Stay updated with breaking news from Victor Kumar. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
2022 is turning out different than what experts expected, as the emergence of Omicron throws a spanner in the property market’s works. In a market riddled with uncertainty, having a little ‘strategic patience’ can go a long way.
The COVID-19 era has frequently been described as “unprecedented,” and while many of the defining events of this time — as well as its ramifications on the property market — are without parallel, that doesn’t mean we can’t look to the past for some insight on how to proceed.
With Australia on the brink of fully emerging out of the shadows cast by COVID in 2021, it’s now officially open season for the property market. Will the current real estate trends buckle or boom under the “new normal” conditions?
The regulator now expects banks to assess new home loan applicants at rates that are at least 3 percentage points higher than actual loan interest rates.
Buyers are set to fast-track their purchases to avoid the new, tougher lending assessment that banks have been forced to use.