Pattie & Co Financial Service in Sydney, Australia | Property

Pattie & Co Financial Service

Locality: Sydney, Australia

Phone: +61 2 8883 0051

Address: Suite 406, 14 Lexington Drive Bella Vista 2153 Sydney, NSW, Australia

Website: https://www.pattiecofinancial.com.au

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25.01.2022 . Location continues to be a high priority for Australian tenants and while competition to secure a rental property in certain suburbs is rife, there are some clever tactics to help improve a tenant’s chances of nabbing their dream home. ...Continue reading

24.01.2022 Loan approvals soar to record $24bn The Australian Bureau of Statistics’ (ABS) latest Lending Indicators data has revealed that the total value of new loan commitments for housing rose 5.6 percent to a new record high of $24 billion in November (seasonally adjusted). The figure represents a 23.7 percent increase in November 2019.... The value of new owner-occupier home loan commitments also hit a new record in November, rising 5.5 percent on October figures to $18.3 billion in November. This is 31.4 percent higher than in November 2019. Similarly, the number of owner-occupier first home buyer (FHB) loan commitments reached the highest level since October 2009, rising 3.1 per cent to 13,905 (seasonally adjusted), a 42.5 per cent increase since the start of the year. The ABS said the temporary tripling of the First Home Owner Grant, which was part of the federal government’s economic stimulus package in response to the global financial crisis, contributed to similar rapid growth in 2009. Looking across the states, the value of owner-occupier home loan commitments rose across the larger states and territories, with commitments in Victoria up 19.6 percent in seasonally adjusted terms in November 2020, reflecting a rise in housing market activity as COVID-19 restrictions were eased. Loan commitments for investor housing recorded positive results, rising 6 percent in November 2020 to reach $5.6 billion. The number of investor housing loan commitments for first-time buyers accounted for 4.1 percent of all FHB commitments, in original terms. Meanwhile, the value of new loan commitments for fixed-term personal finance rose 13.2 percent in November 2020 in seasonally adjusted terms, which the ABS attributed to increased commitments for vehicles. #pattieguobroker #pattieandcofinancialservice #mortgagebroker #BellaVistaHills #realestatetips #sydneyrealestate #australianmortgage

21.01.2022 One in three young Australians say they'll be 'much worse off' than their elders, as wages stay low and house prices skyrocket The latest ABC Talks results, drawn from 60,000 respondents, suggest 33% of those aged between 18 and 24 believe they will be much worse off than older generations. Some 44% said they expected to be somewhat worse off. That figure drops marginally to 32% and 42%, respectively, for those aged between 25 and 29. Just 4% of those under 30 were confid...ent life for future generations will be much better than their elders. The figures follow research that shows young Australians are starting families later, having fewer children when they do, and delaying the purchase of their first homes in a white-hot property market. The knock-on effect of those trends will create an ageing population with a slimming taxation base, and ensure there are fewer Australians paying tax to support more retirees. The tax burden in turn will be shouldered by young Australians, who are entering the peak of their economic activity and sidelining other parts of their lives in the process. ABC Talks reports about half of all Australians are skeptical they will have enough money in retirement. Stagnating wage growth has done little to shift the equation, while 43% of Australians believe the nation is handling the threat of climate change very poorly. Australians can see how their perspectives stack up to prior responses via the ABC Talks website, with the findings to be wrapped in a televised ABC special on Monday, June 21.

14.01.2022 Housing auction volumes dip but Sydney market stays strong There are further signs the red-hot housing market may be cooling off but one major city is staying strong. Sydney was the standout performer, with auction volumes remaining steady, while the final clearance rate has held above 80 percent for 13 of the past 14 weeks. CoreLogic data released on Monday showed auction volumes were down slightly week-on-week, with 2892 homes going under the hammer across the combined ca...pital cities compared with 3016 the previous week. Preliminary results indicate a 79 percent success rate, while the preliminary clearance rate for the previous week was 78.6 percent, which was revised down to 77.2 percent in final figures. In Melbourne, the number of homes taken to auction fell but the reported success rate was up at 77.6 percent, from 74.1 percent previously. The best preliminary clearance rates were in Canberra (87.8 percent), while just 60 percent of reported auctions in Perth were successful. In the regions, which have proved extremely popular during the pandemic as house hunters seek better lifestyles, every single property in Newcastle and Lake Macquarie that went up for auction was sold. But multiple experts have recently pointed to Australia’s housing boom waning, including AMP Capital chief economist Shane Oliver, who points to the long-term decline in interest rates bottoming out, property undersupply swinging towards oversupply, and the escape from the city phenomenon taking some pressure off city prices in the decade ahead.

14.01.2022 New update from Better Mortgage Management!

11.01.2022 ! - . - ’ ( ) % , ... .#pattieguobroker #pattieandcofinancialservice #mortgagebroker #BellaVistaHills #realestatetips #sydneyrealestate #australianmortgage

10.01.2022 Australian house prices: RBA analysis suggests property could jump 30 percent in three years Heightened borrower confidence in record low-interest rates could push property prices sky-high according to an analysis by the Reserve Bank of Australia. In an internal document accessed via the Freedom of Information Act, the RBA has predicted that home values could rise by as much as 30 percent within just three years due to borrower belief that rock bottom interest rates are here ...to stay. Ultimately, the RBA sees rising asset prices (or home values) as a net positive, despite some economists warning that the unprecedented low-interest rates could destabilize the economy. The internal RBA briefing noted that a rise in house prices (and other assets such as shares) would lead to increased household wealth and improved cash flow. As a result, Aussies would get out and spend more, and that in turn would stimulate the economy and business investment. The RBA document, released on January 15, suggested one of the major risks to the Australian economy is the pandemic-induced high level of unemployment, which by November 2020 was sitting at 6.8 percent. Therefore, if households are currently benefiting financially from lower mortgage rates, that imminent risk would be diminished. Long term versus short term sentiment According to the analysis, a permanent 1 percentage point (or 100 basis point reduction) cut in the official cash rate would increase real housing prices by 30 percent after about three years. Whereas, if borrowers and homeowners had less confidence in a prolonged rate reduction and believed the low rates were only temporary, then house prices would only rise by about 10 percent over a three-year period. However, RBA governor Philip Lowe has all but promised that the 0.1 percent cash rate will not increase for at least three years.

09.01.2022 We are pleased to share some updates from the Bank of Sydney!

06.01.2022 Great Deals from Bankwest!!! . #pattieguobroker #pattieandcofinancialservice #mortgagebroker #BellaVistaHills #realestatetips #sydneyrealestate #australianmortgage

04.01.2022 Do you want a Home Loan Package with offset but no annual fee for the life of the loan? We've got great news for you!

02.01.2022 Five predictions for the property market in 2021 The year 2020 has been an uncertain time for the Australian property market. Despite predictions of large price falls early in the coronavirus recession, the property sector has come through the crisis in remarkably good shape. Here are five trends we can expect from the property market in 2021. ... 1.) Demand to purchase will remain at elevated levels With most stimulus measures to continue into 2021 and interest rates to remain low for a number of years, buyer demand will likely stay at near record-high levels in 2021, driving strong demand for property purchases. 2. Some rental markets will remain challenged Inner-city apartment markets are likely to continue to face reduced demand while Australia’s international borders remain closed. Renters are likely to be looking for better or cheaper accommodation when their leases expire and there will be significant competition amongst landlords to secure tenants. 3. First-home buyer activity to fade and investors to return The federal government’s HomeBuilder scheme has been extended until March 2021, which means first-home buyer activity is likely to remain elevated over the coming months. However, the scheme has pulled forward demand from this segment, which means that once it is over there will likely be much less demand from first-home buyers. On the other hand, investor lending has been low but with historic low-interest rates and low returns in most asset classes, residential property investment is likely to become increasingly attractive in 2021. The types of properties investors purchase are likely to be far different from the typical stock they have targeted in the past, such as one-bedroom and two-bedroom, inner-city apartments. Investors are more likely to be looking in established and new housing areas as well as regional markets where demand is lifting. 4. Low overseas migration will have repercussions for new housing The lack of migration to Australia will continue to weigh on the new housing sector, however, state and federal governments will likely continue to provide support measures for these sectors while borders remain closed. 5. Property prices to continue to rise Property prices have been rising over recent months, fueled by strong demand and low borrowing costs. It seems unlikely that these conditions will change in 2021, unless there is an unexpected surge in the volume of stock listed for sale. While stock for sale is likely to rise, it still seems likely that it will not surge to the extent that it removes the upwards pressure on prices. Overall, 2021 is shaping up to be a strong year for the housing market but certain areas will fare better than others. #pattieguobroker #pattieandcofinancialservice #mortgagebroker #BellaVistaHills #realestatetips #sydneyrealestate #australianmortgage