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.
The Commonwealth Bank says it thinks house prices will fall by 10 per cent in Australia but still wants action to be taken to increase housing supply to address affordability.
The best thing you might want to do if investing in commercial property is assemble a ‘dream team’ of experienced operators that understand the process and understand why you are investing.
Mortgage Professional Australia has announced that Perry Finance Director and Melbourne Finance & Equity Group CEO Cameron Perry is one of MPA’s Top Ranked Commercial Brokers of 2022.
Prospective home buyers and investors are being warned to temper their expectations as the dust settles on the Reserve Bank’s first interest rate rise in years.
The Reserve Bank this week pulled the trigger on interest rates as expected, hiking the official cash rate by 25 basis points to 0.35 per cent.
