In a surprise twist, the flood of government stimulus combined with financial actions of households in response to the COVID-19 pandemic has pushed the nation’s household financial comfort to a near-record high. But troubling data raises serious questions about what will happen if government support is tapered too much and too soon. These are the…
Articles by Robert Chandra
Robert Chandra is a Property Strategist at Metropole and has an intrinsic understanding of property markets backed by many years of real estate experience. This coupled with several degrees gives him a holistic perspective with which he can diagnose clients’ circumstances and goals and formulate strategies to bridge the gap.
Last Thursday’s data from the ABS shows the value of new finance commitments for the purchase of dwellings fell by a record 11.6% over May 2020. This is the largest single monthly drop in the 18 year series. But at the same time, more Australians than ever refinanced their home loan in May. The ABS…
There’s no doubt that the economic fallout of coronavirus has left many people feeling uncertain about their future when it comes to finances. You’ve probably seen the term ‘mortgage stress’ being bandied about in the media. Some of the usual suspects are touting headlines that suggest up to one in five Australian households, a massive…