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Summary
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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…
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Banks Respond to RBA’s Rate Cut
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…
Tagged: mortgages -
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…
Tagged: mortgages -
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…
Tagged: mortgages -
Residential construction in NSW Highest in Last 7 Years
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…
Tagged: property investing -
A Look At the Sydney Property Market in 2015
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%…
Tagged: sydney property market
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