A growing number of couples and families in Australia today are opting to buy a property as an investment in a more affordable suburb, whilst still continuing to rent in the suburb they wish to live in. This is known as rent-vesting. Many first homebuyers are doing this as a way to get a start on the property ownership ladder, with the added bonus of earning extra income at the same time. Whilst …
Australia’s strengthening dollar could affect fixed-rate mortgage repayments sooner than expected
In the RBA's first monetary policy announcement for 2021, it was predicted that the conditions for a rise in the interest rate wouldn't "be met until 2024 at the earliest". This statement gave many potential homebuyers added confidence about how much they could afford in terms of mortgage repayments. However, as pointed out by ANZ's Head of Australian Economics David Plank in this …
