mortgage

23/03/2017

The five biggest property buying fails and how to avoid them

BUYING your forever home is one of life’s most exciting and emotional milestones. But it is also going to be your biggest commitment. And in a competitive property market, the emotions of home buying can be amplified, making it even easier for first home hopefuls to make mistakes that could cost thousands. These are the five most common buying fails property punters make, according Darren Piper, director of Universal Buyers Agents, and how to avoid them. FALLING IN LOVE Getting […]
22/03/2017

CommBank, ANZ expected to raise rates

COMMBANK and ANZ customers should brace for interest rate hikes of more than 20 basis points for investor loans and up to 10 basis points for owner-occupiers. NAB and Westpac began raising interest rates out-of-cycle with the Reserve Bank last week, and experts say the remaining two of the big four banks are likely to follow suit shortly. Despite the official cash rate remaining on hold at its historic low of 1.5 per cent, the banks have begun hiking rates […]
22/03/2017

ABS house price data ‘a clear sign threats in Sydney and Melbourne steadily rising’

Speculation about a housing bubble is likely to heat up even further, with Sydney and Melbourne property prices up 5.2 per cent and 5.3 per cent respectively over the three months to December, official data released on Tuesday shows. Brisbane real estate prices rose 2.2 per cent, and in Perth they were up 0.3 per cent, according to Australian Bureau of Statistics data recorded for the last quarter of 2016. Across all the capital cities, growth was up 4.1 per […]
21/03/2017

Canada’s plan to tax foreign investors is already working

IF you’re looking for a home in Sydney or Melbourne, chances are you’re feeling frustrated, overwhelmed and irate, priced out of the market you were born to buy into. Most are quick to blame the deep pockets of foreign investors, with high demand seeing properties sell for hundreds of thousands of dollars over reserve. Recent figures show one in 10 properties in NSW are being snapped up by foreigners, and with interests rates so low, this trend shows no signs […]
21/03/2017

Australian banks lead digital global race

AUSTRALIAN banks are outperforming their peers in North America and Europe as the transition to digital services rolls out but a new report has found there is still more work to do. The top 10 banks, including Commonwealth Bank, ANZ, National Australia Bank, Westpac and one mutual bank, are offering retail customers a wider range of account products online compared to their international counterparts, according to a new report by software developer for the banking industry Avoka. Avoka’s second annual […]