Home Loans & Mortgages

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 [...]

Those that are in a position to buy right now, need to shop around and drive a hard bargain. There will be plenty out there right now. Remember what seems cheap now may seem too dear if prices drop further as they have done in the UK and the US recently. Cash is King in this housing market.

Mortgage Rates: RBA may lift rates next month, if not then August As the impact of rising fuel prices and the devastation of the floods hit Australian inflation, major banks are shifting their forecasts for the next official interest rate rise to next month. Inflation will hit interest rates The Reserve Bank of Australia tries [...]

Why First homebuyers aren’t buying? Affordability!

During the last 10-year period, house prices have risen highest in Perth and Brisbane, where home prices for a new home have nearly trebled over the past decade. That is making homes unaffordable for first home buyers. Especially with talk of higher interest rates

Housing prices have trebled over the past ten years and wages have gone up maybe 50%?
A report suggests that two-thirds of Queensland families would not be able to afford a median-priced home, a new housing industry study shows. I do have some problems with this housing market report, and I’ll point those out in a minute. But it does highlight the fact that the dream of homeownership in Queensland has become largely unaffordable to Joe and Jill average first home buyer.