It seems our predictions for 2009 didn’t seem to come to pass.
Many thought prices would fall significantly due to the global economic crisis, and they didn’t.
Then we expected prices would ease when government grants to first-home buyers dropped, but that does not seem to be happening either.
So where do we sit at the beginning for [...]
Followers of the financial press will by now have heard that doomsday economist Steve Keen has lost his high-profile bet with Macquarie Group economist, Rory Robertson.
Keen rose to national attention in 2008 after predicting that housing prices in Australia were on the verge of a collapse. Unsurprisingly, the tabloid media leapt onto the sensational story, [...]
The proposed changes to the Privacy Act would allow banks to investigate the type of each current credit account; the date each current credit account was opened; the credit limit of each open account; the date on which each credit account was closed; and credit repayment history.
Access to your credit bureau file will remain limited [...]
Low Document Loans are Dead, says John Symond – was a recent heading in The Australian, but is this really where we sit today?
Westpac, St George and RAMS are the latest lenders to follow in the footsteps of CBA, ANZ and NAB who tightened up on their policy for self employed borrowers six months ago. [...]
Consumer confidence has risen towards a two year high driven largely by an increase in house prices and the resilience of the labour force.
The housing gain meant prices have now recovered most of the ground lost since the start of last year and have gone a long way towards dispelling any lingering concerns that local [...]
Are you paying more interest on your home loan simply by not utilising an offset facility? If you want to pay off your principal & interest mortgage sooner or reduce your monthly interest on your interest only mortgage, a home loan with an offset facility can be a quick and simple option.
How it works
A mortgage [...]
Westpac’s decision to increase the interest rate on its fixed rate mortgages has again widened the gap between fixed and variable rates and has led experts to declare that home owners still considering locking their rate in for the next three or five years have almost certainly missed their chance to get the best deal.
Westpac [...]
You may never have built before and may never have even thought about it but could now be the time to start? Australia is more than 180,000 homes in undersupply. We could keep building for 18 months and only catch up on demand. In his June quarter report Matusik provides some very interesting statistics to [...]
...Read MoreMatisik Property Insights, June quarter report, provide some very interesting stats taken from the RBA, ABS, HIA and RP Data, to give us some insight into our current economic climate.
“Interest rates take between six and twelve months to stimulate the market and especially new housing starts. The economic conditions, given the rapid easing in interest [...]
Opportunity Knocked…But If You Blinked, You Might Have Missed It!
A few weeks ago, we posted an article relating to the last 20 blocks available in a major estate in a fast growing suburb in Queensland’s Sunshine Coast… offered up by the developer with massive discounts of $20,000 – $50,000!
Global financial crisis or not, we knew [...]
