Author: Otto Dargan
Banks Are Raising Long-Term Interest Rates
Australia’s major banks have begun raising long-term fixed interest rates in the past few weeks. Term CBA Westpac ANZ NAB 3 year fixed 2.19% 1.88% 2.04% 1.98% 4 year fixed 2.24% 2.19% 2.24% 2.19% 5...
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bookmarkTags: big four, fixed interest rates, Interest Rates, low fixed interest rates
Stamp Duty Victoria—How Will The Planned Increase Affect Homebuyers?
Victoria has planned an increase in its property tax. This hike will further increase an already high stamp duty Victoria has compared to other states. The plan is now hotly debated; many charge the state government of unfairness. If the planned tax hike goes through, homebuyers...
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bookmarkTags: Stamp Duty, tax hike, Victoria
How To Get A Car Loan With A Cosigner
error The article was written by Nodifi. To provide you with the best product and services, we partnered with Nodifi to bring you tailored asset finance solutions. Credit lenders can decline loan applicants for a variety of reasons – poor credit history, applicant...
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High-End Sydney Home Prices Rise Twice The Rate Of Cheaper Properties
The higher end of Sydney’s property market is rising twice as fast as the mid-range market, and four times faster than the lower-end market. Annually, mid-priced houses are up 14.1% to a new peak of $1.05 million, while the cheapest houses are up 10% to a record $528,000. COVID-19...
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bookmarkTags: Australian property market, rentvesting, Turnaround time
Off-the-plan Apartments On Demand: A New Trend In The Property Market
Most Australians are being priced out of the housing market as the costs soar high. An increasing number of people are looking at existing apartments or those for sale off the plan as a very viable option. These ‘off the plan‘ purchases are a popular choice among...
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bookmarkTags: apartment off the plan, Australian property market, off the plan home loan, off the plan property
Rising Interest Rates And Property Prices Catch A New Pace In Australia
The property prices and interest rates in Australia see a climb in 2021. We can attribute much of this to government schemes and policies, especially the most recent rise as witnessed in May. Starting with the rising interest rates for home loans, last week, we had anticipated...
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bookmarkTags: interest rate, property price
Budget 2021: Support For First Home Buyers & Single Parents
The 2021/22 Federal Budget focuses largely on recovery, to plug remaining gaps in the Australian economy. The 2021 budget is here. It’s the second budget in just six months, following last year’s delayed COVID budget. It has a range of steps to support first-home buyers...
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bookmarkTags: Budget 2021, budget 2022
Can I Pay LMI Monthly Without Adding To My Loan?
Ever found yourself unable to save enough deposit to avoid paying lenders mortgage insurance on a home loan? Lenders mortgage insurance (LMI) protects lenders in the event that a borrower defaults on a loan. In most cases, you are required to pay LMI if you borrow more than...
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Will Housing Affordability Increase In 2022?
With a potential change in the current downsizer scheme, housing affordability could increase in 2022. The price of housing grew by 1.8% in just a month in April. The median national price of a dwelling rose from $624,997 to $636,23, which is six times higher than the average...
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bookmarkTags: budget 2022, Downsizer scheme, First home Buyer, Housing Affordability
Is The RBA Powering The Property Boom In Australia?
The RBA announced its Term Funding Facility last year to reduce the funding cost problem across the economy. The funding facility aimed at providing cheap funds, and this was leveraged well by lender banks. Lender banks, because of the cheap funds, were able to attract...
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bookmarkTags: property boom, RBA