Keeping up with real estate news? Here are five things you shouldn't miss:
1. House price growth set to ease to its slowest pace since 2012.
While the house price growth is set to its slowest pace since four years, according to a report on Monday by property specialist SQM Research, rental markets across the country declined by deflationary pressures and the end of the mining boom.1
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2. Read the latest RBA view on the property market.
The risks surrounding housing and mortgage markets seem higher than average at present. Lending standards appear to have been somewhat weaker around the turn of this year and risks have been growing in commercial lending related to property, which historically has been a common source of financial instability both domestically and abroad.
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3. RBA says housing market may be slowing.
The central bank recently pointed to "tentative" signs of a slowdown, citing slower price growth, a run of weaker auction results, and a turn in sentiment.2
4. Properties Under $300,000 for Downsizers, Investors And First Home Buyers.
This five acre paradise comes with a dam and resident roos. It's also only 15 minutes to the CBD. Click here to see it.
Click here to see properties under $300,000.
5. Westpac Increases Interest Rate.
Westpac is increasing all of its variable home loan interest rates by 0.2% starting November 20. The change will increase headline owner-occupier rates to 5.68%, and investor rates to 5.95%. The move was blamed on rules forcing banks to hold larger loss-absorbing capital buffers.
Read more here.
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