The biggest skill an investor can have is to know how to predict the market. Obviously no one has a crystal ball and no one can predict with 100% certainty what’s going to happen, but there are ways to form an educated opinion. And let’s face it, choosing an investment based on an educated opinion is better than taking a stab in the dark, which is what many investors do..... Keep Reading »
More and more Australians are looking for a better deal on their home loan, with the most recent data from the ABS revealing that refinancing activity jumped by 17% over 12 months and 5% over three months..... Keep Reading »
Shopping for your new home or next investment property? When you’re in the market for a new piece of real estate, finding the right location is crucial to ensure strong long-term capital growth – so we’ve rounded up some advice to help you locate the best possible spot!.... Keep Reading »
Were you busy watching the Melbourne Cup this afternoon? Perhaps even participating in a few Cup-related festivities? Even over here in Perth, most people I know were enjoying a Melbourne Cup lunch – the 3pm race in Victoria means it runs at midday here – and certainly nobody else I know was paying any attention to what the Reserve Bank or the big four banks were up to..... Keep Reading »
Last week you might recall that I was sympathising with Sydney-siders who have the worst mortgage stress in Australia. Apparently a lot can happen in a week because the new figures are now showing that Sydney people are no longer the worst off – this dubious honour now goes to mortgage holders living in Brisbane, with those paying off home loans in Melbourne being very close behind. Of course, many Sydney mortgage holders are still struggling but they’re no longer top of the table!.... Keep Reading »
Another sigh of relief for my back pocket as the Reserve Bank made a decision on Tuesday to leave the cash rate unchanged! Shortly before their Tuesday meeting the odds seemed to be on a rate rise, and the major banks sound like they were all very keen for there to be an increase – they are complaining about the higher deposit rates and lower mortgage rates that they are currently dealing with (and not liking). However, none of the major banks wanted to be “the bad guy” who put up interest rates despite the Reserve Bank leaving the rate unchanged, so that means that for now at least, we don’t need to pay out any extra for our home loan repayments..... Keep Reading »
There are lots of interesting tidbits in Australian mortgage news this week, so without further ado:.... Keep Reading »
Despite many predictions to the contrary, the Reserve Bank of Australia met today and decided not to raise the official cash rate again. Good news, and quite unexpected, for all of us mortgage holders out there who had been expecting to see another rise in interest rates..... Keep Reading »
While Australians are still enjoying mortgage rates a lot lower than past years, that interest rate figure is creeping up. Last week, while many Australians were distracted from some kinds of money matters by the more pressing issue of how much money they could win on the Melbourne Cup, the big four banks raised their variable mortgage interest rates to match the official 25 basis point increase from the Reserve Bank..... Keep Reading »
The RBA has, much as expected, raised the cash rate by .25% to 7.25%, effectively adding $50 to a monthly mortgage repayment on a $300,000 home loan. And there’s pressure on interest rates in the money markets, which the major banks haven’t much choice but to pass on, so keep watching for the possibility of more bad news…
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A recap of this weeks news in mortgage, home loan and housing in Australia.
With an election looming there is plenty of people with plenty to say on the headline issues of interest rates and housing affordability as politicians battle for votes and lobby groups battle for attention. Cutting through the spin is a challenge for the consumer making decisions on the home financing front but also their vote – Here is some of the top stories for the week ending 28/10/07:
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