Wendy Russell writes a piece for Property Update wherein he shares his views on home ownership and the delicate balance of working around the mortgage chain and enjoying one’s pre-mortgage lifestyle. Russell talks about how our parents could never have thought about feeling burden-free till there was a mortgage routine in sight. Things, however, have changed for the Gen Y.
Archives for February 2015
Archives
Bank Cuts Rate In Reaction to RBA’s Move
An article on the website The Adviser talks about banks slashing one, two, and three-year fixed rates; thus keeping in tune with the RBA’s cash rate cut (25 basis points). Suncorp Bank declared along the given line, even as it cited that its diversified profile allowed it to offer strong returns to its customers.
For information, Suncorp’s Home Package Plus bagged most number of awards last year. Among other bits of news, 16 third-party banks have brought down their interest rates in a knee-jerk reaction to RBA’s cut.
You can read the original article here.
Reasons Why Property Prices Won’t Fall in a Hurry
In an article for the website Property Update, Michael Yardney sheds light on few reasons why Australian property prices may remain perennially high (well, almost perennially!).
Cash Flow Versus Capital Growth
The reason why the negative gearing debate remains unsolved is because “capital growth or cash flow?” is a crux question which is actually very difficult to solve. In an article for the website Property Update, Michael Yardney adds further value to the subject.
Gap in Median Price of Houses and Units
An article on the website The Adviser puts focus on how the gap in prices of detached houses and units have risen in an unprecedented way in 3 capital cities wherein it is non-existent in a fourth capital city. In Canberra, Sydney and Melbourne, the hiatus has never been greater. Median Unit prices in Canberra, Sydney and Melbourne are 70.1%, 71.7%, and 74.2% of their house prices respectively.
Cash Rate Further Down
An article on the website The Advisor talks about how top banks of Australia have passed on in full the benefits of the further cash rate cut made by the RBA.
Among other financial entities, The Rock has declared to bring down its variable loan rate to 5.94% while My State proposes to bring it down to an even cheaper 5.64%. Certain loans having an LVR of less than 80% and a sanction amount of more than $100,000 will find interest falling as low as 4.54%.
You can read the original article here.
