300+ Suburbs Hit $1mil Median
300+ Suburbs Hit $1mil Median An additional 311 Australian suburbs now have median house prices of $1 million or more, with Sydney and regional NSW accounting for the largest number of new entrants. CoreLogic data shows that between May and December 2021, 38% more suburbs recorded a median price of $1 million or more. In […]
Investing in Property and understanding risk
A case study- understanding risk Would you choose to buy in Moranbah or in Toowoomba? Right now it appears a fairly easy choice between the two Queensland centres, but 10 years ago it was a very different scenario. The central Queensland mining town of Moranbah remains our greatest example of a boom-bust scenario. Until 2012, […]
Confidence In Property Sector Rises
2022 Will Be A Busy Year We’ve witnessed in 2021 the most extraordinary year ever in Australian real estate. Amid lockdowns and other restrictions, prices nationally have increased 25% for houses and 14% for units. The new year promises to another growth year, notwithstanding the media’s attempt to construct an imaginary scenario of rising […]
RBA Reaffirms Rate Stability
RBA Reaffirms Rate Stability The Reserve Bank has reiterated that it does not intend to lift interest rates next year, despite growing industry speculation of a rise. This week, at the final board meeting of the year, the RBA left the cash rate at 0.10% and Governor Philip Lowe announced that the latest data and […]
Re-financing Hits Record Levels
Re-financing Hits Record Levels and Home Values Surge Past $9 Trillion A recent surge in switching among property investors has helped lift the amount of mortgage refinancing being undertaken to record levels. Lending indicators released by the ABS show mortgage holders refinanced $17.8 billion worth of home loans to another lender in August – the highest […]
RBA No Change till 2020
According to AMP Capital chief economist Shane Oliver, The Reserve Bank won’t lift the official interest rate until 2020. So that’s great news for homeowners and investors. And he’s not the only one to share this prediction, with the cash rate at its current record low of 1.5%, most industry experts agree that there will […]
Why Equity Really is King
Equity is King So you bought your first home, got a home loan, you’re paying your mortgage in monthly instalments, and everything is ticking along smoothly. You will own your home outright – in a few decades. But you don’t have to wait that long to buy your second property and start building a property […]
Debt Consolidation: A Cure for the Christmas Debt Hangover
Is Debt Consolidation a Cure for the Christmas Debt Hangover? It’s just after the new year and one of your new year resolutions is to save more money. You have now decided to do something about your finances so that you can cut down on any unnecessary expenses without wanting to change your lifestyle. You ended up maxing […]
Mortgage Refinance: How to Save Money in 4 Steps
Mortgage Refinance: De-Mystifying the Process There are many reasons to think about refinancing your home loan, especially in the current economic climate. When faced with economic uncertainty or a change of situation, the option of being able to take advantage of the equity of your home is a powerful tool and has given many of […]
Home Loan Comparison: 4 Ways to Maximise Savings on Your Mortgage
Home Loan Comparison At the start of November, the Reserve Bank of Australia slashed interest rates to a record low of 0.10%. What this means for you as a borrower is that you can find a better deal for your mortgage. Before you start shopping to refinance your mortgage, we’ve made a list of four things that you should look out for when undertaking home loan […]