Summary

  • LMI Insures Lenders, Not Borrowers

    Lender’s Mortgage Insurance (LMI) is there to cushion the lenders and not the borrowers, says Stefanie Garber in an article for the website Smart Property Investment. It is well known that borrowers availing more than 80% succour (of property value) from banks need to get an LMI cover. This cover, however, aims to indemnify the…

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  • Hike In Dwelling Approvals Is Welcome News

    Consider Michael Yardney an optimist when it comes to predicting about the property market in the year 2014. In an article for the Property Update, Yardney takes us through the welcome hike in dwelling approvals. The private sector has recorded an 18% increase in approvals and it just goes to prove that the government’s move…

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  • Construction Industry On the Move

    Continued environment of low interest rates has provided expected succour to the construction industry. For the December 2013 quarter, house and unit constructions have witnessed a degree of hike, unprecedented in the last 8 years. An article on the website Smart Property Investment observes the trend. Even more worthwhile is the fact that the construction…

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  • Housing Demand Likely To Come Down To Sustainable Levels

    The price of detached houses in Sydney rose by 15.2 % whereas unit prices spiked by 11.6 % in the year 2013. This, however, does not deter analysts from believing that the kind of mini boom that Sydney has witnessed lately might fritter out from here on. An article on the website news.com.au discusses the…

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  • Demand For Fixed-rate Home Loans Surprisingly High

    Barring NSW, which has witnessed a drop of 0.58%, each state has recorded a hike in the percentage of fixed-rate home loans written (comparing December against November). For the month of December, Fixed-rate loans contributed 33.06% of total home loans written and this figure is highest since March 2008. An article on the website The…

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  • Houses And Units Engage In A Keen Tussle

    There is something really nice going for the unit apartments but for the moment they will have to contend with the fact that detached houses have outperformed them. Data furnished by the Property Pulse (RP Data) exhibits that detached houses have grown in value by 8.2% in comparison to units’ value growth of 5.9% (over…

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