Housing sentiment may be turning, says Reserve Bank’s Malcolm Edey

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Stephen Cauchi| The Age| November 6 2015 http://www.theage.com.au/business/the-economy/housing-sentiment-may-be-turning-says-reserve-banks-malcolm-edey-20151105-gksa45.html Measures to cool down the Sydney and Melbourne property markets appear to be working, according to a speech given on Friday by Reserve Bank assistant governor Malcolm Edey. Dr Edey, who was addressing the Australian Property Institute’s Queensland Property Conference on the Gold Coast, said that measures last year to cool down overheated areas of the property …

Build a granny flat for less than $10k

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Alistair Walsh| Domain| September 1 2015 http://www.domain.com.au/news/build-a-granny-flat-for-less-than-10k-20140831-10amu2/ Building a granny flat could now take just hours and cost less than $10,000. An Australian firm is taking quick-build prefabricated homes, originally intended for mining companies, and offering them to the public. Jackson Yin, director of iBuild Building Solutions, says his granny flats take just four hours to build. Home comforts: The …

How to make a winning pre-auction offer

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12 October 2015| Christina Zhou| Domain http://www.domain.com.au/news/how-to-make-a-winning-preauction-offer-20151012-gk1of1/ Sneaking in an offer to beat your competition before hammer time isn’t just about having the deepest pockets – preparation and tactics are also important. If you intend to make a pre-auction offer, those in the know share some advice: Be the early bird David Wood, director at Hocking Stuart Albert Park, says buyers should “go …

ANZ predicts RBA will cut interest rates to 1.5%

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24 September 2015| Clancy Yeates| Sydney Morning Herald http://www.smh.com.au/business/banking-and-finance/anz-predicts-rba-will-cut-interest-rates-to-15-20150924-gju1vi.html ANZ Bank economists expect the Reserve Bank to cut official interest rates to a new record low of 1.5 per cent next year in response to a worsening global economy and stubbornly high unemployment.ANZ economists Warren Hogan and Justin Fabo on Thursday argued that the extra support would be needed to …

How buyers can capitalise on a changing property market

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9 October 2014| Sue Williams| Domain http://www.domain.com.au/news/how-buyers-can-capitalise-on-a-changing-spring-property-market-20151010-gk535e/ The property market is steadily turning into an excellent one for buyers, experts say, with the number of homes up for auction yesterday setting an October record and even more homes likely to go under the hammer in the next few weekends. Auction clearance rates are dropping and prices are increasing at a …

Home loans getting cheaper as lenders wage war

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22 September 2015| Clancy Yeates| Sydney Morning Herald http://www.smh.com.au/business/banking-and-finance/home-loans-getting-cheaper-as-lenders-wage-war-20150921-gjrelw.html Some smaller lenders have slashed advertised interest rates on new owner-occupier mortgages by twice as much as the Reserve Bank of Australia. The central bank cut official interest rates by 0.5 percentage points to two per cent over the past year to stimulate the economy. Several lenders have cut their most competitive advertised home loan …

Housing market stands its ground

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21 September 2015|Gary Shilson-Josling|AAP http://www.msn.com/en-au/money/homeandproperty/housing-market-stands-its-ground/ar-AAexMfV House prices just keep on going up even though the percentage of homes sold after being put up for sale is falling. Auction clearance rates dropped to 70.7 per cent last week, down from 72.1 per cent the week before, according to the weekly report from CoreLogic RP Data. That was well below this year’s …

Want to Buy a Car, Boat or Caravan?

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Did you know that Origin Finance also offers asset finance?  We can access over 20 lenders offering ultra-low car finance. We can access consumer and commercial lending (new and used assets) to include; motor vehicles, recreational goods (caravans, motor bikes, boats, jet skis etc), trucks and trailers, earthmoving equipment, industrial machinery, computers/ IT hospitality goods (ovens, fridges, fryers and cookers), …

Real estate agents: telling the rippers from the duds

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Sept 7, 2015| Johanna Leggatt| The New Daily http://thenewdaily.com.au/money/2015/09/07/real-estate-agents-telling-rippers-duds/ To some, they are the snake oil salesmen of the property industry, presiding over open home inspections – clipboard in hand – like haughty gods. But not all real estate agents should be tarnished with the same brush. A good agent is worth the money sellers pay them: they are professional, excellent negotiators and up-front …

Interest rates on hold but economists tip cut for Melbourne Cup Day

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Sept 1, 2015| Kirsten Robb| Domain http://www.domain.com.au/news/interest-rates-on-hold-but-economists-tip-cut-for-melbourne-cup-day-20150901-gjca4k/ The official interest rate remained on hold at 2 per cent on Tuesday but economists say the Reserve Bank of Australia may be forced to cut rates by November, making Melbourne Cup day a winner for mortgagees and spring buyers. The move to keep rates steady was widely expected, with experts agreeing the central bank is taking a …