The big four banks are letting borrowers hit pause on their payments, but this is no mortgage holiday
There's one question a lot of Australians will be asking at the moment: What if I can't pay my mortgage?The answer in the short term is simple: for now, you'll be OK if you're with the big four banks. You'll be able to keep your home.The longer-term picture is a little murky though.The health crisis brought on by the coronavirus pandemic is producing an unfolding financial crisis and the potent...
Sunshine Coast makes the Five Cities Tipped for Property Investment Growth
Four capital cities and one major regional location are the best picks for investors in 2020 with major infrastructure projects and rental yield driving property investment growth. Although first home buyer loans hit the highest rate since 2009, investor lending also increased 4.9 per cent reveals year-on-year data from the latest Australian Bureau of Statistics report. Major i...
Which banks passed on the March RBA rate cut?
All 26 home loan lenders who cut their interest rates following the RBA's announcement yesterday have cut in full.It was the first time since October the RBA cut the official cash rate, with RBA Governor Philip Lowe citing the economic effects of the coronavirus as a main driver.The cash rate now sits at a historic low 0.5 per cent.Westpac were the first to cut, minutes afte...
Coronvirus triggers RBA March cash rate call
The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for March amid speculation the fallout from COVID-19 would force the bank to ease monetary policy.The RBA has announced its fourth rate cut in the past 12 months, slashing an already historically low interest rate to 0.5 per cent.Today’s announcement follows a reduction to 1.25 per cent in June, ...
Residential property is outperforming shares
The global sharemarket downturn will grab all the headlines again today.Shares fell sharply in February as investors became increasingly concerned about the spread and increase in novel coronavirus (COVID-19) infection rates globally. Uncertainty about the US presidential election outcome, concerns over lofty sharemarket valuations and worries about the potential virus impact on corporate earni...
Where Is a Mortgage Cheaper Than Rent?
As lending rates for housing reach a series low—and the millennial cohort hit the first home buyer age group of 25-34—more Australians will be keen to make the transition from renting to owning their own home.But with housing affordability resurging as a major challenge against price increases, it is important to highlight where home ownership could be a reality for renters.Corelogi...
How widespread is Airbnb in Australia?
Short-term rental platforms such as Airbnb are increasingly displacing hotels and holiday letting agencies as the go-to form of accommodation. The ease of booking it all in seconds on your smartphone adds to the appeal of renting a well-appointed flat in Noosaville, or having basil or turmeric on hand in the kitchen of your Katoomba house. With so many people using Airbnb and other short-term r...
Sold in 5 days for $15,000 above list price - subject to inclusion of cat !
The sellers had barely come to terms with moving when First National Real Estate Mooloolaba & Maroochydore agent, Brian Halls informed them their home had sold for $15,000 above the asking price. All inclusive of the conditional contract that Nelson the resident cat was sold with the home! First National Real Estate Mooloolaba & Maroochydore are still rejoicing the successful sale of 1...
REIQ stands up for stability in the face of proposed negative gearing reforms
Queensland’s property industry is standing strong. We’ve shown consistent stability and growth over the past eight years, remaining a cornerstone of the Queensland economy.When proposed reforms to Capital Gains Tax and Negative Gearing threaten this stability, as the body representing real estate practitioners in Queensland, we want to make sure the impacts to ou...
