With the property market cooling in many parts of Australia, many people may be wondering if now is a good time to buy as either a first-home buyer or investor. Australia’s median property price fell 3.4% in the August quarter, according to CoreLogic, which could be either good news or bad depending on your perspective. … Read more
Australia’s state and territory building ministers have agreed to improve the energy efficiency of new homes. New homes will now have to achieve a seven-star Nationwide House Energy Rating Scheme (NatHERS) rating, up from the previous six stars. New homes will also have an annual energy use budget for their major appliances such as: Air … Read more
Australians turned to mortgage brokers in record numbers during the June quarter. Research group Comparator found brokers originated 68% of new home loans in the June quarter, compared to 32% for lenders. That was a record broker market share for the June quarter, and was significantly higher than the year before (59%) and the year … Read more
