoreLogic RP Data, the headline preliminary auction clearance rate increased by 3% this week…
Over the last few years there have been many statistics that have confirmed the severity of the housing affordability crisis facing many young Australian’s across the country. This is a fact that has been confirmed again, this time by the data released by…
Strong Auction Clearance Rates Again The last weekend before Spring saw very strong auction activity again, with a preliminary auction clearance rate of 77% during the week ending August 28. There was also an increase of auctions held this week, with 2,113 registered auctions around…
How much of a deposit do I need to buy my first home? While it does vary from lender to lender, generally speaking, when buying your first home the minimum deposit (% of the property purchase price) is: 5% if…
An article published yesterday (23 August 2016) in the Australian Broker investigated the dwindling number of young first home buyers and whether Generation Y do, in fact, have it harder than any generation before them. FHBA Co-Founder Taj Singh spoke to…