Mortgage News

Property price expectations have all but flattened out, with experts convinced that new research data has shown Melbourne will be most affected followed by Sydney. SMH BusinessDay reported that the southern state will see a downgraded projected forecast of just 0.7 % growth over the next year, while Sydney will see only a 2% increase in property prices.

Simon Reibelt from Oasis Home Loans Northern Beaches said buyers have looked at the late continual rate rises equalling lesser affordability. This came in light of the latest weaker inflation figures.