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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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…

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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…

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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…