CHOICE, Australia’s consumer watchdog, launches a campaign for people to stand up against the big four as a new research from the French bank Societe Generale reveals that the claimed high funding costs is questionable. A research note from Societe Generale states that, “the claim that the recent increase in mortgage rates is due to [...]
A leading investment group advises lower income earners to get into property investment even more than those with higher salaries according to an article by Jennifer Duke in spionline.com.au . Neil Smoli the managing director of Aviate Group says that the average Australian’s ideal path to financial security is through owning an investment property. Smoli [...]
As Australia’s auction clearance rates made a dramatic fall in the past 12 months, several real estate agents are going after the tender process. As auctions lose their appeal through low competition and are property reputation is stained with the thoughts of being not marketable, agents opt for the tender process as it only needs [...]
Harley Dale, Housing Industry Association (HIA) chief economist reported in spionline that despite continuing challenges, there is still the presence of signs that conditions are improving. Dale stated, “The contemporary climate for housing in Queensland is very tough, but there are some signs of recovery emerging. Low confidence has been a killer in the Queensland [...]
Michael Matusik, a leading property analyst is reported in spionline.com.au as saying the residential property market in Melbourne is now oversupplied and may even take years to recover. Matusik believes that investors are being kept out of the market due to high vacancy rates and low confidence. Matusik said on the conference of Urban Development [...]
Due to last year’s European crisis, Australian banks funding costs have grown considerably. In the past week, Australia’s big four raised the standard variable rate on their mortgages, citing higher funding costs. A senior official of the Reserve Bank of Australia confirmed the banks’ reasons that funding costs are significantly higher due to Europe’s debt [...]
The Department of Infrastructure and Transport speaks of a new major infrastructure which will open up regional Victoria. Part of the plan to improve the Western Highway duplication gets realized as a $152 million contract was awarded to Victoria to work on a 23km section of highway. Terry Mulder, the Federal Parliamentary secretary for Infrastructure [...]
“The property market is on a knife edge. A rate cut would have had an important impact on affordability and boosting confidence.” This was the comment of Residex CEO John Edwards on the RBA’s decision on keeping the cash rate on hold at 4.25% saying how the RBA missed the opportunity to help boost weakening [...]
The Housing Industry Association (HIA) believes that decisions made by Australia’s major banks, where they can change rates independently from the RBA could have adverse effect on home lending. The official interest rate cuts which happened on November and December last year had a positive impact on new home loans and home buyer confidence, this [...]
PRDnationwide’s new research reveals how Dubbo’s growing mining activity and rising rents is attracting investors. Oded Reuveni-Etzioni, PRDnationwide’s research analyst found a current drop in Dubbo’s number of properties which are listed for sale which then sequentially fuelled demand. A total of 249 houses were listed on the market in the 180 days till the [...]