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.
Banks are making cuts in variable loan rates, one-year fixed rates and three-year fixed rates, among other things, as a knee-jerk reaction to the Reserve Bank’s decision of a further 25 basis point cut. The banks are borrowing at a lesser cost in the fixed-rate market and they are more than glad to transfer the savings to the customers.
ME Bank has kind of pioneered the rate revision, what with its five-year fixed home loan rates coming down by 120 basis points, three-year rates by 56 points and one-year rate by 20 points.
You can read the original article here.
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.
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.
An article on Your Investment Property says the number of residential buildings constructed in NSW in 2015 will be higher than any time in the last 7 years. An 11% hike in residential construction is being anticipated in 2015. The construction work will be spread uniformly over detached housing and apartments. Renovation work is also expected to grow over the year.
Over the three months running up to November 2014, 1.054 million people were directly or indirectly employed by the construction sector.
You can read the original article here.
Louis Christopher takes a look at the Sydney Property market in an article for the website Property Update. Vacancy rates have risen over summer across the national capital cities and the trend is more pronounced in Darwin but things are still going good for Sydney.
The Sydney market, says Christopher, cannot keep growing at 15% till eternity. If there is a rate cut happening, Sydney will best absorb it amongst its competitors and prices may turn the bullish way. We are looking at an 8%-12% growth in ‘15’.
You can read the original article here.
Privacy Policy | Terms & Conditions | Disclaimer
