Tango Loans 21/9/22 Tango Loans 21/9/22

Property listings trending up

More property listings are coming onto the market, which should give buyers more choice in 2022.

In November, another 96,346 properties were listed for sale, according to SQM Research. This was 2.3% higher than the month before and 20.4% higher than the year before.

Tango Loans 21/9/22 Tango Loans 21/9/22

Mortgage 'loyalty tax' rises

You might not realise that lenders often charge lower interest rates to new borrowers compared to existing customers.

Over the past year, as the graph from the Reserve Bank of Australia shows, this gap has widened.

George Findikakis 21/9/22 George Findikakis 21/9/22

Property myth gets busted

For the past year, the cash rate has been at a record-low 0.10%, with the Reserve Bank using ultra-low interest rates as a way to stimulate the economy during the pandemic.

But what will happen if and when the Reserve Bank raises the cash rate? Will it lead to a downturn in the property market?

Tango Loans 21/9/22 Tango Loans 21/9/22

Investor activity surges

Investor borrowing has increased for 11 consecutive months, according to the most recent data from the Australian Bureau of Statistics.

During those 11 months, the value of loans that investors signed up for jumped from $5.1 billion in October 2020 to $9.6 billion in September 2021 – an increase of 87.5%.