Henry Daniell-Vinton
Time to Fix?
A recent surge in the cost of funding term loans has triggered a wave of repricing in the fixed rate mortgage market in the past week. Unlike variable rate mortgages that are linked to the Reserve Bank’s monthly decisions on the cash rate, fixed rate mortgages are priced according to movements in rate benchmarks […]
Your Bank May Not Allow You To Invest Where You Want To Invest
Due to government pressure, banks are making it tougher to buy investment properties. Now, one bank has decided to restrict lending in one particular state. This decision will have a profound impact on which property markets will thrive and which go sideways. This week, ING announced a reduction in the amount it will lend […]
I love being a Mortgage Broker!
Helping people achieve their dreams whether it’s buying their first home or adding to their retirement investment portfolio is immensely satisfying. Unlike a bank manager, my job is to sit with my client and navigate the thousands of options available from multiple lenders to ensure we find the most suitable one. I also make sure they know what extras might […]
Danny Tay
Your Loan Approval May Not Be Worth The Paper It Is Written On
Over the past few days the banks, prompted by regulators, have made it more difficult to get an investment loan. So, you may want to get a second opinion on whether your loan approval still stands. Here is what has happened Prompted by pressure from the Australian Prudential Regulatory Authority (APRA) to limit property […]
We May Have Had a Rate Cut, But the Screws Are Being Turned
Whenever the Reserve Bank reduces interest rates, it is always a case of good news/bad news. Sure it is good news that mortgage repayments become lower. But it is also means that the economy is slowing. The implications of this week’s announcements are more nuanced than ever before – some investors will be […]
We May Have Had a Rate Cut, But the Screws Are Being Turned
Guest post by Graeme Salt, 14 May 2015 Whenever the Reserve Bank reduces interest rates, it is always a case of good news/bad news. Sure it is good news that mortgage repayments become lower. But it is also means that the economy is slowing. The implications of this week’s announcements are more nuanced than ever […]
Gary Ablett, Batman, The Economist and The Property Market
Australian property is 25 per cent over valued, The Economist recently concluded. Amongst the 26 property markets it monitored, The Economist concluded that Australia is the second dearest country in which to buy property. This pessimistic view is probably not shared by The Reserve Bank of Australia, nor many property sector economists. As Dr Andrew Wilson of The Domain Group […]
Six Tips to Mortgage Approval
While interest rates are low, the property market in parts of the country is red-hot, which means that would-be home buyers need to maximise their borrowing capacity if they want to buy their dream home. Here are some tips that will boost your borrowing powers: Know what the banks know The first thing any […]