Sydney And Melbourne House Prices To Soar Again By 12%

personOtto Dargan access_timeNovember 1, 2019

Sydney and Melbourne house prices are expected to grow by more than 12% by the middle of next year, according to ANZ economists. While most property reports and predictions are forecasting modest growth, ANZ is predicting a sharp rebound following the Reserve Bank’s...

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Can Afterpay Affect Your Home Loan Application?

personOtto Dargan access_timeOctober 31, 2019

Buy now pay later services like Afterpay and ZipPay are raising questions with lenders about a borrower’s ability to repay their home loan. It gives the impression that borrowers do not have sufficient amounts of cash on standby and are living paycheque to paycheque. Banks...

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5 Per Cent Deposit Scheme Passes Legislation

personOtto Dargan access_timeOctober 22, 2019

The 5% deposit scheme for first home buyers known as the First Home Loan Deposit Scheme passed legislation on 15 October 2019. The National Housing and Investment Corporation (NHFIC) Amendment Bill 2019 was introduced to the House of Representatives on 12 September and the...

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How To Buy When The Market Is Rising?

personOtto Dargan access_timeOctober 9, 2019

The market is heating up! According to CoreLogic data, Sydney and Melbourne are now rising markets with a sustained dwelling growth of 3.5% and 3.4% this quarter as of 30 September 2019. In addition, combined capital city auction clearance rates have surged above 70% and...

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The Way Your Credit Score Is Calculated Has Changed

personOtto Dargan access_timeOctober 4, 2019

The Big Four banks of Australia have fully adopted the Comprehensive Credit Reporting (CCR). The introduction of CCR changed the type of consumer credit information that can be collected and reported. Previously, Australia only had a negative credit reporting system but...

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How Are First Home Buyers Bridging The Deposit Gap?

personOtto Dargan access_timeOctober 4, 2019

Seven in ten recent first home buyers (FHB) did not fund 100% of the deposits from their savings, according to The Genworth First Home Buyer Sentiment Report. To bridge the deposit gap, both recent first home buyers and prospective first home buyers are increasingly looking...

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Fixed-Rate Home Loans Drop Below 3%

personOtto Dargan access_timeSeptember 11, 2019

Over the last month, several of our lenders announced that they’re decreasing the interest rates on their fixed rate home loan products. Fixed rates have fallen below 3%. We’ve listed the best fixed-rate home loans available from our panel of lenders below. Owner-occupied...

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RBA Says: Expect An Extended Period Of Low Interest Rates

personOtto Dargan access_timeSeptember 11, 2019

Great news for borrowers! The Reserve Bank of Australia’s Governor Philip Lowe says that the cash rate will stay low for the long term. In its 4 September meeting, the RBA has decided to keep the cash rate unchanged at 1%, which means that borrowers can enjoy a longer...

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Property Market Predictions – QBE Report 2019

personOtto Dargan access_timeSeptember 11, 2019

According to QBE’s Australian Housing Outlook 2019-2022, house prices across all the capital cities are set to grow in the next three years. With Brisbane house prices expected to grow by as much as 20.3%, it may very well be the next property hotspot, it is followed...

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How To Prepare For The Spring Property Season

personOtto Dargan access_timeAugust 13, 2019

The busy spring property season is just around the corner, and you know what that means? Whether you’re planning to buy or sell, NOW is the time to start getting organised. Here’s how. Tips if you’re planning to buy this spring Get your finance sorted pronto There’s...

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