5 Easy Ways To Increase Property Value

5 Easy Ways To Increase Property Value Your home is more than simply a place to unwind; it’s also an investment. If you plan to sell your property someday, increasing its value now can help you get a better return on your investment. Most people believe that increasing the value of a home requires substantial […]

Confusing loan terms explained

Terms relating to the applicant Mortgagor: The applicant – the person who pays the mortgage loan. Mortgagee: The lending institution the applicant accesses the loan from – the lender. Mortgage broker: She/he arranges the home loan process between the applicant and the lender. They spend time analysing the applicant’s situation and, using their experience and market knowledge, provide […]

Australian home values top $10 trillion

The collective value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time. The Australian Bureau of Statistics said the value of dwellings rose $221.2 billion in the March quarter, lifting the total value to $10.2 trillion. ABS head of prices statistics Michelle Marquardt said the value of homes had risen […]

Rate spike ‘difficult news’ for households

Treasurer Jim Chalmers concedes a big spike in interest rates will come as difficult news for households already facing skyrocketing costs of living and wages not keeping pace with inflation. The Reserve Bank of Australia raised the cash rate by 50 basis points to 0.85 per cent at its monthly board meeting on Tuesday, larger […]

OECD warns RBA may go harder on rates

Australia has been warned that further aggressive interest rate increases may be needed to contain inflation, potentially leading to negative implications for the economy more generally. In its latest Economic Outlook, the Organisation for Economic Cooperation and Development says it expects the Reserve Bank of Australia’s cash rate to reach 2.5 per cent by the […]

Business fears economic ‘spiral’

A major business group fears the economy could be entering a “death spiral” of rising wages growth, inflation and interest rates following the Reserve Bank of Australia’s biggest cash rate hike in more than 20 years. Lifting the cash rate by 50 basis points to 0.85 per cent after Tuesday’s monthly board meeting, RBA governor […]

Sydney, Melbourne lead easing house market

House prices nationally recorded their first decline since September 2020 in May, led by monthly losses in Sydney and Melbourne, the country’s two largest real estate markets. The CoreLogic home value index declined 0.1 per cent in May with Sydney dropping 1.0 per cent and Melbourne off 0.7 per cent. Canberra, Australia’s second most expensive […]

Super home withdrawals common overseas

Allowing citizens to dip into their retirement accounts to help them afford their first home is common practice overseas, but experts say it’s hard to know the extent to which they’ve jacked up house prices. The Morrison government’s election-eve proposal to allow Aussies to withdraw a portion of their super for a first home deposit […]

Wills and Estates

Contributing to a deposit to help your children

With property prices rising at a record rate in many cities across Australia, the ‘bank of mum and dad’ is playing a bigger role than ever as many parents feel pressure to assist their children in buying a home. For many Australians, home ownership is not just seen as the great Australian dream, but it […]

Unit Trust

Intense competition in the home loans market

Westpac has pledged to push on with cost cuts after its program to streamline operations helped it partly offset a contraction in margins amid intense competition in the home loans market and higher provisions for bad debts. The lender on Monday posted a 12 per cent drop in first-half cash earnings to $3.1 billion, while […]

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