Home Loans & Mortgages

Overseas residential property investors are pouring their spare cash into Queensland, Australia’s ‘Sunshine State’, spending more than $1 billion on Queensland real estate last year. The property drive has resulted in 1.29 million hectares of land in 22,046 parcels being owned by people from 132 countries, with investment jumping from $1.6 billion in 2005-06 to [...]

As Victoria’s housing  values have plummeted about $40 billion in the past six months, we need to ask why it is such a bad thing. Afterall the Sharemarket has corrections all the time, so why do we expect the real estate values to climb relentlessly without having the same laws of the market apply.  Let’s [...]

The Reserve Bank of Australia Board meets today to decide the fate of homeowners home loan rates, and whether to raise interest rates Our tip is that home loanrates will stay as is. The RBA will not raise the official cash rate till the picture of the Australian and World Economies becomes clearer. Sudden collapse [...]

Home buyers turn to no deposit and  low-deposit mortgages Lowering home affordability means that first-time home buyers are cutting back on the size of their deposits and opting for bigger mortgages, industry people say. Average deposits for first-time buyers have shrunk to between three and six per cent in recent years compared with the traditional [...]

Interest rates will have to rise further if the dip in inflation late last year is not sustained, the International Monetary Fund has warned. In its twice-yearly global economic outlook, the IMF has sliced Australia’s growth prospects but held its forecast that the world economy will grow by 4.9 per cent this year and next. [...]