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Almost 50 lenders have announced variable rate cuts, following Tuesday’s RBA decision to cut official interest rates by 0.25 per cent. It was good to see all four major banks cut their variable mortgage rate by the full amount. But make sure you, as an existing borrower, benefit from the cut and not just new… Read more »
“May you live in interesting times” is a traditional Chinese curse. When you consider the origin of the Coronavirus and the financial ructions it is causing around the world, the curse has a lot of modern day significance. In investment circles, Coronavirus is a “black swan” event… something absolutely no-one saw coming. There is no doubt… Read more »
Australia’s official cash rate now sits at 0.50% following a 25 basis points cut It’s the fourth rate cut since June 2019 amid growing concerns about the impact of the coronavirus on the global economy RBA says “global growth in the first half of 2020 will be lower than earlier expected” While housing prices have… Read more »
A “tree” or “sea” change is the dream of many Australians but often it comes with a big price tag. Hard as it is to believe, you can still buy properties near the beach for “first home buyer” prices, as long as you are prepared to travel outside the major cities in Australia. Realestate.com.au has compiled… Read more »
It has been a pretty rugged week on financial markets hasn’t it. It’s a great reminder that financial markets are made of humans and when they panic the herd mentality kicks in. Investor psychology is a major driver of sharemarket performance… as we’ve seen. The definition of a “market correction” is a pull back of 10… Read more »
People selling property in Hobart could be the most likely to make a profit, new research shows. Find out which council region in your city delivered the most reliable gains in 2019. One way to spot a strong local housing market is to check how many properties are reselling at a profit, according to research… Read more »
The rebound in the Australian home auction market continued last week as both the number of auctions and clearances continued to trend higher, according to the latest figures from CoreLogic. Across the combined capital cities, 2,446 homes went to auction, with a preliminary auction clearance rate of 77.7%. That’s up from 1,596 auctions the previous… Read more »
Amid the heartbreak of losing or facing the loss of a loved one, having to deal with the ongoing demands of everyday life adds another layer of stress, especially when it comes to your mortgage. The Commonwealth Bank (CBA) has sought address that concern, launching an Australian first that covers mortgage repayments for up to… Read more »
Happy Friday everyone. Sharemarket continues to soar, gold is at a record high in Australian dollar terms and the Aussie dollar itself is at an 11 year low. It has been a big week of contrasts for financial markets – The sharemarket has been driven by good profit results from major companies. – Gold is… Read more »
Australia’s real estate auction markets are heading back towards boom levels, the national clearance rate at 78.6%, based on preliminary results, and Sydney, Melbourne Canberra and Perth around or above an 80% clearance rate with the number of properties also well above the levels seen 12 months ago. Capital City Auction Statistics (preliminary). Source: Corelogic … Read more »
