An article on the website Your Investment Property talks about how borrowers are intent on freezing their interest rates because of the low mortgage rate climate. As a result, fixed rate home loans have been on the rise and they have made up for 26.64% of total loans written in the month of October. This coincides with an eight month high.
Of course, the trend can also be put down to the fierce competition between Australian lenders. They are coming out with their best baits. As a natural conclusion, this is allowing borrowers to have some really good fixed rate bargains.
On the other end of the spectrum, variable loans are doing as well as ever, despite a near 1% drop when last counted.
You can read the original article here.
An article on the website Smart Property Investment sheds light on the phenomenal performance of Sydney and Melbourne over the latest growth cycle. Tim Lawless (R.P Data) went to the extent of stating that the country is witnessing a two-tier condition with the growth being lethargic in every capital city and breathtaking in Sydney and Melbourne.
In an article for the website Property Update, Tim Lawless talks about a 4.2% hike in capital gains for the capital city dwellings over the 3 months ending august.
With three consecutive clearance rates of +80% to show, Sydney is surely expressing itself on the property hunters. An article on the website Smart Property Investment talks about the robustness in the auction market leading to this year’s spring.
Writing a piece for the website Your Investment Property, Miriam Bell throws light on the rather dull forecast for Australia’s economy. Amongst the bleakness, property market will present a silver flash of hope.
