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.
“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.
According to the RBA interest rates are set to remain on hold primarily because of the uncertainty in the current economic climate.
Australian property is overvalued by between 20 to 30 per cent according to one of the country’s top economic experts.
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.
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.
The Australian dollar has suddenly fallen to a seven-month low – and the RBA is no doubt cautiously happy about it.
The RBA has given a warning that it believes property prices may fall due to an overheated market.
A leading Australian economist has called for the Abbott government to put downward pressure on surging house prices by ending negative gearing for new investors.
A new study by credit reporting agency Veda has found that 13 per cent of Australians are at risk of defaulting on credit in the next 12 months, which can stop them from successfully applying for loans.
