February 2, 2016
Fixed-rate mortgage price cutting war
Both the majors and non-majors are in the midst of a fixed interest rate cutting frenzy.
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February 2, 2016
Calls for abolition of stamp duty to free up labour market
The Property Council of Australia has said it would like to see stamp duty abolished to encourage more movement in the labour market.
February 2, 2016
Reserve Bank leave rates on hold for 12th consecutive month
The Reserve Bank’s monthly board meeting has ended as most predicted – with interest rates remaining unchanged.
February 2, 2016
Banks struggle to lure customers with low fixed rates
Despite banks dropping their fixed-rates for home loans to below 5 per cent for five years, only 24 per cent of new home loan customers took the option in June.
February 2, 2016
Jobs growth centred around capital cities
“Follow the jobs growth.”
According to Pete Wargent from Property Observer, it’s one of the best pieces of advice he has received when it comes to property investment.
February 2, 2016
Uncertainty the key to steady interest rates
According to the RBA interest rates are set to remain on hold primarily because of the uncertainty in the current economic climate.
February 2, 2016
Top economist says Australian property overvalued by 20-30 per cent
Australian property is overvalued by between 20 to 30 per cent according to one of the country’s top economic experts.
February 2, 2016
Healthy signs from new homes construction industry
The building of new homes in Australia is gaining momentum, with new figures from the Australian Bureau of Statistics revealing the best levels in four years.
February 2, 2016
Mortgage brokers join economists on RBA cash rate predictions
Mortgage brokers have joined the view of economists that the RBA cash rate will remain at 2.5 per cent for the rest of the year.
February 2, 2016
Falling Aussie dollar may help RBA stimulate economy
The Australian dollar has suddenly fallen to a seven-month low – and the RBA is no doubt cautiously happy about it.