Articles by Rita Thomas

Rita Thomas

is a Property Strategist with an accounting background and over 30 years’ Commercial Banking experience. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach.
Visit www.MelbourneBuyersAgent.com.au


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Be careful when buying an apartment in Melbourne.  Melbourne has to house almost 100,000 new residents each year, and with housing affordability top of mind in Australia’s largest cities, we have seen an influx of apartment developments rising up in place of traditional housing. While investors remain interested in reasonably priced property and low vacancy rates,…

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Almost half of Australians are living from pay to pay. These figures from a recent Finder survey of 1,780 Australians reveal 46% – the equivalent of more than 5.9 million working Aussies – are unprepared to cope with a job loss, admitting they couldn’t survive financially for more than a month if they suddenly lost…

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Want to save over $70,000 over the life of your mortgage? Maybe that will be easier than you think according to research from RateCity.com.au which revealed if you give up one coffee a day and put the money into your mortgage you could be $71,891 better off over the lifetime of the loan. Now that’s easier…

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At some stage in our lives most of us will experience the various highs and lows that go hand in hand with home ownership.  Undeniably today the biggest pressure associated with realising the dream of having a place to call our own, is keeping up with the mortgage repayments. For those who buy their home…

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In the current property climate, where opportunities abound, the last thing you want to hold you back from securing an additional asset for your portfolio is any restriction on your borrowing capacity. But that is a reality many investors face given the banks heightened wariness around refinancing and tighter restrictions on how much money they’re…

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Banks charged customers an eye-watering $4.19 billion dollars in bank fees last year, according to the latest figures released from the Reserve Bank of Australia. RateCity.com.au analysis shows this equates to $441 per household in bank fees a year. While the overall total fees paid by households is down from the previous year, credit card…

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Banks continue to turn their backs on riskier home loans, as the value of new interest-only and low doc loans hit record lows, according to recently released APRA data. APRA’s Quarterly ADI Property Exposures for the March 2019 quarter shows the value of new loans to owner-occupiers fell by 17.6 per cent from the previous…