Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Do you want to do a 25,720 km, 56 days 4 hours travel for 1.03% p.a. discount on your home loan? I saw the Suncorp Bank “1.03% p.a. discount for the life of the loan” marketing campaign a few days ago. Today I thought I might go to their branch to have a chat. I went to …
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According to realestate.com.au, based on the number of properties listed for sale in a particular suburb combined with the number of visits on the website to homes in that suburb, Sutherland and the northern beaches are where most people in Sydney want to live, with home buyers seeking a mix of lifestyle and infrastructure. The …
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What is negative equity? Negative equity occurs when the value of your property is less than the outstanding balance on your home loan. Ben Phillips, principal research fellow at the National Centre for Social and Economic Modelling, helped prepare an analysis which pointed to 60,000 households nationwide with negative equity. While the percentage of home …
FIRST home buyers jumped on the state government stamp duty sweetener for property priced up to $600,000 when it was first offered in 2004. But based on Sydney’s median price, the return on their investment might not have been as much as they expected. The longest property boom on record – a decade of growth …
Continue reading “Property growth rate in the past eight years to 2011”
The Australia’s big four banks finally decided to pass on the Reserve Bank’s 0.25 point cut. ANZ move first, announcing yesterday on 08/12/2012 it would cut its standard variable home loan rate from 7.55 per cent to 7.30. Fellow Melbourne-based giant NAB followed quickly, dropping its standard rate to 7.22 per cent. Commonwealth fell into …
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Although the government repeats its demands they pass on the interest rate cuts, none of the big four banks – ANZ Bank, Commonwealth Bank, National Australia Bank or Westpac – has revealed the results of their reviews of their interest rates almost two days after the RBA’s rate reduction on 06/12/2011. Australia’s big four commercial …
Continue reading “$5.6 million daily rip-off by the big four banks on mortgage”
6 December 2011, the RBA cut the cash rate by 25 basis points to 4.25 per cent. If passed along in full by the banks, this cut will save the average mortgage holder – with a $300,000, 25-year mortgage – about $47 a month. It seems that the central bank has now shifted its stance …
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Are hundreds of Australian investors going to lose millions of dollars in the American property market? It might be! Prices for American properties are so low and the Australia dollar is so high that an investment in “the home of the brave and the land of the free” seems like a really good idea. You’ll …
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How can you pay off your home mortgage or home loan faster? There are many things you can do. Here are some tips from everyday Australians who are repaying their mortgage like you. 1. Make fortnightly repayment instead of monthly. You have to take advantage of the fact there’s 12 months in the year, but …
Summary Australia capital city home prices fell by four per cent in the year to October 2011. Flat to lower house prices for the next six months or possibly the next 12 months. Australia capital city home prices fell by four per cent in the year to October 2011, after a 0.5 per cent decline …
Continue reading “2011 Property prices – November 2011 update on capital cities”
According to Mortgage News Daily, the Federal Housing Finance Agency’s seasonally adjusted purchase only price index (HPI) shows that U.S. house prices rose slightly in the third quarter of 2011. The HPI is calculated from data on home sales obtained from Freddie Mac and Fannie Mae acquired purchase money mortgages where previous mortgages were also …
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Should I invest in apartments OR houses? Is a property’s value is in the land OR a property’s individual characteristics are far more important? In my opinion, the only thing that matters is what type of property will deliver a bigger return on investment in the long term. According to the Real Estate Institute of …
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What to do about noisy neighbours? Question I live in a block where, for the past year, there’s been a group of very noisy youths in one unit, shouting, swearing and talking loudly on their balcony all night, coming home at 4am and being rowdy until 8am or longer, with bottles being smashed and music. …
Don’t be afraid to refinance your home loan! Savvy home loan owners happy to refinance. The HSBC Bank Australia’s latest survey showed that home loan borrowers are confident when looking at refinancing options and will happily shop around for better rates. The survey polled over 30,000 Sydney and Melbourne respondents showing that 80 percent of …
Stable interest rates and improving economic conditions will drive house prices up by 20% in the next three years, with Perth and Sydney leading the way, a major mortgage insurer says. QBE Lenders’ Mortgage Insurance (QBE LMI), which supports lenders, has forecast price growth of up to 20 per cent in Sydney and Perth by …