It’s another big hit for borrowers, who can expect to pay almost $300 a month extra on a $1 million mortgage.
The ANZ Bank have tipped Australian house prices to drop nearly 20 per cent before rebounding by around 5 per cent in 2024.
If you are blindly sticking with your same lender out of loyalty, you could be one of the many Australians collectively losing over $4 billion a year because of it.
A new survey has revealed the reasons Australians in today’s economic environment like turning to mortgage brokers.
The National Australia Bank has released data showing rising interest rates will likely hold back the commercial property market well into 2023.
Higher interest rates are taking the appetite from property buyers and it means falling house prices, but at the same banks are winding back how much people can borrow.
People who own a small business have a fundamental question as they get started – should they buy or rent their commercial property space?
Just two months ago the interest rate was sitting at just 0.35 per cent, which is a full 1 per cent lower than it is right now.
It’s hard to remember a time when building costs were less stable than they are currently, which makes the rise and fall clause in building contracts red hot right now.
The Reserve Bank this week hiked the official cash rate much more than expected, by 50 basis points to 0.85 per cent.
