• August 8, 2020

Month: September 2018

Baby boomers are moving back in with their grown-up kids

Charlotte Hamlyn| The New Daily| 19 August 2018 https://thenewdaily.com.au/money/property/2018/08/19/baby-boomers-moving-back-grown-kids/ In a tough housing market, more and more young people are opting to stay living at home for longer. But there is another growing trend —…

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What ‘out of cycle’ rate hikes mean for you

What ‘out of cycle’ rate hikes mean for you

Isabelle Lane| The New Daily| 7 August 2018 https://thenewdaily.com.au/money/property/2018/08/07/out-of-cycle-rate-hikes-predicted/ The big four banks are expected to raise mortgage rates despite the Reserve Bank decision to keep the official cash rate steady. The RBA announced on Tuesday the official…

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Why the smaller banks will do you a better mortgage deal

Rod Myer| The New Daily| 27 July 2018 https://thenewdaily.com.au/money/finance-news/2018/07/27/smaller-banks-mortgages/ If you’re in the market for a home mortgage you’re likely to get a better deal from the small banks, according to research from Moodys Investors…

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Parking glut may be inflating apartment prices

Isabelle Lane| The New Daily| 17 July 2018 https://thenewdaily.com.au/money/property/2018/07/17/carpark-glut-city-apartments/ A glut of parking spaces may be unnecessarily pushing up the cost of inner-city apartments, a property expert has warned. “Over half the residents of inner Melbourne…

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Introducing CCR: Lending Behaviour

Rebecca Pike| Australian Broker| 20 August 2018 https://www.brokernews.com.au/news/breaking-news/introducing-ccr-lending-behaviour-253836.aspx The head of a credit reporting facility has said brokers will need to be aware of lenders’ new risk appetite, including risk-based pricing, after comprehensive credit reporting…

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Fintechs fill the void left by commission

Rebecca Pike| Australian Broker| 16 August 2018 https://www.brokernews.com.au/news/breaking-news/fintechs-fill-the-void-left-by-commission-253731.aspx intechs are filling the gap in SME lending as the big four banks concentrate on the fallout from the royal commission, according to one online lender. The…

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Tightening of credit ‘not an overreaction’: RBA

Annie Kane| The Adviser| 17 August 2018 https://www.theadviser.com.au/breaking-news/38145-tightening-of-credit-not-an-overreaction-rba The governor of the Reserve Bank of Australia has conceded that the royal commission has affected the supply of credit, but added that he does not think…

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How property investors can cash in on the first-time home buyer surge

Richard Wakelin| Australian Financial Review| 21 August 2018 https://www.afr.com/personal-finance/how-property-investors-can-cash-in-on-the-firsttime-home-buyer-surge-20180820-h147ii Simplicity is often the hallmark of successful investors. They take an approach to asset selection that, in hindsight, can seem obvious and unremarkable. But they of…

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ANZ slashes variable home rates by 34 basis points in new move to boost buyers

Duncan Hughes| Australian Financial Review| 2 August 2018 https://www.afr.com/business/banking-and-finance/financial-services/anz-slashes-variable-home-rates-by-34-basis-points-in-new-move-to-boost-buyers-20180802-h13gfx ANZ, the nation’s third largest lender, has slashed variable rates on its “no frills” home loan by 34 basis points to 3.65 per cent in the…

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The Price is Always Right

Remember the days when borrowers were eagle-eyed to rate changes on the first Tuesday of the month?  Now, the interest rate world is very different. Two years ago, whenever the Reserve Bank met and changed…

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