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Category Archive for 'Finance'

At its meeting yesterday, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the housing market continue to vary considerably around the country. In some markets, conditions are strong and prices are rising briskly. In other markets, prices are declining. In the eastern capital cities, a considerable additional supply […]

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With the aim of improving housing affordability for first home buyers, the Victorian Government has announced several changes to stamp duty costs. From July 1 stamp duty will be entirely abolished for first home buyers purchasing a property valued below $600,000. Discounts will also be available for property purchases between $600,000 and $750,000 on a […]

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Interest only loans are becoming increasingly popular. ASIC data indicates that one in four owner-occupier loans in Australia is now interest only, and two out of three investment loans. With an interest-only loan, the lender issues a standard mortgage but agrees to a term in which the borrower pays only the interest, which means monthly […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have continued to improve over recent months. Business and consumer confidence have both picked up. The Australian economy is continuing its transition following the end of the mining investment boom, expanding by around […]

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If you’re in the market for a brand-new house or significant renovation, you should shop for your builder as carefully as you shop for your home. Here are some factors to consider to help you choose the right builder: Competency – Can your builder meet your every need from the beginning of the building process […]

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Looking to buy a property in Melbourne for the first time but don’t know where to start? You’re not alone! And for that reason, The Real Estate Institute of Victoria (REIV) is holding a free homebuyer’s seminar on Wednesday 19 April. The seminar is an exclusive opportunity to hear from expert property professionals on how […]

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At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. In Australia, the economy is continuing its transition following the end of the mining investment boom. GDP was weaker than expected in the September quarter, largely reflecting temporary factors. A return to reasonable growth is expected in the […]

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The Australian Bureau of Statistic has just released figures indicating Australians are entering the property market later than ever before. The 2013-14 data, shows that less than 50% of Australians bought their first home between the ages of 25 and 34 years old. Back in 2000-01 that percentage was up over 60. One of the […]

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The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders said, “The recent Adelaide Bank/REIA Housing […]

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The Melbourne property market is driving a national spike in $2million+ property prices. Not that long ago, $1 million guaranteed the purchase of an exceptional family home – a property where you could settle in and expect to be comfortable for life, only looking to down size when the nest became empty. Over the past […]

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