Lower Interest Rates, Tighter Supply Lifts Home Prices

Lower interest rates, tighter supply lifts home prices

Australia's residential property market is being stoked by strengthening demand fuelled by lower interest rates and a tighter...

Upsizers drive house prices higher as interest rates fall

More buyers are looking for a detached home as interest rates fall. Photo: Michelle Kroll. Canberra apartment and townhouse owners are making their move to upgrade to detached houses as interest rates fall, helping to push house prices up 1.1 per cent in June. Cotality’s Home Value Index for June shows Canberra residential property overall rising 0.9 per cent but the standalone house is doing the heavy lifting, with units and townhouses up only …

Interest rate cuts push house prices up in June with more increases to come

'It's pretty hard to find a region where values are not rising.'

Canberra home prices nudge higher in June as market momentum builds

Canberra’s housing market continued to show resilience in June, with home prices rising 0.3% over the month, according to the latest PropTrack Home Price Index. Compared to this time last year, Canberra’s home values are up 0.5%, adding roughly $15,200 over the past 12 months. The city’s median home price now sits at $836,000. Houses drove much of the growth in June, increasing 0.4%, while unit prices edged up 0.1%. However, the market is still …

Barclays lowers remo rates to 3.93%, HSBC and Market Harborough lowers prices – Mortgage Finance Gazette

Barclays has made further rate reductions, following its cuts last week.  The bank has lowered its residential remortgage only five-year fixed at 60% LTV with a fee of £999 has decreased from 4.03% to 3.93%. The Premier five-year fixed at 60% LTV with a fee… The post Barclays lowers remo rates to 3.93%, HSBC and Market Harborough lowers prices appeared first on Mortgage Finance Gazette.

Remortgage activity reaches 15-month high in May

There were 41,500 remortgage approvals in May, a rise of 6,200 on the previous month and the highest level of remortgage activity since February last year, data from the central bank showed. The post Remortgage activity reaches 15-month high in May appeared first on Your Money.