While an increasing number of Australians could find themselves in ‘mortgage prison’, chief executive at Finni Mortgages said it’s important to shift the mindset. Despite the Reserve Bank of Australia (RBA) breaking its 10 consecutive rate hike streak in April, the chances of more hikes to come appear imminent. During an address at the National Press Club on […]
Mark Bouris has called on the federal government to allow astute borrowers ahead of their repayments to switch to interest-only payments to stimulate the property sector. Speaking on a recent podcast episode, Mr Bouris shared his belief the Albanese government should do more to reward prudent borrowers by allowing their repayments to shift from principal and […]
Hundreds of thousands of borrowers with fixed-rate mortgages face a bumpy road ahead this year as record-low fixed-rate loans expire and higher “revert” rates hit. Banks are calling it a “fixed-rate cliff”, and the worst thing you can do is wait for it to happen. There’s no need to panic; interest rates are simply returning […]
Rentvesting, or the act of investing in property while living in your desired suburb, has surged in popularity in recent years. This is due to the fact that it allows property investment to occur without the sacrifice of an individual’s lifestyle. For those considering whether or not they’d like to pursue this investment strategy, The […]
The housing market is the largest investment in most people’s lives. When you buy a house, you’re buying an idea of yourself — a place to live that meets your needs, a stable base to build a life around, and a symbol of your status. But there are times when the housing market gets out […]
In the past few years, we’ve seen so much movement in the property market. Despite the pandemic, the housing market in Australia has boomed in 2020 – 2021 and is now at the cooling or downturn phase of the cycle. The property market cycle is one of the most important aspects of investing in Australia. […]
The saying goes: you make profits in property when you buy, not when you sell. While you can obviously boost rent and value via renovation or redevelopment, there’s no denying that buying well is crucial. So, what are the principals of procurement that give the best chance of yielding a stellar outcome? I’ve found these […]
Suncorp became the 15th lender to cut its fixed home loan rate in August, which begs the question — should borrowers fix or stay variable? RateCity’s analysis found that in addition to lenders cutting at least one fixed rate since the Reserve Bank of Australia (RBA) board meeting on 2 August, 34 lenders have raised their fixed […]
Will South Australia’s new home-buying deposit scheme make or break the property market? According to an expert, naysayers need to look at the new policy in context and with data to see why it’s a “great policy”. The federal government recently announced that the state government-backed lender HomeStart had dropped the minimum deposit for its graduate […]
The incoming raft of changes to Queensland’s land tax laws will only add more strain to the state’s already-struggling rental market, an expert warned. Property investment expert James Fitzgerald from Custodian cautioned that the federal government’s introduction of a controversial land tax would have negative implications not just for Queensland investors but for investors all around Australia. […]