Don’t know your LMI from your LVR from your CGT? See the following A to Z of borrowing terminology….. Amortisation period The number of years it will take to fully pay off a home loan. Appreciation An increase in the value of a property. Bank valuation A bank’s estimate of a property’s value. This is […]
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It’s not all doom and gloom
This week we saw visiting economist Jonathan Tepper predict we’re in a lending and property bubble and it’s all doom and gloom for the future. While Tepper used economic data and trends that are all true, he only told half the story. Here’s what some Australian economic experts have to say. Average home loan payments look manageable […]
How will changes to negative gearing effect you?
Negative gearing has become a hugely popular pastime for property investors in Australia. And now it’s become an election issue. When voters are asked to nominate the biggest issues facing the nation, they normally choose the economy, healthcare, unemployment and the cost of living. But last year something else began to register in the polls: […]
What’s happening in the property market?
The latest Housing & Economic Chart Pack from CoreLogic gives detailed national market update with a focus on capital city housing market conditions and performance. The key findings this month are: Home values increased by 0.9% in January however they were lower over the past 3 months House sales have levelled while unit transactions are […]
Will the banks lift interest rates?
The Reserve Bank returned from holidays and kept interest rates on-hold again. But the RBA’s official interest rate is only part of the story for home loan customers and investors. The banks have shown they will do their own thing when it comes to interest rates. In October, the major banks all raised their mortgage rates by about 0.20% […]