Ten Tips for Picking Property Hotspots in Australia

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. So how can you predict the property market? The best way to make money in real estate is by investing in the hot spots. Tha...
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Mortgage Refinancers Boost Loan Market Activity

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. With the RBA having since instigated back to back interest rate cuts, it is predicted that real estate activity will increase further in the coming months. “The RBA rate cuts in November and December have brought forward queries of those looking to refinance and also first home buyers, p...
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Property: 10 tips for choosing the best location

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! Tip One: Know your budget For most buyers, your budget dictates which areas you can afford to live in or invest. “The best way to determine your budget is to meet with a mortgage broker or lender and obtain a pre-approv...
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Sneaky banks raise rates during Melbourne Cup

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. And no doubt (I think!) that's one of the main reasons why the banks are already passing on the Reserve Bank's rate rise, wi...
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Mortgage stress in Brisbane and Melbourne

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! According ...
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Mortgage rate stays on hold, for now

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...
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Late repayment, early repayment, both in the mortgage news

There are lots of interesting tidbits in Australian mortgage news this week, so without further ado: It seems our constantly rising interest rates are having a negative impact on some mortgage holders, especially those people who are on 100% loans or no-docs mortgages - the kind that are on the decrease in Australia at the moment, perhaps for good reason. Statistics which show how many mortgage holders had missed repayment deadlines last quarter say that from all home loans borrowers, 1.44 p...
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