Office buildings that lie outside Melbourne’s CBD are set to show strong price growth and are significantly undervalued according to a new office market report.
A good portion of the respondents went over budget by a significant amount, with nearly half of them blowing their budget by $30,000 or more.
Residential construction is on the wane but the cranes are still in the sky – moving over into the commercial space.
Brokers say recent criticism from banks amid the banking royal commission are a diversionary tactic and that if a flat fee for their service was introduced it would make home loans more expensive.
A key outcome of the current banking royal commission shapes as reduced borrowing capacity for homebuyers.
The Reserve Bank has kept official interest rates at 1.5 per cent for the 18th consecutive time, and that’s a record.
With the banking Royal Commission in full swing one of the big questions being asked in the mortgage industry right now is should consumers pay service fees to brokers?
It was a confidence-boosting weekend for Melbourne’s property market after CoreLogic figures recorded an auction clearance rate of 67 per cent from a whopping 2078 auctions held.
More hikes are expected to the US Fed’s target funds rate later this year and again in 2019 while the Australian rate stays relatively steady.
UBS says the Australian Prudential Regulation Authority (APRA) has been hinting at moves on serviceability and the banking royal commission has had its early focus on responsible lending and it’s building pressure on regulators to act.
