Perry Finance

Interest-only loans are losing some of their appeal as principal-and-interest loans gain favour in the current lending environment of regulator crackdowns.

It was another strong weekend for Melbourne’s auction clearance rates despite the current economic environment of lending crackdowns and interest rate hikes from banks.

The Fishermans Bend urban renewal project is one of the key reasons Melbourne has been named as one of the top investment spots in the world in a new report.

Despite expectations of future interest rate hikes, confidence in the residential and commercial property markets has risen to a two-year high.

Australian borrowers should expect interest rates to start going up by the end of next year according to the Organisation for Economic Cooperation and Development (OECD).

At the end of June this year house prices across the country were 4.1 per cent higher than the same time last year.

Ongoing low interest rates are pushing up demand for fixed rate home loans.

Real estate agents say the RBA interest rate cut will kick-start more buyers trying to get hold of property in an already low-supplied market.

Inflation has sunk to its lowest level since 1999 and it has left the door wide open for more interest rate cuts this year.

Interest rates will stay at record lows for the next ten years, according to a large broker network.