In 2021, 11.6% of the first time homebuyers used crypto for their down payment.
Our bet it that with this new service by Propy and Coinbase the portion of homebuyers using crypto to buy real estate will become standard practice.
Thursday, October 24, 2024
Monday, September 16, 2024
We need to build tens of thousands of houses each year to solve the housing crisis
Housing Minister Clare O’Neil tells the ABC that the housing crisis in Australia has been a “generation in the making”.
To solve this crisis, the government have been looking to pass into legislation a number of programmes.
The standout programme is The Help to buy Scheme
The Help to Buy Scheme to act as the Bank of Mum and Dad and partner with 40,000 first home buyers who are key workers - teachers, train drivers, nurses.
This is an amazing programme where the government will partner with Key Workers to buy their first home.
It's a WIN WIN WIN .... The Labour Government supports this, so why doesn't the greens or the libs. This is one programme that should be bipartisan!!
It does not even have to be treated as an expense, as the government will recover this money, as they will be co-investing in Bricks and Mortar!!
Let's make this happen!!!!!
Housing crisis in Australia a ‘generation in the making’ (msn.com)
Monday, September 9, 2024
July 24 - investment Property Purchases are at near record levels - why?
According to the latest data from the Australian Bureau of Statistics. Property investor borrowing is close to record levels
January 2022 - $11.762 billion
January 2023 - $7.849 billion
July 2024 - $11.708 billion
That's an increase of 49.2%.
Why are so many investors entering the market? rising prices?
rising rents?
an expectation that interest rates might fall in early 2025?
a combination of the 3
Would you like to invest in a property
This year ?
In next 3 years?
Never ?
Give the team at bsifinance a call !!
#property #realestate #homeloans #distinctfinancial #mortgagebroker #mortgages
Saturday, August 10, 2024
Anna Porter from Sunrise shares 7 amazing tips ro help you with your mortgage!!!
Now is a great time to speak to a broker and look at your mortgage!
Anna Porter from Sunrise shares 7 amazing tips ro help you with your mortgage!!!
1. Get a better interest rate - refinance to another bank who may have a better deal
2 negotiate with your bank to pause payments for a while , while you get ahead
3. Airbnb your place while staying at your family for awhile!
4. Renting out a spare room
5. Convert garage into spare room to rent out
6. Share house with family and friends
7. Try pay an extra $100 dollars a week on your home loan and save $100s of thousands of dollars
Sit down with a financial planner to help you plan out your retirement
Tuesday, July 2, 2024
Is Australia becoming a population of renters?
Demand from existing homeowners and investors will continue over the next 10 years as a shortage of houses is expected to continue - as 130k migrants pour into Australia each year, writes Michael Bleby of the AFR. He points out that new loans to investor buyers rose 5.6 per cent in April, their fastest monthly rate since November 2021.
Although higher borrowing and construction costs have made new projects unviable for many developers , Emma Bray from Macromonitor expects housing starts to increase .
They have to!!
She says they estimate that housing starts lifted sharply from a forecast 162,000 this financial year (a 6.5 per cent decline from FY23), up nearly 12 per cent next year to 181,000, up 20 per cent in FY26 to 217,000 and a further 16 per cent to 251,000 in 2027.
So, who will buy these homes?
Investors or homebuyers?
It seems that Australia will become a renter society with young people and new migrants not being able to afford the Australian dream of home ownership .
https://www.afr.com/property/commercial/the-next-home-building-boom-is-coming-20240625-p5jonb
Demand from existing homeowners and investors will continue over the next 10 years as a shortage of houses is expected to continue - as 130k migrants pour into Australia each year, writes Michael Bleby of the AFR. He points out that new loans to investor buyers rose 5.6 per cent in April, their fastest monthly rate since November 2021.
Although higher borrowing and construction costs have made new projects unviable for many developers , Emma Bray from Macromonitor expects housing starts to increase .
They have to!!
She says they estimate that housing starts lifted sharply from a forecast 162,000 this financial year (a 6.5 per cent decline from FY23), up nearly 12 per cent next year to 181,000, up 20 per cent in FY26 to 217,000 and a further 16 per cent to 251,000 in 2027.
So, who will buy these homes?
Investors or homebuyers?
It seems that Australia will become a renter society with young people and new migrants not being able to afford the Australian dream of home ownership .
https://www.afr.com/property/commercial/the-next-home-building-boom-is-coming-20240625-p5jonb
Median household prices around Australia - June24
Australia's leading independent property economists Dr Andrew Wilson's latest Australian property report shows the performance of median house prices as of June 2024 between various major capital cities in Australia.
Perth topped the chart for the month, year, 1 year as well as 2 year with a whopping growth of 26.8% in the past 12 months!! Followed by Brisbane and Adelaide.
(Maybe catching up to Melbourne?))
Melbourne, Darwin and Hobart has been flat , with Sydney growing 5pc .
Where to from here?
Is the trend your friend?
Where is each market on the property clock?
If you want finance or preapproval - call www.Bsifinance.com.au
#housing #perth #landdevelopment #landsubdivision #brusbane #adelaide #finance #mortgage #bsifinance
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