Cheap money also allows people to borrow more with the average home loan in Australia reaching $500,000. Since the Federal election the average new home loan has lifted by around $60,000 or 16 per cent. Rate cuts and increased buyer enthusiasm for property have driven the gains. But with wages growing at a 2.2-2.3 per…

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With Governor Philip Lowe confirming low rates are here to stay. Competition in the home loan market has continued to heat up. There are now over 30 lenders offering variable mortgage rates starting with a “2”. Lowest advertised rates on RateCity.com.au Variable rates Lender Advertised rate Reduce Home Loans 2.69% Well Home Loans 2.72% Homestar Finance…

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Property prices are rising rapidly again in Australia’s two biggest capitals, Sydney and Melbourne, with values up 1.1% and 1.2% respectively, in January. The national rebound continued to start 2020, with the CoreLogic national home value index up by 0.9% in January. That takes the annual growth rate to 4.1%; the fastest pace of growth…

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The bushfire devastation has been incredibly distressing for so many Australians this summer. The emotional and financial scars will be felt for a long time on so many levels. My heart goes out to those rebuilding their lives, homes and businesses. One of the biggest financial hits to these regions will be to the value…

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Looking to buy your first home but don’t know where to start? The key is to make sure the home you buy is the one you can afford. Here are seven steps to take to make sure you’re on the right track: 1. CHECK YOUR CREDIT SCORE AND LOOK AT YOUR CASH FLOW Knowledge is…

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An investigation into the places in Sydney and Melbourne where people hold onto their properties for a long time has given new meaning to the meaning “exclusive suburb”. RiskWise Property Research has found the five suburbs in both capitals where people hang onto their homes for at least 20 years and whether upmarket or The…

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Surging property values in Sydney and Melbourne during November, along with a housing rebound in Perth, has delivered the biggest increase in national house prices in 16 years. Sydney and Melbourne property prices rose 2.7% and 2.2% respectively in November  Those increases, along with Perth rebounding, led to the biggest monthly jump in national house…

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I met a bloke this week who is in an ongoing dispute with one of the big banks over guarantees against a series of property investments he did with a business partner. Basically he and the business partner borrowed millions to build a property investment portfolio. The business partner then skipped out and the bank…

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Australia’s two biggest property markets, Sydney and Melbourne, are projected to hit new peaks by the end of 2020 that could see regulatory authorities reintroduce measures to calm an overheated market, according to RiskWise Property Research. While the market has been subdued for around two years, the Reserve Bank’s interest rate cuts and relaxed lending…

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What’s the first thing that comes to your mind when you think of a mortgage application? Piles of paperwork? Death by documentation? What if you could get approved for a home loan in a matter of hours without having to provide any physical documents? Yes, it is possible.  As of today, 86 400 has become…

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A few years of stellar returns has convinced many people that investing in property is a sure thing....

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How are your parents’ finances?

It’s a funny thing when you realise that your parents are old. It makes you reflect on their...

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Superannuation & Share dive

Every working Australian is invested in the sharemarket… through their superannuation. As global sharemarkets tank and the doomsayers...

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