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Stories about interest rate are worth sharing because it affects every borrower’s life.Fixed Rate going down, Discounts going up for variable loans. One of the major banks is offerings 5.99% for 3 years fixed rate.Got 3 pricing done yesterday and, in all cases, rates for home loan when they came out of fixed rate term, […]

A $10,000 investment made in 1992 has shown remarkable growth across various financial instruments by 2022. In the Australian shares market, the investment has surged to an impressive $131,413, reflecting an annual return of 9.8%. Similarly, US shares have yielded substantial gains, reaching $182,376 with an annual return of 11.7%. Australian listed property investments have […]

Victoria is the latest state to announce sweeping changes to restrictive planning codes – no permit needed to build a granny flat or second small home of less than 60 sq m – in a bid to ease housing shortages, boost income and improve the ability to provide intergenerational living. But experts warn a backyard […]

Servicing a mortgage is close to as hard as it has ever been, just below the peak reached in 1989. A household earning average income would need to spend about a third of their income on mortgage repayments to buy a median-priced home. The hiking phase has pushed the cash rate target from 0.1 per […]

Before you go for loan, think about them and plan. As Benjamin Franklin said “If You Fail to Plan, You are Planning to Fail” Character. Tell us about the customer. Summarise their employment and credit history, and their financial behaviour.  Conditions. Tell us about the customer’s home loan needs; the loan structure, does the application meet responsible […]

Sharp Acceleration in Migration Inflows, Tightening in Rental Markets Low Level of Supply The combination of these 3 factors creating a situation where demand of housing exceeds the supply, leading to increased competition and rising property values……prediction from Westpac for coming 2-3 years….Only Time will tell but so far factors does support this.

This is typical when you see Good News for someone is Bad News for some one. In NSW, unemployment fell below 3% for the first time in records stretching back to 1978, the ABS data showed, and at 2.9% was the lowest across the country. The RBA in February predicted unemployment would reach 3.6% in […]

Still getting SMSF with over 100K sitting in retail bank account earning less than 1%. It is like burning your money with own hands. Do SMSF if you know how to manage money? Don’t copy because every second person thinks SMSF is best for him. The superannuation guarantee rate (SG rate) is the minimum amount […]

Australia’s mortgage market is experiencing a significant shift, with many homeowners coming off two-year and three-year fixed-rate loans onto much higher variable rates today. Starting during the 2020 pandemic, there was a boom in fixed-rate borrowing, as lenders slashed their fixed rates to record-low levels and many borrowers took advantage. At the peak, almost 40% […]

Australian property prices look to be trending upwards again, judging by the latest data from CoreLogic. After the national median price fell 9.1% between May 2022 and February 2023, it has since risen in consecutive months – by 0.6% in March and 0.5% in April. “Not only are we seeing housing values stabilising or rising […]