Category: Uncategorised

Another great month. Historically, cash rates have generally been around 5% and interest rates are usually around 2% higher. So we are now near the bottom of the cycle. The major banks are now meeting the non-banks with fixed rates below 5% and with rates the lowest they have been in around 60 years, it’s…

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.5% effective 7 August 2013. To see the full commentary follow this link http://www.rba.gov.au/media-releases/2014/mr-14-03.html Now is a good time to review your home loan. The Home Loan Company can compare your mortgage against what is available in the…

Australian Property Monitors have completed their October 2013 Market report commenting that: “median house prices increased by 3.1%, and up by 9.2% over the year ending August 2013. Sydney unit prices recorded a solid result over the quarter, increasing by 1.8%, and are now 7.4% higher compared to last year. The Sydney median house price…

The Australian Property Monitors September Housing Market Report is out: “Buyer and seller activity in Australian capital city housing markets continues to improve, as the impact of the lowest interest rates in 60 years, rising confidence, and generally solid local economic performances fuel a now well-established recovery in house prices. The national house price rose…

Houses: 1 Westmead $695,000 (+31%) 2 Darlinghurst $1,197,000 (+27%) 3 Blackwall $420,000 (+22%) 4 Manly $1,631,000 (+21%) 5 Abbotsford $1,121,000 (+21%) * Median price movements based on the past 12 months.

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.5% effective 7 August 2013. To see the full commentary follow this link Now is a good time to review your home loan. The Home Loan Company can compare your mortgage against what is available in the market.…

Australian Property Monitors says “Darwin remains a housing market on the move, driven by an influx of workers and a shortage of accommodation, pushing up rents and prices. The latest unemployment data indicates that, similar to Perth, the Territory is having issues absorbing new job seekers, with a rate of 5.4 percent – the highest…

According to Australian Property Monitors, “Hobart’s housing market remains subdued, reflecting the ongoing impact of a weak local economy. Hobart’s unemployment rate over April was 6.8 percent, and remains the highest of all the capitals, with no real indication of an improvement in the near-term despite low interest rates. The housing market continues to bump…

AMP says “The Gold Coast remains on track for a modest revival in buyer activity, following a prolonged period of subdued activity, similar to other major housing markets in South-East Queensland that tend to move in sync. The performance of the local economy remains a concern however, with the latest April unemployment rate at 6.5…

Australian Property Monitors says: “The Canberra housing market continues to tread water, weighed down by a faltering local economy and concerns about public sector job shedding, due to a deteriorating federal budget. Prices growth is expected to remain subdued as a consequence, with the April unemployment rate at 4.7 percent, the highest April rate recorded…