Home values in several areas bounced last month as interest rates fell,improving sentiment and borrowing power. Will it last?
High property prices mean potential home buyers are already asking about ways to make their repayments more affordable,and lenders have noticed.
The Sydney home owner and all his peers have been waiting and hoping for rates to fall,and on Tuesday they got their wish.
Even if the cash rate doesn’t fall on Tuesday,cuts are widely tipped this year – and some punters are already trying to get ahead of the curve.
Potential home buyers can’t borrow as much money,but that didn’t push house prices down everywhere. It has sometimes proved the opposite.
Despite the effect of higher-for-longer interest rates and already high property prices,a new forecast picks the top performers.
Tree-changing,downsizing,moving back in with parents – even households on solid professional incomes can no longer keep up with mortgages.
Home buyers are showing fresh signs of eagerness to purchase,especially if they think any interest rate cut will push up prices.
Would-be home buyers have been hit by a lose-lose situation since interest rates began to rise and future cuts may not act as previously expected.
Prospective home buyers’ pessimism about whether the current moment is a good time to buy has dropped to its lowest level since the start of 2023. But are they right?