Business
Home-buyers stretch their budgets to avoid asking for more cash later amid a rising property market – Domain News
Property prices are soaring and strong auction results have left underbidders stunned. Buyers are turning to a boom-era strategy to beat the competition.
Potential home-buyers are trying to borrow as much as they can before turning up at auctions amid a rising property market to avoid missing out and having to ask for more cash later.
Some bidders have been taken by surprise by the sharp jump in housing prices over the last few months, fuelled by ultra-low interest rates, government grants and a recovering economy.
Mortgage brokers and estate agents have seen disappointed underbidders with a limited budget go back to the bank and try to increase…
-
Noosa News22 hours agoGippsland farmer blocks AusNet maintenance workers from entering property
-
Noosa News23 hours agoNo live export ships coming for WA sheep amid high prices, looming ban
-
Business20 hours agoWhich Aussie tech stock is up more than sixfold for the week?
-
Noosa News21 hours agoBaby humpback whale caught in shark netting off Marcoola Beach on Sunshine Coast