Borrowers Refinance For Lower Rate The number of mortgage holders refinancing has surged following recent interest rate rises. Refinancing of existing loans has increased 17% in the past few weeks, while all lenders are reporting very strong levels of inquiries about refinancing. Borrowers are being encouraged to review their interest rates annually to ensure they […]
The Face Of Housing Is Changing The location of Australian housing is changing, with new homes now being built outside of traditional residential areas. The number of apartments approved for mixed-use settings, such as the above retail projects, is on the increase with Australian Bureau of Statistics figures showing mixed-use or city centre approvals accounting […]
Consumers Reject Negative Forecasts Despite daily media articles declaring that property prices are set to fall 15% or 20% or more, most Australians don’t believe it. That’s according to the latest Finder Consumer Sentiment Tracker, which sought consumers’ views on the direction of house prices in the next 12 months. Even in Sydney and Melbourne, […]
Smaller Lenders Offering Lower Rates Homeowners may be able to take advantage of the competition from smaller banks to negotiate better mortgage rates, despite the Reserve Bank lifting the official interest rate twice this year. Mike Gill of PEXA says the RBA increases have resulted in more competition in the lending market, which means good […]
Winter RBA interest rate rise adds pressure amid looming energy crisis On Tuesday, the Reserve Bank of Australia increased the official cash rate by 50 basis points to 0.85 per cent – the second increase since 2010 and the highest in 22 years. While the increase alone will add $133 a month to the […]
It’s no surprise most Australians do everything they can to reduce their tax payable and increase their tax refund.
Tax evasion is a crime, but there are many legal ways in which the Australian Government allows you to reduce or redirect your tax payable – and you can use these to your benefit to build wealth. Here’s how…
Homeowners Prepared For Rate Increases Even if interest rates continue to rise, most homeowners are well prepared to cope with it according to Bankwest. Its customers have nearly tripled the rate of savings in offset accounts over the past two years with 90% of its borrowers head on their repayments. Westpac says 72% of its […]
Rentvesting: what is it and how can it help you enter the property market sooner? The Australian housing market is notoriously hard to break into. So much so, the Coalition recently announced its plan to allow first home buyers to access up to $50,000 from their superannuation to get into the property market. There’s also […]
Where Property Prices Are Soaring Property prices continue to hit record levels with the value of capital city homes increasing 23.7% in the past year. Australian Bureau of Statistics (ABS) figures show property values experienced their biggest annual increase in value since it began keeping records in 2003. It was the smaller capital cities which […]
More Borrowers Switching Lenders Property owners are shopping around for better finance deals, with Australian Bureau of Statistics figures revealing $14.3 billion worth of refinancing in January. Of that, $9.2 billion was refinancing by owner occupiers with the remaining $5.1 billion from investors. The figures show refinancing levels are 18.7% higher than at the same […]
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