$2,000 Cash AND Your New Home!
Owner-occupiers are due to come to the fore in the current property market. The rapid price rises of the past couple of years have primarily driven by property investors, who have crowded out owner-occupiers. However, recent banking changes are going to make things harder for investors; clearing the way for owner occupiers. Prompted by government […]
Australian dwellings valued at $6 trillion after capital city home values surge 2.8% higher in July
CoreLogic RP Data Hedonic Home Value Index, July 2015 results Released: Monday, August 3, 2015 Melbourne and Sydney continued to set a rapid pace for capital gains in July, pushing the CoreLogic RP Data Home Value Index 2.8% higher over the month and 11.1% higher over the past year. The two tiered growth evident across […]
Who Wants Sexy Property Investment?
My kids call me a dag and my wife says I have the flair of Val Doonican. But, with investments, that is what is needed. I have just read an article in the UK media about the quality of the homes developed by Kevin McLoud, the presenter of Grand Designs. Personally, I like the show, […]
Australian Dollar Update
The Australian dollar is experiencing significant seller pressure today in response to a soft reading on the closely watched ‘flash’ manufacturing output index out of China. A ‘warning’ from S&P that it may downgrade Australia’s credit rating if political deadlock precludes meaningful repair of Canberra’s budget is also cited as contributing to the selling pressure. […]
Want an Interest Rate Cut? Don’t Hold Your Breath
The Reserve Bank meets in a few days, already we are getting speculation on the future for interest rates. If you are holding out for a cut in interest rates, you may be disappointed. But the good news is that interest rates are likely to remain low for a considerable time. On Wednesday, there were […]
7 Tips to Making a Profit from Cool Markets
I am in Perth. It is 3.00am and I cannot sleep. So, what do all good mortgage brokers do in such instances? Reflect on the diverse nature of Australia’s property markets and where best to invest of course! According to RP Data, Perth property declined 0.4 per cent last month. And, conversations with WA colleagues […]
Yes, The Screw Has Turned
You heard it here first. In May I said that the screws were being turned to cool down lending on investor properties. You can read this by clicking here. Now, the Australian Bureau of Statistics has reported that the number of home loan approvals fell by 6.1 per cent in May. Financial regulators have expressed concern […]
Rates on Hold
As capital city house prices continue to heat up, The Reserve Bank of Australia has announced the result of its monthly board meeting. As expected, the Reserve Bank left the official cash rate at a record low of 2.0 per cent for the third consecutive month. All 33 economists and commentators surveyed by comparison website […]
Winter’s A Good Time To Buy Property
Its winter, there are fewer properties on the market and prices are at record highs, can you still buy property? The answer is yes – if you are organised. When it comes to the quieter months, it is likely that there will be fewer properties on the market to choose from, however there […]
Case Study – Steve and Colleen Pocknall
Steve and Colleen contacted me in February 2014, wanting to buy their first home together. They had a strong saving’s history. But their loan application was complicated by the fact that Colleen was new into her teaching contract and they were dipping their toe into the Sydney property market just as it was going into […]