Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Mortgages

<html><body>
AFG, Australia's largest mortgage broker, processed $5.2 billion in home loans last month - it's biggest month in the 21 years it has been in business.
Investor activity in NSW and VIC drove the strong figures.
The $5.2 billion figure represents a 29% increase on March 2014.
AFG estimates it has approximately 10% of the total mortgage market.
Volumes were particularly strong in NSW which recorded a 47% increase on March 2014 ($1.9 billion processed) and Victoria, where a 30% greater volume was processed ($1.2 billion).
Increases reported for other states were SA (23%), QLD (16%) and WA (11%).
Property investment nudged to a new record high of 41.7%, driven by especially strong activity in NSW, where 52.9% of all mortgages were processed for investors.
This investor loan figure compares with 37.7% in SA, 36.7% in Victoria, 33.6% in WA and 33.3% in QLD.
Mark Hewitt, the general manager of sales and operations says what happened in March was "really the story of Sydney and Melbourne".
"Volumes in other cities were strong but unspectacular," said Hewitt.
Fixed rate loans comprised 14.2% of the mortgage mix, with 68.8% of borrowers opting for standard variable loans.
Loan to value ratios (LVRs), loans stated as a proportion of the value of a property, remained steady at 67% nationally, relatively lower in NSW (64%) than in Victoria and WA (71% in both cases) on account of the typically higher levels of equity provided by investors seeking loans.
First home buying continues at very low levels – 7.4% nationally – especially low in NSW where first home buyers comprise just 2.4% of new borrowers, SA (4.6%) and QLD (5.0%.
</body></html>

jchancellor-FAypfDUnLy

AFG processes $5.2 billion in March loans - but just 2.4% to first home buyers

<html><body>
Mortgage settlement activity increased by 20% last year as home owners took advantage of low interest rates to refinance their loans and upgrade their properties.
Key players in the home lending industry who participated in the Deloitte Australian Mortgage Report for 2015, which made that finding, unanimously expected refinancing and upgrading activity to continue be the primary driver of the market over the next three years.
The panellists forecast loan settlements would increase by a further 6 to 10% in 2015. Deloitte financial services lead Kevin Nixon said the record $33.2 billion of home finance commitments in December 2014 would boost the industry’s confidence in the prediction.
Despite the strong increase in settlements, the fact that many new loans refinanced existing mortgages meant overall credit growth was more constrained at around 7%.
“Credit growth over recent years has been lower than historical levels,” said Macquarie Bank head of intermediary banking Frank Ganis, who participated on the report’s panel. “Lending growth has been in refinances, with new lending at lower levels of around 3 to 4%. The market has also seen an increase in demand by investors.”
Local investors would be the second biggest borrowers in 2015, the panellists believed, although they commented that first home buyers who bought for investment could be concealed within that category.
“It is a worry as there is a hidden amount of first home investors that don’t get captured as first home buyers when you look at the official statistics,” ANZ’s Bill Armour said in the panel discussion. “The risk is that they classify anyone who has said they’re an investor as a non-first home buyer and as such are somewhat demonised as driving house prices up, but actually they are just savvy young people who have figured out a way to enter the market.”
The research also revealed that buyers were typically better informed about their mortgage options than they had been in the past.
click to open in new window:
<a href="/images/2015/03/27/zoe-mar-27-one.jpg" target="_blank"><img src="/images/2015/03/27/zoe-mar-27-one.jpg" alt=""></a>
While borrowers were still most concerned with interest rates when they were choosing a mortgage, product features such as repayment flexibility and switching, online access to accounts and applications, and information and customer service were also important.
“[Lenders] don’t have to be the cheapest but [they] do have to be competitive and be seen to go the extra mile for the consumer,” said Deloitte financial services partner James Hickey, who lead the research.
Mortgage brokers were expected to increase in importance, although panel participants thought the role of brokers would change as technology evolved.
“As direct online applications start to emerge you will see some customers use that channel, which is good for choice,” said panellist, ME Bank’s Angela Middleton. “But there will always be an important role for brokers to have a face to face with customers, particularly customers who wish to better understand the product and get more information about what is available and what’s best for them.”
Panellists commented that few people felt comfortable enough with mortgage borrowing that they were prepared to go through the entire process online without assistance.
</body></html>

zfielding-GvX3Uq9KTa

Low interest rates prompts 20% rise in mortgage settlements: Deloitte

<html><body>
GUEST OBSERVATION
Reverse mortgages are a way to release the equity in a home, which is an important component of wealth for many Australians.
Such mortgages have been proposed by the <a href="https://fsi.gov.au/">Financial System Inquiry</a> as a way to support the dissipation of wealth by retirees and boost the efficiency of Australia’s financial system.
The following chart shows the stark increase in mortgage lending by Australian banks since the global financial crisis (GFC). <a href="https://theconversation.com/australian-banks-are-too-exposed-to-mortgages-but-what-if-the-world-was-flat-31000" target="_blank">Australian banks hold approximately $1.3 trillion in mortgages.</a>
<a href="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/76264/area14mp/image-20150327-16112-131rvgy.jpg"><img src="https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.com/files/76264/width668/image-20150327-16112-131rvgy.jpg" alt=""></a>
Mortgage loans provided by Australian banks (Authorised deposit-taking Institutions) Australian Prudential Regulation Authority
Reverse mortgages have matched this growth in relative terms but remain at the margin, with a total exposure of A$2.9 billion (see the line at the bottom of the chart), far below standard mortgages and higher risk loans such as interest-only and low-documentation loans. Despite this growth in volume, the number of lenders has shrunk over time. According to the Financial System Inquiry, more than 15 lenders existed before the GFC but just five remain today.
Why are mortgages so popular and reverse mortgages not so, despite an ageing population with many billions of home equity waiting to be released?
How reverse mortgages work
A reverse mortgage allows homeowners to access a lump sum or an annuity, using their home as collateral. The benefit of reverse mortgages is that borrowers often continue to live in the property until they die. The decision to sell a house is often an emotional one and can be avoided with this product because the loan may be repaid from the sale of the house after death.
Reverse mortgages may also be used to fund outgoings or, in aged care, accommodation bonds that are typically in the hundreds of thousands of dollars.
Alternatives exist: Australians who wish to access home equity often prefer to sell the home and buy or rent a smaller one. This decision may trigger costs such as capital taxes and other fees but may also have merits, as retirees move into a home of the space and standard they require. Free cash may then be converted into annuities, funding a monthly income for instance.
How does a reverse mortgage differ from a standard mortgage?
In a reverse mortgage, the loan amount increases over time, up to a limit, as the borrower draws on the line of credit. The loan amount grows further as interest is added to the outstanding sum. As borrowers often have limited other assets and income with which to repay the loan, and if they enjoy a long life, the loan amount can quickly compound to unexpected levels.
To protect consumers (covered by the National Consumer Credit Protection Act), legal and financial advice via standardised calculators must be provided to customers for these products. In addition, banks provide a “no negative equity” guarantee, which means the loan amount cannot exceed the property’s value.
Finally, interest rates are generally higher than for standard home loan products due to less competition in this sector and higher risks for the lender. In this part of the market lenders tend to provide no more than 50% of a property’s value while standard mortgages tend to be around 80% of value - higher if mortgage insurance is used.
What are the risks for lenders?
The no negative equity guarantee may result in losses if loan amounts exceed property values. Despite generous collateral buffers, this can happen in a number of ways. First, home prices may fall. It is not unreasonable in financial markets to see drops equivalent to prior rises.
In addition, home owners have a right to live in the property and repayment occurs only after death. If a borrower enjoys a long life after taking out a reverse mortgage, or if the loan amount accrues at a higher rate than house prices the lender can be caught by the no-negative-equity guarantee. Longevity risk is very difficult to assess as it requires predicting life expectancy.
Longevity risk is also subject to adverse selection. Unlike in life insurance, it is healthy consumers who are likely to be keen on reverse mortgages.
In addition, the limited number of reverse mortgages makes it difficult for banks to do their risk analysis. Lenders condition the loan amount on the age of borrowers (the older, the larger the possible loan amount).
Borrowers also have prepayment options and may refinance and prepay a reverse mortgage if they find a cheaper lender, exposing the original lender to further risk.
Another aspect is that once the negative equity threshold is reached the borrower has no further financial incentive to maintain the property, which could result in a further depreciation of the property value.
How to promote home equity release
Home equity release is positive for the efficiency of the Australian economy and in line with our concept of retirement. In the US the government provides no-negative-equity guarantees to take some risk off the lenders and support this market.
The Australian government might not be prepared to indemnify the industry for risk. However, the development of such markets could be supported with more general measures.
Firstly, <a href="https://theconversation.com/reverse-mortgages-need-a-rethink-if-theyre-the-new-age-pension-26433" target="_blank">homes may be further recognised in the means test that determines the age pension.</a> Such a measure may better match the needs of the population.
Secondly, a big industry concern is the limited availability of risk transfer solutions, such as derivatives and securitisation structures, which would allow banks to reduce both house price risk and longevity risk, at reasonable cost. It is difficult for banks to hedge or transfer longevity and house price risk. This is something of a catch-22 for the sector - only more equity release may lead to more risk transfer solutions and vice-versa.
Harry Scheule is associate professor, finance, UTS Business School at University of Technology, Sydney.
This article was originally published on <a href="https://theconversation.com" target="_blank">The Conversation</a>.
</body></html>

po-LsXgBTHBmX

Ageing population calls for more reverse mortgages: Harry Scheule

<html><body>
Mortgage broker, N1 Finance &amp; Lease, has launched Australia's first Mandarin-language mortgage comparison website, chengdai.com.au.
The website, written by N1 Finance brokers, offers home loans from more than 30 lenders.
N1Finance's Sydney based managing director, Ren Wong said the website would initially target the estimated one million local Chinese in Australia.
"Initially the website is likely to attract 400 unique visitors per month but is expected to grow quickly with approximately one million people from a Chinese heritage residing in Australia," he said.
<a href="https://chengdai.com.au" target="_blank">The website</a> cannot be accessed in China.
Global property website Juwai.com suggest around 40% of foreign Chinese buyers borrow when buying offshore property.
</body></html>

Mandarin-language mortgage comparison website launched in Australia

<html><body>
First home buyers are increasingly resorting to personal debt to fund their home deposits, according to the 10th edition of the Genworth's Streets Ahead Homebuyer Confidence Index.
Of those surveyed by Genworth, 46% of first home buyers who took out their loan in 2009 used sources other than savings for their deposit. In 2014, that figure had risen to 57%.
Genworth research shows that average deposit sizes for first home buyers has remained stable from 2009 to 2014, but the proportion of first home buyers who took more than three years to save their deposit decreased, from 36% in 2009 to 27% in 2014.
While a greater proportion of first home buyers are now relying on inheritances to fund their first home deposit than they did, more first home buyers are also relying on personal loans or credit card debt, as shown in the chart below.
Click to open in new window
<a href="/images/2015/03/27/fhb-mar-27-one.jpg" target="_blank"><img src="/images/2015/03/27/fhb-mar-27-one.jpg" alt=""></a>
In the five years to 2014, the proportion of first home buyers who used personal loans for their deposit increased from 4% to 15%, while the use of credit cards for deposits rose from 1% to 10%.
"This combination of reduced time spent acquiring deposits and an increased proportion of non-savings sources suggests that house price appreciation over the past few years may have driven an increasing number of FHBs to abandon their goal of saving a deposit and look to alternative sources of funding," the report reads.
Genworth also noted that first home buyers are generally more willing to pay lenders mortgage insurance (LMI) and take on greater loan to value ratios for their first purchase.
Only quarter of today's first home buyers surveyed by Genworth have deposits of more than 20%, while 33% of current mortgagors had a 20% or higher deposit when they bought their first home.
"This is indicative of a trend towards accumulating lower deposit sizes as property prices rise," reads the report. As such, Lenders Mortgage Insurance (LMI) plays an important role for FHBs struggling to save a 20% deposit. Of respondents surveyed in March 2015, 61% of FHBs used LMI compared to 40% of Mortgagors."
</body></html>

jrichardson-uRX5hFdKfN

First home buyers turning to personal debt to fund deposits: Genworth

<html><body>
Over the second half of 2014 capital city home sales fell, with the decline in-line with a softening in growth in home values. Interest rate cuts in 2015 may result in a rebound in sales activity this year.
Based on CoreLogic RP Data’s estimates of residential sales transactions to December 2014, there were 471,932 dwelling sales nationally. Despite the growing trend to more units being constructed, house sales still account for the overwhelming majority of sales. 
Over the year there were 339,902 house sales (72% of all sales) and 132,030 unit sales. Based on these figures, house sales were 0.2% higher over the year unit sales were -6.4% lower. Keep in mind that although we attempt to estimate for off the plan unit sales, they are likely to be revised higher as they settle. The settlement period for off the plan unit sales can take more than 12 months as the project is constructed. Off the plan sales ultimately get recognised at their contract date upon settlement.
 
Rolling annual dwelling sales, Nationally
<img src="/images/2015/03/23/rp-mar-23-one.jpg" alt=""> 
 
If we take a look at the capital city housing markets we see similar trends. Over the 12 months to December 2014, there were 218,479 house sales and 99,707 unit sales.
Compared to annual sales in 2013, combined capital city house sales were 2.8% higher while units were -7.0% lower resulting in a -0.5% overall fall in capital city sales.While at a national level house sales accounted for 72% of all sales, across the capital cities they accounted for a lower 68.7%. Again, we may see the number of unit sales revise higher as off the plan settlements take place.
 
Rolling annual dwelling sales, Combined capitals
 
<img src="/images/2015/03/23/rp-mar-23-two.jpg" alt="">
The trend both at a national and combined capital city level was that the number of sales fell away over the second half of 2014. The same trend was noted in terms of home value growth. After the annual rate of capital city home value growth peaked at 11.5% in April 2014, the rate of growth slowed to 7.9% annual growth by the end of 2014. Value growth has re-inflated over the first two months of 2015 and the recent interest rate cut may also contribute to faster growth, this is also likely to result in a rebound in sales transactions.
Across the individual capital cities, the number of house sales was higher in 2014 than in 2013 across most cities. The exceptions were the markets where value growth has slowed most markedly in 2014; Perth (-9.4%), Darwin (-4.8%) and Canberra (-2.7%).
Elsewhere, house sales have increased by 3.4% in Sydney, 5.1% in Melbourne, 8.9% in Brisbane, 6.9% in Adelaide and 8.0% in Hobart. Although house sales were generally higher in 2014 than in 2013, most cities have seen an easing in transactions over the second half of 2014 with Melbourne and Hobart the only cities where sales volumes have continued to trend higher.
 
Rolling annual house sales, major capitals
 <img src="/images/2015/03/23/rp-mar-23-three.jpg" alt="">
Turning to the unit market where across the combined capital cities the number of sales has actually fallen over the past year. Across the individual cities, only Melbourne (1.0%), Adelaide (5.7%) and Darwin (24.2%) recorded an increase in transactions over the year. Elsewhere, unit sales fell -13.8% in Sydney, -2.6% in Brisbane, -16.1% in Perth, -1.0% in Hobart and -14.5% in Canberra. 
 
Rolling annual unit sales, major capitals
 <img src="/images/2015/03/23/rp-mar-23-four.jpg" alt="">
It is also interesting to look at the proportion of house sales across each city. It shows that units are much more prevalent across the east coast capital cities as well as Darwin and Canberra. Over the year, the proportion of total sales that were houses across the capitals were recorded at: 60.8% in Sydney, 68.9% in Melbourne, 70.3% in Brisbane, 75.9% in Adelaide, 82.6% in Perth, 77.1% in Hobart, 62.1% in Darwin and 59.9% in Canberra.
The sales volume data also reveals that despite ongoing strong rates of population growth and buoyant housing market conditions over recent years, the number of dwelling sales has not risen by a commensurate amount, with the number of sales well below what was recorded over previous growth periods. 
Across the individual capital cities, the peak in annual sales were recorded at: April 2002 in Sydney (136,925), December 2007 in Melbourne (105,264), September 2003 in Brisbane (74,941), January 2008 in Adelaide, May 2006 in Perth (56,850), October 2003 in Hobart (7,425), July 2006 in Darwin (4,469) and June 1992 in Canberra (13,655).
Across all cities, the number of home sales over the past year has been significantly lower than these peaks. This suggests that for one reason or another, despite a higher population, a smaller proportion of people are buying and selling homes.
The high entry and exit costs of homes in Australia are likely the major reason, the two biggest costs are stamp duty and agent commissions both of which are higher as home values increase as they are levied off the purchase (stamp duty) and sales (commission) prices. Other factors might include less participation from first home buyers and the high rate of savings where more households are focussing on debt reduction.
 
Annual house and unit sales, year to December 2014
 
<img src="/images/2015/03/23/rp-mar-23-five.jpg" alt="">
Sales volumes eased over the second half of 2014 in-line with a slowing of home value growth. With mortgage rates moving lower in February 2015 and expected to reduce further during 2015, there may also be a rebound in sales activity. Despite a potential rebound, transaction volumes are likely to remain below historic peaks.
</body></html>

ckusher-ujnxiKuFQs

Will lower mortgage rates reinvigorate the taper in dwelling turnover? Cameron Kusher

<html><body>
The Australian Bureau of Statistics (ABS) released housing finance data for January 2015 this week. 
This data represents the first full month of lending-based results after APRA’s recommendation to Australian Authorised Deposit-taking Institutes (ADI’s) reinforcing sound residential mortgage lending benchmarks. <img class="aligncenter size-full wp-image-4377" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Chart-11.jpg" alt="Chart 1" width="500" height="186"> Over the month the total value of housing finance commitments fell by -0.6% across both the owner occupier and investor segments of the market. The value of housing finance commitments has increased by 12.8% year on year. 
Taking a look at the breakdown between the owner occupier and investor segment of the market, it is clear that most of the strength is coming from investors. The value of owner occupier housing finance commitments fell by -1.0% over the month and investor lending recorded a fall of -0.1%. 
Despite the monthly fall in lending, the value of housing finance commitments was 7.1% higher year on year to owner occupiers and 22.1% higher to investors. <img class="aligncenter size-full wp-image-4378" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Chart-21.jpg" alt="Chart 2" width="500" height="182"> The proportion of total lending to investors reached an all-time high in January 2015. Over the month, 41.4% of the value of all housing finance commitments was to investors. 
In comparison, a record low 39.1% of the value of housing lending was to owner occupiers for new loan purposes and 19.5% was to owner occupiers for refinances. If we look solely at the value of new lending (excluding refinances) investor lending hit a record high 51.4% of all new lending in January 2015. <img class="aligncenter size-full wp-image-4379" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Chart-31.jpg" alt="Chart 3" width="500" height="180"> Focussing on the owner occupier segment of lending, $17.7 billion was lent in January down from $17.9 billion in December. Across the segment: $1.8 billion was lent for construction of new homes, $0.9 billion for the purchase of new homes, a record high $5.9 billion for refinances and $9.1 billion for purchase of established homes.
 Month on month, housing finance commitments for owner occupiers fell by -2.6% for construction of new homes, -5.4% for the purchase of new homes, +1.8% for refinances and -2.0% for purchases of established dwellings. year on year, the strength in the owner occupier segment has largely been from refinances which have increased by 28.5%. Across the other segments, construction of new homes were up +1.5%, purchase of new homes are -7.2% and purchase of established homes are -0.9%.
The data indicates that much of the activity across the owner occupier segment of the market is coming from refinances as home owners shop around for a better deal or prepare to withdraw some of their equity which would feed into the strength of the investment segment. <img class="aligncenter size-full wp-image-4380" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Chart-41.jpg" alt="Chart 4" width="500" height="183"> Turning to the investment lending segment, $12.5 billion was lent in January which was slightly lower than investment lending in December. Over the month there was $0.8 billion in commitments for construction of new dwelling and $11.7 billion for commitments to existing homes showing that investor lending is largely going to existing homes with lending to that segment almost 14 times greater than lending for new construction. Over the month, investor commitments for new construction fell -18.8% compared to a 1.6% increase in lending for purchases of existing homes.
year on year, the value of commitments for construction of new dwellings is 85.1% higher while investor lending for established homes has increased by 19.1%. The data shows that despite lending to investors is surging, a relatively small amount of this lending is contributing to new housing stock being constructed. <img class="aligncenter size-full wp-image-4381" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Chart-51.jpg" alt="Chart 5" width="500" height="181"> Turning to the first home buyer segment of the market, the number of owner occupier first home buyer commitments fell sharply in January. It should be noted that this data series is not seasonally adjusted. Over the month there were 5,961 commitments which was -26.4% lower over the month and -14.4% lower year on year. As a proportion of all owner occupier housing finance commitments, investors accounted for 14.2% of commitments in January. 
Based on this data, the level of first home buyer participation in the market remains extremely low, however a weakness of the ABS data set is that it doesn’t identify first home buyers that are purchasing as investors. Anecdotally, it appears that many first time buyers are choosing to purchase an investment property rather than a principal place of residence. <img class="aligncenter size-full wp-image-4382" src="https://blog.corelogic.com.au/wp-content/uploads/2015/03/Mortgage-Index.jpg" alt="Mortgage Index" width="500" height="181"> The CoreLogic RP Data Mortgage Index measures activity across CoreLogic RP Data’s mortgage platforms each week. The activity is highly correlated with housing finance data and as the above chart shows, activity has surged over recent weeks. Based on this data, it suggests that despite the Christmas / New Year slowdown there has been no sustained slowdown in mortgage demand. Given this we would expect a rebound in housing finance commitment over the coming months.
Following the letter from APRA to Australian ADI’s in December we have seen a slight easing in housing finance commitments however, it is too early to suggest the two are related. Investor activity remains very strong and for the first time on record we have seen six consecutive months in which lending to investors is greater than lending to owner occupiers for new loans. Investors are largely purchasing existing homes which does little to contribute to new housing, although the value of commitments to investors for new construction has risen sharply over the past year. The owner occupier segment is largely being driven by refinance activity as borrowers shop around for better deals on their mortgage and prepare to re-invest some of their equity.
Over the coming months it will be important to monitor if the new guidelines from APRA and the ramping up of their surveillance of mortgage lending has much of an effect on demand. We would suspect that the high level of competition in the mortgage market is likely to result in minimal change across the board. While some individual lenders may have to tinker with their lending policies, borrowers have many other banks to choose from if one borrower cannot provide the type of product they are looking for.
</body></html>

Housing finance eases but lending to investors soars to an all-time high: Cameron Kusher

<html><body>
Canberra ranks as the best place to buy a property and still have enough disposable income to have a life, according to calculations by comparison site Mozo.com.au.
But you most likely have to become a public servant to be on the salary to afford the housing.
"When looking at the average after tax salary and the average mortgage repayment in each capital city, Canberra comes out on top with a handy $3,271 leftover to cover expenses and ‘having a life’ each month," Mozo director Kirsty Lamont said.
"Canberra’s high average salary, combined with its relatively low property prices (averaging $510,000) means you’re left with more cash than any other city.
"Canberra is closely followed by Perth then Hobart as the next most “property and lifestyle friendly” cities, with homeowners having around $3,000 leftover each month."
Perth has the nation’s second highest income to help pay down the mortgage and while Hobart has the lowest average income of its national counterparts, it enjoys the lowest property prices – with the average monthly mortgage repayment half of Sydney’s.
<table style="width: 460px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="96">
City
</td>
<td width="101">
Avg monthly salary (Net)
</td>
<td width="85">
Avg monthly mortgage repayment
</td>
<td width="50">
% of income
</td>
<td width="94">
What’s leftover
</td>
</tr>
<tr>
<td valign="top" width="96">
1.   Canberra
</td>
<td valign="top" width="101">
$5,651
</td>
<td valign="top" width="85">
$2,380
</td>
<td valign="top" width="50">
42%
</td>
<td valign="top" width="94">
$3,271
</td>
</tr>
<tr>
<td valign="top" width="96">
2.   Perth
</td>
<td valign="top" width="101">
$5,572
</td>
<td valign="top" width="85">
$2,380
</td>
<td valign="top" width="50">
43%
</td>
<td valign="top" width="94">
$3,192
</td>
</tr>
<tr>
<td valign="top" width="96">
3.   Hobart
</td>
<td valign="top" width="101">
$4,410
</td>
<td valign="top" width="85">
$1,571
</td>
<td valign="top" width="50">
36%
</td>
<td valign="top" width="94">
$2,839
</td>
</tr>
<tr>
<td valign="top" width="96">
4.   Brisbane
</td>
<td valign="top" width="101">
$4,966
</td>
<td valign="top" width="85">
$2,131
</td>
<td valign="top" width="50">
43%
</td>
<td valign="top" width="94">
$2,835
</td>
</tr>
<tr>
<td valign="top" width="96">
5.   Adelaide
</td>
<td valign="top" width="101">
$4,641
</td>
<td valign="top" width="85">
$1,914
</td>
<td valign="top" width="50">
41%
</td>
<td valign="top" width="94">
$2,727
</td>
</tr>
<tr>
<td valign="top" width="96">
6.   Darwin
</td>
<td valign="top" width="101">
$4,957
</td>
<td valign="top" width="85">
$2,474
</td>
<td valign="top" width="50">
50%
</td>
<td valign="top" width="94">
$2,483
</td>
</tr>
<tr>
<td valign="top" width="96">
7.   Melbourne
</td>
<td valign="top" width="101">
$4,791
</td>
<td valign="top" width="85">
$2,404
</td>
<td valign="top" width="50">
50%
</td>
<td valign="top" width="94">
$2,387
</td>
</tr>
<tr>
<td valign="top" width="96">
8.   Sydney
</td>
<td valign="top" width="101">
$5,069
</td>
<td valign="top" width="85">
$3,174
</td>
<td valign="top" width="50">
63%
</td>
<td valign="top" width="94">
$1,895
</td>
</tr>
<tr>
<td colspan="5" valign="top" width="426">
Source: <a href="https://www.Mozo.com.au" target="_blank">Mozo.com.au</a> as at 9/3/15
</td>
</tr>
</tbody></table>
“If you look at the proportion of salary going towards a mortgage, Hobart (36%), Adelaide (41%) and Canberra (42%) are the three cities having to put the least of their income towards repayments,” said Lamont.
“Big property prices mean big mortgages and Sydney and Melbourne are not only slapped with high repayments, they’re also among the world’s top 10 most expensive cities. So, once you cover the cost of living, it doesn’t leave much leftover for the fun stuff.
“Not usually known as the capital of fun, it looks like Canberra is where it’s at if you want to splash your extra cash and not be a slave to your mortgage.”   
</body></html>

Canberra home owners have highest disposable incomes after mortgage payments: Mozo

<html><body>
Mortgage volumes increased around the country in February, particularly in South Australia, suggesting that state’s property market is recovering after a sluggish few years.
Mortgages processed in South Australia by Australia’s largest mortgage broker, AFG, increased by 31% in February compared with the same month in 2014.
Around the country mortgage volumes were up 16% compared with the same time last year and up 58% compared with January, the broker reported.
“February is the real start to the mortgage year and overall we’re off to a flying start this year,” AFG general manager of sales and operations Mark Hewitt said.
“No doubt the February rate cut has made borrowers more confident, but it’s important to recognise the significant variations from one state to another.”
Mortgage volumes processed by AFG in February were up in NSW by 25%, in Victoria by 21% and in Queensland by 15%. The broker processed 4% fewer mortgages in Western Australia compared with the volume processed in February 2014.
The Australian Bureau of Statistics will release official home finance figures for January on 11 March.
South Australia’s strong growth in mortgage applications follows a pick-up in the state’s property market in the December quarter of 2014, as highlighted in an analysis by the Real Estate Institute of South Australia.
The Valuer General’s median house price in Adelaide hit $425,000, while the state median price was $390,000, REISA reported.
REISA president Greg Moulton said the latest figures showed a 3.16% increase in the state’s median property price over the September quarter and a 3.91% increase in median price compared with the same period of 2013.
“The change in median price over the last few quarters is fantastic and shows quite clearly the underlying strength of the property market,” Moulton said. 
“The other great figures are that the volume of sales increased for both South Australia and metropolitan Adelaide in 2014 compared to 2013. There was an increase of 2.63% in volume of sales across South Australia and 2.4% across metropolitan Adelaide,” Moulton said. 
However, South Australia’s market still faces headwinds. The capital gains and sales volumes it has posted are considerably lower than those in the Sydney and Melbourne markets where homes appreciated in value by 12.4% and 7.6% respectively through 2014, according to Corelogic/RP Data.
Property valuation and advisory group Herron Todd White noted in its March review that: “Adelaideans are traditionally very conservative and local economic factors, cost of living expenses and job security at this time is playing a significant role in holding back [Adelaide’s] market.”
Herron Todd White did not expect the interest rate cut to have much of an effect on Adelaide’s property market, although it noted investors may be spurred into action by the expectation of a further 25 percentage point rate cut.
“The feeling was that increasing investor activity during 2014 has played a significant hand in the steady ongoing recovery of [Adelaide’s] housing market,” the review noted.
It added: “Generally Adelaide investors are most active in the sub $500,000 segment and we believe that sales activity in this price bracket may improve during 2015 and as a direct result there may be a slight improvement above what is expected in capital growth. However at this stage we don’t believe that it will be significant … We believe that overall during 2015 our market will continue on its path of steady recovery and translate to between 3% and 5% in capital gain for the calendar year.”
</body></html>

Mortgage volume increase points to South Australian recovery

<html><body>
GUEST OBSERVATION
It’s been 16 months, but the cash rate has finally budged – and it’s in the home owners’ favour.
Lowering the cash rate to 2.25% on 3 February, the Reserve Bank signalled an intent to boost market interest by giving lenders a clear, definitive reason to pass on better rates to customers. If there’s a time to make savings on your home loan, it’s now.
By knowing which lenders have dropped their rates and how to best approach the changing home loan market, you’ll make sure your opportunity to save isn’t just left to chance. Even if you’re happy with your current provider, there are still ways to keep more cash in your pocket.
Here are my top three tips for maximising the cash rate cut.
Tip #1: Compare all home loans on the market
The first tip is to compare home loans on offer, as many lenders have announced their rate cuts this month. With new deals on the market, you may currently be sitting on a home loan that was attractive last year, but not so much this year. Get with the times!
Tip #2: Keep repayments the same
While it might seem counter-intuitive to be forking out the same amount every month, keeping your repayments the same for a variable rate home loan will trim the time it takes to close out your mortgage. This is because your lender will reduce your repayments but asking to keep them higher will top up your surplus.
Worst case scenario and you need to access the extra cash, <a href="https://www.finder.com.au/home-loans-with-free-redraw">loans with free redraw</a> will allow you to reach back into your savings at any time.
Tip #3: Negotiate with your existing lender
Ever since the cash rate began dropping in November 2011, not all lenders have passed on every rate cut in full. This means lenders have a bit of padding you can ask to have carried along into your rate.
A crucial strategy is to find the lowest variable rate on the market that you’re eligible for, and negotiating up from there. While it’s unlikely they will be willing to match the lowest rate if you’re with a bigger bank, you’re starting the conversation to get a better deal.
Before you accept any offer, <a href="https://www.finder.com.au/home-loan-repayment-calculator">calculate mortgage savings</a> you would be making from the negotiation to ensure you’re stretching your money as far as possible.
If you’re looking to find the best home loan for you, here are <a href="https://www.finder.com.au/">finder.com.au</a>’s top three variable rate home loans:
<ol>
<li>
<a href="https://www.finder.com.au/loans-com-au-dream-essentials-home-loan" style="font-size: 12.1599998474121px; line-height: 1.3em;">Loans.com.au Dream Essentials</a>: 4.23% p.a. With consistently competitive rates, Loans.com.au is a hefty contender for people who don’t mind the absence of a physical branch: this lender is solely online. What they might lack in bricks and mortar, they make up for in value by having no ongoing monthly fees and super low rates. Once you work through the $520 worth of setup fees (Settlement of $300 and $220 for valuation), you’re set to hit the market with one of the lowest rates on offer. 
</li>
<li>
<a href="https://www.finder.com.au/hsbc-home-value-loan" style="font-size: 12.1599998474121px; line-height: 1.3em;">HSBC Home Value</a>: 4.48% p.a. Another ‘no monthly fees’ player in the home loan game, this home loan also allows you to split portions of your mortgage – just in case you don’t believe the low rates will be around for long. While it also allows additional repayments, you’re going to be slugged with a $40 fee every time you dip into your savings. If you’re going to choose this loan, make sure you’re committing to realistic contributions that you won’t need down the track. 
</li>
<li>
<a href="https://www.finder.com.au/greater-building-society-discount-ultimate-home-loan#1493" style="font-size: 12.1599998474121px; line-height: 1.3em;">Greater Building Society Discount Ultimate</a>: 4.49% p.a. This low rate loan is available to loans of over $30,000 and for those with a deposit of at least  20%. It allows for a 100% offset account, something that is particularly helpful to maximise savings. However it’s a package product, meaning it’s designed to be take up with other products from this provider. Perhaps the biggest drawback of this package is the $375 annual fee, which will come back to visit you every year.
</li>
</ol>
Michelle Hutchison is spokesperson for comparison website <a href="https://finder.com.au/" target="_blank">finder.com.au</a>.
</body></html>

Mortgages

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Mortgages

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News