Over the 28 days ending 3 April 2016, total advertised housing stock levels were -4.2% lower on a national basis relative to last year, with the total volume of newly advertised listings being added to the market were -2.2% lower than a year ago. On the other hand, across the nation’s capital city markets, total stock available is currently 1.3% higher than one year ago, while new listings are tracking relatively steady, just -0.2% lower year on year. Despite the total levels
Content from Core Logic 05 April 2016 Each quarter the Reserve Bank (RBA) releases its selected ratios of household finances. The latest data for December 2015 shows the ratio of household and housing debt to disposable income has continued to climb. The latest ratios of household finances highlight that the ratio of debt to disposable income is at a record high however, the value of household assets is also at a record high level. Meanwhile with record low interest rates, th
The Commonwealth Bank has followed in the footsteps of Westpac in announcing that interest rates will rise on some of its home loans for both investors and owner-occupiers.
Commonwealth Bank yesterday announced that it will increase the standard variable interest rate for home owners and investors by 0.15%.
The increase means that from 20 November, owner-occupiers will face a standard variable interest rate of 5.60% per annum, while investors with a standard variable r
Bluestone is always looking for ways to help you, help your clients. This is why we have re-launched our 'Business Easy' loan which is designed for self employed borrowers, companies and trusts, who have been trading for less than 12 months with an ABN registered for a minimum of 3 months.
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About this post By: Laine Lister Posted: Apr 10, 2015 There's no avoiding the news that Australia is in one of the longest and lowest low interest rate environments it's ever experienced. As Tim Lawless, head of research at CoreLogic RP Data, has noted, the lowering of the cash rate to a record 2.25 percent back in February has brought interest rates to a level not seen since 1968, making home loans particularly affordable. In what is good news for property investors, these l
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Melbourne looks to be overtaking Sydney in Australia’s population race. While Sydney was well on track to become the country’s first city to reach five million people, a net loss of -14,900 people indicated that many have their eyes on heading south. Statistics released by the Australian Bureau of Statistics (ABS) showed Melbourne had the largest population growth over 2013/14 of 95,700 people, an increase of 2.2%. “Melbourne had the highest net internal migration gain of all