The total value of new loans fell in June for the first time this year, according to new ABS Lending Indicators data. New home lending declined by 1.6% from the month prior to reaching $32.05 billion in June. The decline was largely driven by a drop in owner-occupied borrowing, which was down 2.5% over the…
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.
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As millions of Australians are plunged into lockdown, the property markets around Australia are showing no signs of slowing down, according to staggering new research by Finder. A nationally representative survey of 1,015 respondents found that even with huge rises in average prices in most capital cities, almost 3 million Australians are planning to purchase…
With lockdown restrictions tightening across NSW and extending in Victoria, Australia’s banks have rolled out extra support to affected customers. This week our largest bank, CBA, has extended its foreclosure moratorium, which means the bank won’t evict a customer in arrears until at least February 2022. Support being offered by Australian banks Mortgage deferrals (size…
As millions of Australians face uncertainty about extended lockdowns and restrictions, saving levels have dropped to their lowest point since March 2020, according to new research by Finder. Here is some finding from Finder’s Consumer Sentiment Tracker (CST) which is the largest chronological consumer survey in Australia, with over 26,400 respondents over the course of…
Australians struggling with their finances are being urged to seek help as both the federal government and banks step up their COVID support packages. Troubling research from the ABS, released last month, shows 17.5 per cent of households can’t raise $2,000 in an emergency. The ABS Household Impacts of COVID-19 Survey from May also found…
Are you wondering what your serviceability is and how banks calculate it? Well…if you’ve been looking for a loan for your home or investment property, I’m sure you’d have come across the term “serviceability.” When taking out a loan, the amount your bank will lend you will depend on a few things. Along with your…
Australians appear to be stuck in a debt rut with new RBA figures showing credit card debt accruing interest is hovering around $20 billion for the tenth month in a row. In fact, Australians added close to $100 million in personal credit card debt accruing interest in May, according to the Reserve Bank of Australia…
Despite many Australians saving more during the height of the pandemic in 2020, a worrying number don’t have an emergency savings fund to fall back on if something goes wrong. Alarmingly research by Finder, found 31% of Australians don’t have enough savings to cover even one month of living expenses. Just 1 in 3 have…
Brand new homes deliver different benefits to existing properties, from depreciation power to capital growth potential. When it comes to deciding which one makes the best investment, there’s no blanket answer – but there are factors that could sway your decision. Rather than attempting to categorise one as better than the other, which is a…
Covid has shaken up the rankings of the Economist’s annual survey of the world’s most liveable cities. This year Auckland tops the list – a place held by Melbourne for 7 years in a row until it lost its title to Vienna in 2018 and was in second place last time the list was compiled…