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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Did you know that a new billionaire was created every 30 hours during the Covid pandemic? This is according to a new Oxfam report which reported that 573 people became billionaires during the pandemic, with 5 new billionaires minted in Australia in a single year. Billionaires have been profiting Of course, we know that during…

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Australia’s third largest home loan lender, NAB, has today hiked fixed rates for the fourth time this year. NAB has made its fourth round of fixed-rate hikes for 2022, with the major bank increasing rates by up to 0.60% for owner-occupiers and 0.80% for investors. The major bank has increased owner-occupied rates by 0.60% for…

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Looking at buying your first investment property? Or maybe your next one? I’m sorry to say, but there’s no generic, one-size-fits-all approach to property investment.  Residential real estate, as with any other investment vehicle, requires an individualistic approach. In other words, you must identify and address your own specific needs, goals, and circumstances in order…

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Three of the big four banks have hiked fixed rates again, as the cost of fixed-rate funding continues to surge north. Australia’s largest bank, CBA, recently increased fixed rates by up to 0.50 percentage points for owner-occupiers paying principal and interest, but all the way up to 0.90 percentage points for some investors. This is…

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I watch changes in consumer sentiment carefully because when consumers feel financially comfortable and wealthy they spend more and this helps the economy move on. And when consumers feel less confident they put their hands in their pockets and don’t make big financial decisions and in general spend less and in some ways this is…

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New research from Canstar reveals that 11 million Australian adults are worried they will be unable to afford household bills amid skyrocketing living costs.  Housing costs including rent or mortgage repayments were cited as the biggest concern. And 72% of borrowers will need to forgo certain expenses to afford higher loan repayments. The effects of…

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New housing loan approvals fell 3.7% in February compared to the previous month. Both owner-occupiers loans (-4.7% month on /month) and investors loans (-1.8% month on month) fell – but this is not surprising  considering the slowing down in the housing market. Despite the fall, the level of housing finance approvals are still 69% above pre-pandemic February 2020…

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