Craig Browne in Glenelg, South Australia | Mortgage brokers

Craig Browne

Locality: Glenelg, South Australia

Phone: +61 408 879 220

Address: Suite 5, 1st Floor, 3-9 Gordon St. 5045 Glenelg, SA, Australia

Website: http://www.pmrfinancial.com.au

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17.01.2022 BUYERS GIVE VOTE OF CONFIDENCE TO THE PROPRTY MARKET Australians are showing more confidence in the property market, new auction figures have revealed. There were 14,216 auctions held in the capital cities during the September quarter, according to CoreLogic. That was up from 13,783 in the June quarter.... The clearance rate (the percentage of properties put up for auction that actually sold) also rose, from 47.9% in the June quarter to 59.2% in the September quarter. The clearance rate statistics from the different markets were: Canberra = 78.8% from 746 auctions Tasmania = 64.3% from 14 auctions Sydney = 63.1% from 8,147 auctions Adelaide = 62.2% from 734 auctions Melbourne = 51.0% from 3,320 auctions Brisbane = 44.5% from 1,057 auctions Perth = 28.6% from 198 auctions Why did the auction statistics improve in the September quarter? It probably reflects growing consumer confidence, with Australia increasingly getting on top of the coronavirus problem.

09.01.2022 MORE FIRST HOME BUYERS GET MORTGAGE HELP The federal government has doubled the number of openings for its popular First Home Loan Deposit Scheme. When the scheme started in January, only 10,000 eligible first home buyers were able to participate each financial year. That has been increased to 20,000 for this financial year.... Under the scheme, the government acts as a guarantor for eligible first home buyers, allowing them to: Take out a mortgage with just a 5% deposit Skip the usual requirement to pay lender’s mortgage insurance (LMI) The scheme includes 27 participating lenders who are now accepting applications. To be eligible, you must earn no more than $125,000 for singles and $200,000 for couples. Also, you must purchase a home under the price cap, which ranges from $250,000 in regional South Australia to $700,000 in Sydney. Property and finance can be complicated, so don't be afraid to ask questions. You can call me any time you need help.

06.01.2022 RECORD-LOW INTEREST RATES DRIVE A SURGE IN HOME ACTIVITY There has been a massive increase in home loan borrowing over the past year, according to the latest data from the Australian Bureau of Statistics. Australians took out $22.5 billion of mortgages in September a 25.5% jump on the year before. That included increases of:... 33.8% for owner-occupiers 4.2% for investors There was also a massive increase in first home buyer activity among owner-occupiers. First home buyers took out 13,569 loans in September. That was not only up 45.5% on the year before, but was also the highest figure in 11 years. The surge in borrowing comes as no surprise interest rates are at record-low levels. And with governments around Australia providing assistance for first home buyers, it’s no surprise to see so many younger buyers entering the market. If you're looking to get into the housing market for the 1st time - send me a message and I'll take you through the process step by step. You may not even need a deposit!!

02.01.2022 If you’ve been thinking about it - now is the time to get into the property market!

02.01.2022 Another Happy Customer!