Housing finance is sitting above decade averages in almost every area of Australia.

CommSec’s State of the States report says it is up by 37.8% in Western Australia, 32.3% in Queensland, 19.7% in South Australia, 14.6% in Victoria, 13.9% in NSW, 8.6% in Tasmania and 2.7% in the ACT. It is down by 7.1% in the Northern Territory.

PEXA’s latest Mortgage Insights Report says a total of 509,955 new property-related loans were issued in FY2024, a 6% per cent increase on the previous year while refinancing was down by 11.9%.

ABS monthly lending figures show investors are continuing to charge into the market. June lending indicators data show the total value of new investor loans was 30.2% year on year.

Brisbane’s median house price has been growing for the last year by $300 - $500 a day. And when the RBA starts cutting rates it is going create another wave. 

If you are looking for ways to maximise your purchasing power now so you beat the wave then you can either:

1) Book a call with me for a Free Maximiser session  Click here to go straight to my calendar to make a time; or

2) Get started today with a Finance Review.  Click here to get started

Click here for all the details on this property..

The population in Brisbane's North is expected to grow by 10,500 people a year out to 2041. Yet there were only 3,324 residential dwelling approved for the 2024 financial year of which only 2,368 were houses.  

With an average household size of 2.61 people this indicates an  shortfall of 1,824 of what is required.   

Given the median asking price is now $750,000 finding houses below $675,000 is pretty near impossible. Particularly in such a great location.

The latest monthly data shows Brisbane rose again by another 1.1% in July and is now up 16% for the year. 

The potential of a rate cut before Christmas is likely to trigger a wave of new buyers with increased borrowing capacity and confidence. So there may be a limited opportunity before prices jump again.
 

Click here for all the details on this property

Click here for the Report.

This suburb has experienced 13.8% price growth so far this year with still plenty of upside.

This high yielding property is 1km from local high school, 2km from shopping centre. There are multiple major employment hubs located within a 5km radius.

The potential of a rate cut before Christmas is likely to trigger a wave of new buyers with increased borrowing capacity and confidence. So there may be a limited opportunity before prices jump again.
 

Click here for more information

As soon as the CPI data was released the Aussie dollar dropped like a stone as did the long-term bond rates. With the market now pricing in a rate cut by Feb. And some economists not ruling out a cut this November.

On the flip side. According to Core Logic Brisbane’s median house price rose 1.1% to $873,987 in July and is now up 16% from this time last year.

If it maintains 1.1% a month then next month it will be $882,000 and in 12 months’ time it will be $986,000.

Or to think of it another way the house that you are looking at today which you think is overpriced is going up in value by $300 - $500 a day. Unless you can save faster than that you are going backwards everyday you delay.

This is all happening while rates have been at their peak.

If rates start coming down, this boosts everyone’s borrowing capacity.

Each 0.25% cut increases the average persons borrowing capacity by $20,000 - $30,000. So, if we get 3-4 rate cuts everyone is going to have an extra $100,000 to spend.

Note - some lenders have already quietly been cutting rates.

Based on the markets thinking this suggests there is maybe a 4-6 month window before you will be competing with a wave of new buyers with bumped up purchasing power.
 

If you are looking for ways to maximise your purchasing power now so you beat the wave then you can either:

1) Book a call with me for a Free Maximiser session  Click here to go straight to my calendar to make a time; or

2) Get started today with a Finance Review.  Click here to get started

Click here for the Report.

This is pretty unique. You are basically getting 2 x 4 bedroom houses for slightly more than the price of one. 
 

• New Duplex on Huge 1,806m2 block
• 4 + 4 beds
• 2 + 2 Bathrooms
• 1 + 1 garage
• Offering $170,000 plus uplift on completion
• Over 6% yield
• Initial holding deposit required - $1,000

Click here to get all the details

How to progress on this property
Click here to Book a call with me to discuss further

Greg Carroll
MTA Finance

Brisbane’s median house price will surpass the $1 million mark for the first time within the next three months and Perth will become a million-dollar city by June next year as their hot housing markets hit new peaks, Domain says.
 

Melbourne is also on track to hit a new high by the end of December if values continue to gain momentum.

Nicola Powell, Domain’s chief of research and economics said Brisbane and Perth will achieve their million-dollar milestones earlier than expected after their median house prices surged by 4 per cent and 6.6 per cent in just three months, respectively.
 

“Brisbane has similar housing dynamics as Perth, but it also has the large infrastructure spending ahead of the Olympics to support the housing market.”
 

In April, Domain predicted Brisbane could hit the million-dollar mark by the end of the year, but since then, prices have re-accelerated.

Over the past three months, Brisbane’s median house price has lifted almost $38,000 to a new high of $976,464. At this rate, the city only needs another $24,000 or 2.4 per cent increase to crack the $1 million mark.

If you are looking for ways to maximise your purchasing power so you you get into the market now then Book in with me for a Free Maximiser session to find out how you can boost your purchasing power and buy your dream home or investment property in the next 30 days. Click here to go straight to my calendar to make a time.

I look forward to being of help.

Greg Carroll
MTA Finance

This is why looking at things from more than one angle can make a difference.

I’ve just been reviewing the finance of one of my clients and have been able to bump up her purchasing power by 15% with one simple change.

The challenge is her income has been increased for some time with higher duties. She has been advised this will but ongoing, but it still waiting on her employer to issue the paperwork. Sound familiar?

Pretty much most lenders want to see pay slips which will reflect the higher duties. But without a formal letter confirming they will be ongoing they will only use the regular base income.

If we were in a flat or declining property market, No Problem. You would just wait until you had the letter then proceed. But in a market where prices are shifting up by 1-2% a month every day you delay is costing you.

The solution was to go with a lender who was happy to accept bank statements showing her pay being credited. As long as the credits are consistent the lender will use the net income shown for servicing.

She was also able to borrow above 80% without paying mortgage insurance. But that's another story.    

This is just another example of why just talking to one or two lenders can really limit your options. Which is why I work with over 40 different lenders. 

Are you looking ways to maximise your purchasing power? Then Book in with me for a Free Maximiser session to find out how you can boost your purchasing power and buy your dream home or investment property in the next 30 days. Click here to go straight to my calendar to make a time.

Brisbane has grown 1.2% in the last month and 15.8% over the year.

Given there remains an existing undersupply of housing, not enough new homes being built nationally to bridge the gap (only 183,000 last year compared to the 240,000 a year required) and an increasing population – particularly in Qld which seems to be the place everyone wants to live then that rise is unlikely to stop any time soon. Even if the RBA increases rates.

Even if the market only grows 10% over the next 12 months that would mean a property selling today for $700,000 will cost $770,000 this time next year.

Unless you can save at a faster rate than the market is growing then you will be going backwards each month.

This is the reality of a rising market.

If you are looking for ways to maximise your purchasing power so you you get into the market now then Book in with me for a Free Maximiser session to find out how you can boost your purchasing power and buy your dream home or investment property in the next 30 days. Click here to go straight to my calendar to make a time.
 

Greg Carroll
More Than Accountants