Doesn’t it seem like there are more home loans on the market now than ever before? Well, that’s because there are! Let’s face it: first-tier lenders like the Big Four and second-tier banks such as credit unions are locked in a battle for your business. The hard part, of course, is determining which is the…
Interesting how the talk about us falling over the fiscal cliff in September has disappeared. But now some property pessimists are suggesting we have just kicked the can down the road and mortgage stress is going to hit hard next year. That’s because many banks have granted temporary relief to borrowers impacted by COVID-19, allowing them…
How are your money habits? Have you become more cautious with your money this year? A new survey from RateCity.com.au has revealed 42 per cent of Australians believe COVID-19 has made them more proactive about how they manage their money. I’m surprised this figure isn’t higher! However, young Australians in particular are taking the bull…
The Melbourne property market has suffered more than any other market from Covid -19. Having endured a prolonged lockdown, many are wondering what’s ahead for Melbourne real estate. Well property expert Pete Wargent recently reassured those interested in Melbourne suggesting now is a great time for for prospective homebuyers in Melbourne to prepare to buy….
Melbourne businesses are twice as optimistic as they were a month ago when it comes to what they think the Victorian and Federal Government economies will look like in 12 months. According to the September Sensis Business Index, 35% of Melbourne businesses believe the Victorian economy will be better in a year compared with 17%…
How are your finances going? While the latest figures show household savings are rising in Australia, unfortunately COVID-19 has put a dampener on Christmas spending this year according to new research by Finder. A new Finder survey of 1,066 respondents revealed 37% of Australians aged 18 and above – equivalent to 7 million people –…
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One of the more common questions I am asked is “Is it a good time to buy?” As a potential home buyer or investor, I am sure this thought crosses your mind too. Surely, with all that is going on around the world, right now may not be one of those times. There such is…
Property markets around Australia are facing headwinds, in fact they are facing challenges from many directions. But as always our markets are fragmented. Some areas are performing well, especially established suburbs in our capital cities and some regional locations. While other segments of our property markets are best avoided. RiskWise CEO Doron Peleg said property…
New ABS Lending Indicators data released today shows new home lending increased in July for the second consecutive month, following earlier lifts in COVID-19 restrictions to auctions and open homes. The value of new home lending rose by 8.9% in July, following a 6.4% rise in June based on seasonally adjusted figures. Canstar analysis of…
Australians have wiped a total of $5.5 billion of debt accruing interest from their credit cards since the start of COVID-19, a drop of 20 per cent, according to figures released by the RBA. During this time Australians also took the scissors to their credit cards, closing almost half a million accounts in four months….
