News

High net-worth investors are behind a big surge in capital being invested in the commercial property sector around the country.

Mortgage brokers say the record-low interest rates of just 0.75 per cent will see borrowers borrow more for their mortgage despite debt risks and economic uncertainty.

Some of the biggest movers and shakers in the real estate industry have come out in support of the Government’s calls to release the shackles of tight lending restrictions to get credit flowing again.

The nation’s central bank didn’t stop there, indicating it will cut rates again if employment, economic growth and the global economy don’t improve.

Commonwealth Bank has stoked the fire of competition among the big banks by slashing its fixed interest rates by up to 90 basis points across its mortgage products.