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.
Tracey's Property News
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.
Turning Back the Clock to the Seventies and Eighties
The property market has seen more than its fair share of detractors. From being called a dead investment class in the early 90s to being declared an overheated market that cannot sustain- there has been a continuous wave of criticism. The good thing is that it has challenged and in fact, ridden the wave beautifully.
