Mortgage News

The SMH has stated that the RBA has projected that continuing house shortages quelling from low construction/council approvals in addition to our expanding population and strong economy will further cause an over demand. The only result would be upward pressure cost on homes for sale and rental properties until the population growth either subsided, economic growth steadied or building approvals increased substantially.

Simon Reibelt from Oasis Home Loans Northern Beaches said that the continuing outlook of this trend would result in current home owners to both experience increasing costs due to rate rises but strong property growth value. Anyone looking to enter the market faced increasing rental costs and higher benchmarks to meet to obtain property ownership.