$120bn of interest-only mortgages to go P&I
The Reserve Bank of Australia has disclosed that $120bn of interest-only (IO) mortgages will be transferred to principal-and-interest (P&I) loans over the next three years. Given that many borrowers would
These 2 States have the Fastest Economic Growth
As someone interested in property you really should understand what’s happening with local economic growth. That’s because economic growth is a “leading indicator” – a sign of what the future holds
Negative gearing changes could “cause recession”
If the Labor party gets into power and their proposed negative gearing changes are passed, the repercussions could “effect our economy to the point of recession”. So says wHeregroup’s Todd Hunter,
CBA anticipates lower home prices
The Commonwealth Bank of Australia (CBA) recently forecast that home prices will continue to decline in the near future, based on indicators such as housing finance demand, auction clearance rates,
How are body corporate fees calculated
If you’re planning on buying a new home or investment property governed by a body corporate or strata, you’ll need to know how much you’ll be stumping up each year
Credit crunch obstructs market
Housing Industry Association (HIA) principal economist Tim Reardon said the credit crunch that has been impeding investors for the past 18 months isalso restricting building activity across the market. Reardon highlighted
Renting reforms are not up to Queensland government
Industry group Archers the Strata Professionals said that that Queensland government's proposed changes to residential tenancy laws may be for the majority's welfare, but they could be futile given that
State by State – A November update on the Australian property markets | Chart Pack
It’s been another interesting month in our property markets. At a time when Australians has been shown to be number one in the world when it comes to highest median wealth and
What Do You See in the Mirror?
The mirror tells all. If you’re able to pay your bills and save money, the refection is of someone living below their means and building their future wealth. If you’re eating