Author: Otto Dargan
Buying A Property During The Coronavirus Outbreak
Buy now or wait? Nobody can be sure what will happen with the Australian property market in the next year. What is likely is that the coronavirus will have significant economic impacts that will affect almost every industry. In the past, where unemployment rates have increased...
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Can I Refinance My Home Loan During The Coronavirus Outbreak?
It’s not just about health, the economy will suffer Governments around the world have been in a position to choose between the economy and health. Unfortunately, many have prioritised the economy and as a result, more drastic actions will need to be taken later. This...
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Coronavirus Plan For Your Family
We need to act now! It’s clear that the government’s response has been insufficient and that we’re going to face significant health, social and economic disasters. By acting now you can reduce the impact of coronavirus on your family and society. You should...
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Coronavirus Mortgage Relief Options In Australia
What is financial hardship? With the global coronavirus pandemic, banks and lenders are stepping up to assist customers who are affected financially. If you have a home loan, struggling to make repayments for a specific period of time is considered to be financial hardship. How...
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folderCategory: Property Market
bookmarkTags: Property Market Report, property market update, Property Update
Coronavirus Fears Puts Cash Rate To A Historic Low
The Reserve Bank of Australia (RBA) has decided to lower the cash rate by 25 basis points to 0.50%, and the biggest impetus for this decision was the global coronavirus outbreak. In the past, while small lenders and neo lenders were quick to pass on the rate cut, even major...
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Where To Buy Property In Each Capital City?
Total housing finance for the purchase of property had the highest monthly growth rate in over three years. It increased by 4.4% in December and signifies an additional $832 million borrowed for property purchases, according to the Australian Bureau of Statistics’ (ABS)...
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Property Market Update – January 2020
All capital cities experience upward trajectory Australia’s housing market is still going through a rebound, with a 0.9% increase in the home value index during the month of January. The Australian house market continued its upward rise in January 2020 across all capital...
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Credit Reporting Code Amended: Big Win For Consumers
Tens of thousands of Australians whose credit ratings have been unfairly impacted by civil court actions such as court writs, summons, and judgments can breathe a sigh of relief. The Office of the Australian Information Commissioner (OIAC) approved changes to the Credit Reporting...
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Does A Higher Credit Score Mean Better Rates?
Does your credit score affect mortgage rates? Yes. However, does a higher credit score give you better rates? No! If one borrower has a good Equifax credit score of 700 and another borrower has an excellent Equifax credit score of 900, both of them will likely qualify...
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