Home Loans & Mortgages

Property is, and always has been, a solid long-term investment, but maybe not the bonanza it can be right at this point in time.
So if you are thinking of buying a property as an investor, take your time and shop around, and negotiate on price, and buy wel located homes in good suburbs.

The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.

Australian homeowners and renters on hurting over mortgage rates, reduced family support, housing bubble concerns. Home buyers are disinterested.

So perhaps the RBA hinted interest rate rise won’t happen in June, even thought its still likely and we predicted it last month. New facts have emerged since then.

Some economists now say that home loan interest rate rise could push homeowners and renters over the top as mortgage rates for homeowners and landlords would increase the cost of living. It would also make home buyers stay away from the housing market and further add to falling home values. That would have to hurt bank profits.

Mortgage Rates in Australia the lowest in 45 years. Mortgage Interest rates are now at their lowest point in 45 years with the news that the RBA has cut the official cash rate 100 points this afternoon to 3.25 per cent per annum. Westpac passes on the Full Rate Cut Out of the big banks, [...]

A recovering jobs market could be the trigger an interest-rate rise next month, or use tightening credit standards to curb housing demand.