What Is Going On In The Mortgage Industry

Russel Alam Uncategorized Leave a Comment

RBA CASH RATE UNCHANGED The Reserve Bank of Australia (RBA) has decided to keep the cash rate at 1.5 per cent for the 25th consecutive month of RBA announcements MORE TIGHTENING TO INTEREST ONLY LOAN Earlier this year, the regulator announced new curbs to interest-only lending. Regulator’s focus on tightening of credit regulations on interest-only loans is a welcome change as it …

Easy refinancing for a better deal on your home loan

Sourav Dey Roy Uncategorized Leave a Comment

While refinancing your home loan may seem overwhelming at first, it’s less complicated than you might think. With historically low interest rates and increased competition across the home loan industry, lenders are keen to get your business. When you first took out a home loan, you probably paid very close attention to interest rates, but once the loan settles most …

Property experts slam 60 Minutes housing crash scaremongering

Graeme Salt Knowledge Centre, Uncategorized Leave a Comment

Isabelle Lane| The New Daily| 17 September 2018 https://thenewdaily.com.au/money/property/2018/09/17/housing-crash-60-minutes/ A television report alleging Australian home prices could crash by as much as 40 per cent in the next year has been slammed by property experts. Titled “Bricks and Slaughter”, the 60 Minutes report by journalist Tom Steinfort focused on a “nightmare” scenario outlined by Digital Finance Analytics principal Martin North. It predicted “two-fifths of your home’s worth [would be] wiped …

The surprising capital city suburbs where rental properties ‘pay for themselves’

Graeme Salt Knowledge Centre, Uncategorized Leave a Comment

Isabelle Lane| The New Daily| 3 September 2018 https://thenewdaily.com.au/money/property/2018/09/03/top-suburbs-rental-returns/ “Plenty” of inner-city suburbs turn a profit for landlords right away, analyst Simon Pressley says. Photo: Propertyology Isabelle LaneJournalist Share TweetShareRedditPinEmailComment Property investing is typically a long game, but data shows that  rentals in select suburbs around the nation are proving cashflow positive for landlords almost instantly due to a combination of low home prices and high rental returns. …

How to speed up your home loan approval

Sourav Dey Roy Broker 2, News, Uncategorized Leave a Comment

Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application along.   Although very rare, …

The cities tipped to lead property price growth as Sydney slows

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David Chau| The New Daily| 25 June 2017 https://thenewdaily.com.au/money/property/2018/06/25/property-price-growth-cities-bis-report/ In the next three years, house prices in Brisbane, Perth and Canberra are expected to surge most — while the Sydney market slows to a crawl. Though in the short term, property price growth will remain weak, or even decline in some markets, according to industry analyst BIS Oxford Economics in …

What is a comparison rate???

Sourav Dey Roy Uncategorized Leave a Comment

Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates. If you are planning to buy a property or refinance, you must have noticed an advertisement where it shouts ‘3.6% INTEREST RATE!’ and, underneath or beside that seemingly too-good-to-be-true rate it would say …