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Australia recorded a national vacancy rate of just 1.0% in June, according to SQM Research, which means the rental market is strongly favouring property investors.

The Australian Taxation Office has urged people to be vigilant about a new scam doing the rounds.

Large numbers of borrowers will soon be coming to the end of their fixed-rate period, with Commonwealth Bank alone revealing that $44 billion of fixed loans will expire this year, according to Canstar. Some media reports have suggested that borrowers in that situation should be worried, because their new variable interest rate is likely to be higher than their current fixed rate. However, there are four reasons not to panic:

Buyers are steadily shifting their attention from houses to units. In April, median prices rose 10.4% in annual terms for units and 18.6% for houses, according to CoreLogic – a difference of 8.2 percentage points.

The Reserve Bank recently increased official interest rates by 0.25 percentage points and has signalled more rate rises are on the way. But don’t panic. Instead, fight back.

National residential construction costs increased 9.0% over the 12 months to March 2022, according to CoreLogic’s Cordell Construction Cost Index.

The federal government has expanded its support to first home buyers and single parents, and has also released a new program for regional buyers.

Some interesting new data sheds interesting light on the eternal debate over whether to have a variable or fixed home loan. 

From 1 July 2020, 10,000 new places under the Australian Government’s First Home Loan Deposit Scheme (FHLDS) became available for the 2020-21 financial year.

Do you know about the different types of banking and lending options in Australia? Many people don’t but understanding the current landscape can help you choose a lender for your home loan that’s right for your needs.