- Suite 17 / 79 Manningham Road, Bulleen VIC 3105
- 0406 197 099
- hello@pmafinance.com.au
Mortgage Broker
06/03/2017
Philip Lowe has some high-powered backing if he leaves interest rates on hold Tuesday as widely expected. Days after the Reserve Bank of Australia governor signalled that rate cuts weren’t in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector. The Organisation for Economic Co-operation & Development last week highlighted risks posed by Australian property and private debt. Sydney house prices have soared 73 per cent in […]
06/03/2017
Sentiment about the commercial property market has gone up with National Australia Bank’s (NAB’s) Commercial Property Index rising five points to +21 in the fourth quarter of last year. These results come from NAB’s Commercial Property Survey Q4 2016 which surveyed 250 panelists and put the index at its highest point since the survey began in 2010. These improvements over the fourth quarter were due to big gains in CBD hotels (up 34 points to +88) and small gains in […]
06/03/2017
With lenders increasingly out of sync with the RBA, it’s no wonder people are feeling jittery about interest rates. Since their failure to pass on the central bank’s 25 basis point cut to the official cash rate in August last year, many have been upping rates, with the result that the gap between the rate set by the RBA and interest rates offered by lenders is growing. The easiest way to protect yourself against the increasing costs is to factor […]
05/03/2017
Tens of thousands of first home buyers will no longer have to pay stamp duty on properties worth up to $600,000 under an Andrews government plan to make housing more affordable. Long-awaited reforms to be unveiled on Sunday will give new home owners savings of up to $15,000 by exempting them from stamp duty on new and existing properties, in a bid to help more Victorians to break into the expensive housing market. A $50 million pilot program will also […]
03/03/2017
The Australian dollar has plunged below the US76¢ mark amid a resurgence in its US counterpart as expectations the Federal Reserve will lift interest rates later this month continues to ratchet higher. Governor Lael Brainard, seen as among the most dovish policymakers, has added her voice to the debate, saying the economy “appears” to be at an inflection point. “We are closing in on full employment, inflation is moving gradually toward our target, foreign growth is on more solid footing, […]