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…
Articles by 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
During the recent election campaign the Coalition promised to help 10,00 First Home Buyers get into the property market by topping up their 5% deposit with the government guarantee for 15% of the loan they would be taking out. In essence this support for those looking to buy their first home offers an additional loan…
Australia’s credit card debt accruing interest has slid to the lowest level in over 11 years as Australians start to wean themselves off high interest debt. The RBA credit card statistics released today show Australia’s debt accruing interest on personal credit cards is now $29.5 billion, down 4.9 per cent year-on-year, and the lowest since…
There is an old saying in real estate circles that you should buy and never sell. While that sounds good in theory, it’s not a sound strategy in practice. Firstly, most investors will consolidate their portfolios at some point in their journeys to pay down their loans and start living more financially free lives. There…
Relationship breakdowns are hard on everyone and particularly so if there is property involved. During such an emotional time, financial missteps can be made which may have long-term implications. So what are the biggest property mistakes people make when a relationship ends and how can you avoid them? Trying to sell under the radar In…
Normally buying a home is a major experience, filled with excitement, pleasure and pride. But in many instances and without professional guidance, stress and fear can consume much of your precious time, money and energy. Choosing the right property for your family comes down to knowing what you need, knowing what you can afford and…
Mortgages – even the word sounds a little scary, doesn’t it? But it doesn’t have to be, as long as you understand what mortgages are and what they are not. The thing is far too many investors chase the cheapest interest rates. But mortgages are much more than just their interest component. In fact, there…
It is interesting that for most complicated processes that fall outside of our personal experience we are quick to enlist the help of a professional. There are not many people who will take care of their own commercial accounting or defend themselves in a court of law. However, when it comes to bidding at a…
To sabotage means to deliberately destroy, damage or obstruct something. No one wants to do that when it comes to their finances, do they? But the reality is that many people do without even realising it. How do they do that? For starters, they have too much bad debt when they’re applying to borrow good…
Lacing on your running shoes and pounding the pavement is a common way of keeping fit. But what about the people who go the extra mile? You know the ones – they’re the social runners who start out running five kilometres and then keep upping their distance goals. The next year they might train to…
