The coronavirus is all over the news and starting to affect the stock market significantly but it hasn’t made much impact on Melbourne’s property market yet.
The RBA made the move largely in an attempt to counter the economic damage from the global coronavirus spread and the recent bushfire crisis here at home.
Hobart’s population is booming thanks to a hipster gentrification surge and property prices having been following suit.
The Commonwealth Bank has axed its fixed interest rates after returning dominant home lending figures.
Property investor demand is back into the black for the first time in two years amid the rebounding home loan market.
The average mortgage for Australians buying an existing home has hit half a million dollars thanks largely to ongoing record-low interest rates.
High property prices and tight lending restrictions have seen an increasing number of young people approach the ‘Bank of Mum and Dad’ for their home loan.
X-factors have played a large part in today’s decision from the Reserve Bank to keep interest rates on hold at 0.75 per cent.
After solid unemployment figures recently, surprise rises in inflation has snuffed out the likelihood of a Reserve Bank rate cut next week.
Home loan customers are continuing to explore non-major options with the big four banks’ market share hitting a record-low.
