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Prime Insights

All insights

Rental market hits a plateau

October, 2024|Housing Market, Real Estate, Finance
After a period of rapid growth, Australia’s rental market is showing signs of slowing down. Is this the start of a more stable rental environment? According to a recent CoreLogic report, national rental rates flatlined in July and August, marking the weakest rental conditions since the early days of the COVID-19 pandemic. They rose by…
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Banks face growing delinquencies

August, 2024|Finance
Mortgage arrears are on the rise at major Australian banks, reflecting the increasing financial strain on households from the high cost of living and interest rates. According to Westpac’s latest financial results, its overall Australian mortgage delinquencies climbed by six basis points to 1.12% in the three months to June 2024. Likewise, the rate of…
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Australia’s millionaire population grows as property values surge

July, 2024|Real Estate, Finance
Many Australians are struggling with the cost-of-living crisis, yet average wealth per adult is rising. By 2028, approximately 400,000 more Australians are expected to join the ranks of the fewer-than-2-million millionaires currently in the country, thanks largely to surging property values. This suggests a growing market of potential high-net-worth clients for mortgage and finance brokers.…
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