I thought I would just comment on what seems to be some increasing interest in the Mortgage Broking arena at the moment - certainly in my arena anyway. It's refreshing to see so many First Home Buyers coming back to the market, plus it's also very reassuring to see new and existing property … [Read more...]
As always this is just my opinion but I feel the need to voice it. As you all would know, the housing market has been very poor over the last few years with house prices falling due to too much stock for sale and not enough demand. The post Global Financial Crisis (GFC) belt tightening from the … [Read more...]
Home sales for detached properties in Western Australia have recently posted the highest increase since the 2008 global economic crisis. Although the overall figure was just 9.3% for the June quarter, economists say that there are several reasons why the Australian property market will not crash, … [Read more...]
Although several regions in Australia have experienced a property price spike over the June quarter, Perth is unique because it ranks as the sole major Australian capital city that actually indicated a climb during a year prior to the current period overall. In addition to this increase that began … [Read more...]
Australian property prices in the June quarter posted an unexpected 0.5% rise after an upwardly revised 0.1% drop in the March quarter. This is in stark contrast to the results initially predicted by economists, who forecasted a 0.5% decline during the June quarter. An Unsettled Past Although … [Read more...]
Now that Australian families no longer have to worry about getting hit with fees for leaving a current bank that has given them a mortgage, more and more of them are leaving the bigger banks and choosing to refinance with help from a mortgage broker. Rockingham brokers and other smaller options that … [Read more...]
The short answer is no... but there are some qualifying factors. In my mind a bank cannot discriminate because of age, but if you're talking out a 30 year loan at the age of 60 and planning to retire at 65, the bank has a reasonable expectation for you to have an 'exit strategy'. What I mean by … [Read more...]
Some of this may sound too obvious or simple but you'd be surprised by how many people get it wrong. The most basic rule in Real Estate in my opinion is the 'buy at the bottom and sell at the top' philosophy. It may sound overly simple but, you want to buy an Investment property when prices are … [Read more...]
Well, after a little break from blogging I thought I'd recommence with some thoughts and ponderings on the year ahead. I hear many people wondering about what the year ahead will bring, more interest rate cuts perhaps? It needs to be remembered that the Reserve Bank reduces Interest Rates to help … [Read more...]
Due to the worsening global economic crisis, the Reserve Bank of Australia has decided to cut the standard cash rate further. This scenario leads to the decreasing percentage of home lenders who avail of mortgage with fixed interest rates. As the Europe debt situation continually affects the world … [Read more...]
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