How would you like to save yourself $6,000?

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How would you like to save yourself $6,000? That is what many of our clients are achieving by making sure the banks do the right thing. Recent research from the Reserve Bank of Australia shows a massive gap in interest rate between existing and new loans – proving that it pays for home-owners to shop around between lenders. Banks are …

Investors Look at Options in Downward Market

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REAL ESTATE RENEE MCKEOWNMON 30 MAR 20 Investors are looking at their options with homes pulled off the market, leases extended and auction clearance rates dropping in-line with Covid-19 economic uncertainty. Forty per cent of auctions were pulled from the market and clearance rates dropped to 51.4 per cent on the weekend according to Corelogic. Buyers and sellers were urged to …

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

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20 March 2020. Australian Banking Association CEO Anna Bligh today announced a small business relief package from Australia’s banks. “This Assistance Package will apply to more than $100bn of existing small business loans and depending on customer take up, could put as much as $8 billion back into the pockets of small businesses as they battle through these difficult times,” …

Is it a greater opportunity for first home buyer?

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Is it a greater opportunity for first home buyer? According to a report from CBA economist Gareth Aird, Australian house prices have been rocketing since 2012. At one point it felt like The first home buyers dream is going away and then further away… But what goes up, Must come down. Australian property market – particularly Melbourne and Sydney – …

What Is Going On In The Mortgage Industry

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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 …