Australian Property Market Update: January 2021

personOtto Dargan access_timeFebruary 10, 2021

Australia’s housing market is experiencing a recovery, with home values rising by 0.9% in January 2021.  All the capital and regional cities record a rise in their home values, with regional capitals averaging 1.6% growth while capital cities averaged 0.7%.  Why...

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More Properties Can Avail FHLDS Now!

personOtto Dargan access_timeFebruary 10, 2021

House prices drop, more property available for FHLDS The pandemic has created a big ruffle in the housing market of Australia – the demand for the properties have taken a plunge with the onset of COVID-19. This decline, in turn, has created opportunities for issuers...

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New Credit Reporting Law Here To Help Or Hinder?

personOtto Dargan access_timeFebruary 10, 2021

The new Comprehensive Credit Reporting (CCR) law which passed both houses of parliament expands the information banks must report to credit agencies about their customers’ credit history. It means lenders will have access to far more information on you as a borrower through...

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How To Pay Off Your Mortgage Faster In 2021?

personOtto Dargan access_timeFebruary 5, 2021

The COVID-19 pandemic has been an eye-opener for many Australians as they are starting to take a hard look at their finances. With the RBA cash rate down to 0.1%, most borrowers are looking to refinance to fixed-rate. However, both fixed and variable rate home loans have their...

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What Will Happen To Australia’s Property Market In 2021?

personOtto Dargan access_timeJanuary 6, 2021

In 2020, overall Australian home values were 3% higher, with regional housing values rising by 6.9% – over three times higher than that of combined capitals. In December, the national home value index rose 1%, which was the third consecutive month-on-month rise in home...

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Australians Are Paying Too Much On Their Home Loan: ACCC

personOtto Dargan access_timeDecember 17, 2020

Australians with older home loans are losing thousands of dollars by not checking for better home loan rates. Borrowers are spending far too much repaying their home loans by not seeking a lower interest rate from their exisitng lender or switching to a new lender. You...

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Pros And Cons Of Interest Rate Drop

personOtto Dargan access_timeDecember 14, 2020

On November 3rd, the Reserve Bank of Australia (RBA) announced a record low interest rate cut that reduced the cash rate to an unprecedented 0.10 per cent.  A rate cut can prove beneficial with home financing, but the impact depends on what type of mortgage the client has,...

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Australian Property Market Update: November 2020

personOtto Dargan access_timeDecember 3, 2020

The Australian property market is continuing its recovery, with housing values for November 2020 rising 0.8%. This is on the back of the 0.4% rise in October 2020.  Melbourne’s values experienced a 0.7% growth, surpassing the 0.4% and 0.6% growth experienced...

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Fixed Rates Are Below 2%: Is It Time To Fix My Home Loan?

personOtto Dargan access_timeDecember 3, 2020

When the Reserve Bank of Australia (RBA) announced the historic low cash rate of 0.1%, most lenders slashed their fixed rates to below 2% and held off on reducing their variable rates.  To fix or not to fix?  Seeing fixed rates advertised below 2% seems enticing, however,...

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Where, What And Who Is Using The FHLDS?

personOtto Dargan access_timeDecember 2, 2020

An interactive map-tool launched by the NHFIC lets first home-buyers see where people are buying their first homes, their ages, income, and deposit saved. The tool aids buyers make a better purchase decision. The NHFIC rolled out the First Home Loan Deposit Scheme (FHLDS)...

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