News & Events
This Week In Property 22 October 2019
5 THINGS YOU NEED TO KNOW THIS WEEK - 22 OCTOBER 2019
Keep up to date with all the latest news from the Australian property market this week.
- If you’re hoping to snag a home loan, don’t use Afterpay. Mortgage brokers and credit score providers are warning that Afterpay payments are a black mark on mortgage applications, and should be avoided in the months leading up to asking a bank for a home loan.
- Speaking of banks, expect more scrutiny when applying for a loan after news this week that Australia is number two in the world for household debt levels, second only to Switzerland.
- Lendlease just sold Australia’s most expensive home, the top three levels of its yet-to-be-built One Sydney Harbour development, for $140 million. That’s the equivalent of more than 500 Thrive Homes!
- Hopefully the buyer of that penthouse hasn’t seen the latest CoreLogic property value data. It reckons 60 per cent of the off-the-plan apartments Sydneysiders moved into in August were worth less than their owners paid for them at settlement.
- By now, the majority of second-tier and non-bank lenders will have released their latest lending products following the RBA rate cut earlier this month. Have you spoken to a broker about who’s offering the best deals?
