© AAP 2008" target="_blank" style="font-weight:bold;">Investors and upgraders to raise house prices by 23 percent
Investors and upgraders are expected to push Australian property prices up by as much as 23 percent over the next three years, according to experts.
© AAP 2008" target="_blank" style="font-weight:bold;">Though still low, latest rate rise stings many home owners
Despite being well below last year's peak average variable of 9.6 percent, the rate hike may dampen the runaway property markets in Australia's mortgage belts, according to experts.
© AAP 2008" target="_blank" style="font-weight:bold;">Big four banks pass on rate rise
All of Australia's big four banks have increased their variable home loans after the RBA rate hike.
© AAP 2008" target="_blank" style="font-weight:bold;">With rate rise, new calls for refinancing
Following the Reserve Bank’s decision to lift official interest rates by 0.25 per cent to 3.25 per cent, industry experts are urging homeowners to refinance
© AAP 2008" target="_blank" style="font-weight:bold;">Banks to raise rates first
Federal Treasurer Wayne Swan has warned that retail banks may be forced to raise rates independent of any action by the Reserve Bank of Australia.
© AAP 2008" target="_blank" style="font-weight:bold;">Booming market as prices continue to rise
Property prices across Australia have jumped almost 6 percent this year and will continue to rise even in the country’s most expensive suburbs, experts said recently.
Fears of a property bubble in Australia are growing as the International Monetary Fund warns that house prices are overvalued by around 20 percent and the size of the average mortgage reaches an all time high.
Families could soon be forced to pay capital gains on their family homes, according to talk among goverment and industry representatives.
Canny investors should snap up luxury homes now, experts say, as prices wallow at up to 20 percent discounts in some suburbs.
Housing in every mainland capital city has become so expensive that teachers, police and other key workers cannot afford to live in the communities they serve, according to new research.