Astute mortgage holders will undergo a comprehensive mortgage check every few years. It makes perfect financial sense to do so given the current competition between banks and non-bank lenders and the regular fluctuation of interest rates. If you are considering refinancing, be sure to avoid the following oversights: Automatically refinancing with your current lender without [...]
Read Full Post »
Home loans by value fell in October and remained flat over the year, suggesting the housing sector remains stagnant. The Australian Bureau of Statistics (ABS) said on Monday that total housing finance by value fell 2.5 per cent in October, seasonally adjusted, to $20.458 billion. The ABS data also showed that the value of home [...]
Read Full Post »
Posted in First Home Buyers, News, Research on Dec 9th, 2011
The property market will be drawing a collective sigh of relief as the year comes to a close. As we look back on how the market performed in 2011, we may well see an overall correction of up to 10 per cent – a significant drop for the property market but a fraction of the [...]
Read Full Post »
The Reserve Bank of Australia board has cut the official interest rate by 25 basis points to 4.25 per cent, giving mortgage holders and borrowers a pre-Christmas reprieve. The RBA announced the rate cut at 2.30pm AEDT today following the board’s final meeting for the year. It’s the second interest rate cut in as many [...]
Read Full Post »
Economists are divided on whether borrowers will get a second interest rate cut in as many months on Tuesday. Seven of the 14 economists surveyed by AAP say the RBA will cut the cash rate to 4.25 per cent from 4.5 per cent on December 6. On Melbourne Cup day, the Reserve Bank of Australia [...]
Read Full Post »
What do you do if you are young and thinking about investing in property? A 19-year-old I know has plans to save up to buy his first property, and mentioned that he’s not too sure where to start. Should he do a property course, he wondered? And how do you know where is a good [...]
Read Full Post »
House hunters who are pre-approved plan for a happier New Year Future first homebuyers considering making their property move in the New Year have strong awareness of the importance of seeking loan pre-approval before house hunting, based on insights from national mortgage broker, Mortgage Choice. A Mortgage Choice survey of first homebuyers looking to purchase [...]
Read Full Post »