Wednesday, September 20, 2017

Perth is back to 2012 house prices

Perth house prices have dropped 8.5% in two years and the median house price is back to what it was in September 2012. In those five years, Sydney house prices shot up 75% and Melbourne went up 51%. So is now a time to buy? 

Monday, September 11, 2017

LIar Loans are a $500b problem in Australia

UBS has today expressed concern that up to a third of Australian mortgages could have been granted based on falsified information. They surveyed 900 borrowers last year and found only 67% of responders said that their mortgage was completely factual and accurate. 37% of those getting a loan via a broker said that it was the broker's suggestion to falsify parts of their application. Where people have set up previous loans, 46% found it easier to get their most recent loan compared to previously.

Tuesday, September 5, 2017

Corelogic shows 0/9% drop in Perth House prices in August

Now is the time to buy. That's what you will hear as the conclusion of the most recent announcement that Perth prices have dropped yet again in August. For a real estate agent, NOW is ALWAYS the time to buy. House prices have dropped 0.9% according to CoreLogic and 0.6% for units. Perth has slipped 2.6% in 2017 with Perth joining Sydney (0.1% drop) and Darwin (3% drop) while Melbourne soared 7.6% in the same period. 

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