In an article for the website Property Update, Kevin Turner talks about a few smart tips to make the most out of the low interest rate scene prevalent in Australia. Official cash rate has come down to a record-low of 2.25%, falling by a further 25 basis points last week. The big four banks have not hesitated any from passing on the benefits in full to the customers.
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RBA Goes for Further Rate Cut
No less than 16 third-party lenders have reacted to the latest cash rate cut by the Reserve Bank. An article on The Adviser reports how CUA, Bendigo Bank and Teachers Mutual Bank have fully transferred the rate cut, cutting their interest rates by 25 basis points, too.
Some have gone on to make changes in their fixed loan rates just as well. This frenzy may give birth to- if not already given birth to- one of the strongest borrowers’ market seen in Australia.
You can read the original article here.
Building Approvals Yet to Peak
The optimists have got something to cheer about, what with building approval levels reaching a record high in the year that went by. In fact, for those with their eyes on the numbers, it is the first time that Australia went past the 200,000 mark – reporting 200,814 approvals last year.
NSW Tops Home Loan Market Scene
In an article for the website Property Update, Andrew Wilson puts into focus the rejuvenation of home loan market in capital cities in December 2014. This is a rebound from the drastic results of November 2014.
While many capital cities registered modest growth, South Australia returned figures of 4.5% and NSW topped with 6.6%. Investor activity is only going to strengthen in Sydney from here given the climate of low interest rates.
You can read the original article here.
Are FHBs Really Missing from Action?
In an article for the Property Update, Pete Wargent busts the myth about falling first home buyer (FHB) numbers. There has been a lot of talk about how the FHBs have simply disintegrated and elbowed off by the investors because of spiking prices and a rat race for properties.
Is it a Time to Buy or Sell Properties?
John McGrath writes a well-crafted article for Switzer Daily wherein he dissects the movement of the real estate economy and throws light on how the market will trend in the year 2015. There are two categories of homeowners at the moment. The first kind is imagining a plateau ahead and is ready to sell its stocks. The second kind thinks that there may still be some time left before the slide and are hesitating to list just as yet.
