Articles by Rita Thomas

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Rita is a Property Strategist with an accounting background and has over 30 years’ experience in Commercial Banking for one of the Big 4 Banks. She is a passionate property investor who enjoys helping her clients create wealth through property investment using Metropole’s strategic approach whilst drawing on both her banking and personal experiences. Rita is known for her honesty and integrity and willingness to assist her clients achieve their goals through property investment.

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APRA want you to go on a debt diet

APRA wants you to go on a debt diet and it seems to be getting its way… National Australia Bank has followed Westpac and ANZ, hiking rates for mortgage holders making interest-only repayments, while reducing rates for owner-occupier customers paying off their loan.  Investors and owner occupiers who opt for interest-only will have to stump up an extra $102…

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Even more problems for investors in blacklisted postcodes

New legislation proposed in last week’s budget would extend APRA’s (the Australian Prudential Regulation Authority’s) ability to control the non-bank sector.   This would put even more pressure on investors who have bought in suburbs blacklisted by the traditional banks and who are looking for alternative lenders. The Treasurers budget speech suggested that new legislation…