As read in The Adviser -A survey of the country’s largest home builders shows a strong bounce in Australia’s property sales in November 2016. The HIA New Homes Sales Report has revealed that following a dip to a two-year low last October, new home sales recovered significantly in November, an indication that the national new […]
As read in the Australian Broker online -“Are we in a house price bubble right now? We can’t say for sure.” In an article for Business Insider Australia, Michael Potter, research fellow for the Economics Program at the Centre for Independent Studies (CIS), has questioned warnings that the real estate bubble is due to burst in […]
As read in The Adviser -Registry customers of the Australian Securities and Investments Commission (ASIC) are being warned that scam emails purporting to be from the regulator have been sent to some customers. ASIC has revealed that it is “aware some customers have received emails containing attachments or links to fake invoices” and is calling […]
As read in MortgaeBusiness Online – Sydney’s property market could be set for a significant change in 2017 according to Douglas Driscoll, CEO of award-winning real estate group Starr Partners. 1. Rate hikes on the horizon There are already conversations bubbling over a possible rate rise in 2017 and I can almost guarantee that the […]
As read in Mortgagebusiness online The percentage of first home buyers in the owner-occupier market has plunged to the lowest level in a quarter of a century, a new report has revealed. The number of Australian first home buyers decreased by 6.7 per cent to 21,825 during the September quarter, according to Adelaide Bank general […]
As read in the Courier – SAY goodbye to the $100 note. Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”. Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a […]
As read in MortgageBusiness online – Recent decisions made by the major banks to lift their fixed-rate mortgages suggest that variable rate hikes are on the way, according to mortgage comparison site RateCity. CBA lifted the rate of its three-year fixed rate by 20 percentage points to 4.24 per cent last Friday. The major bank also […]
As read in The Adviser – Australia’s 25-year recession-free stretch could come to an end if low rates continue to accelerate house prices and subsequently weaken demand and construction activity, according to the OECD. In an economic forecast published this week, the Organisation for Economic Co-operation and Development says the cash rate should begin rising […]
As read in The Adviser Nine in 10 Australian borrowers are said to be going “above and beyond” to fast-track the repayment of their home loans, according to new research. A national survey conducted by comparison website finder.com.au questioned 2,005 homeowners on their mortgage repayments. According to the results, 89 per cent said they had tried to […]
As read in MortgageBusiness Online – Professional services giant KPMG believes Australia’s major banks will be “invisible” in less than 15 years, by which time customer service call centres and branch networks will be non-existent. KPMG partner and head of banking Ian Pollari said that by 2030 technology will drive an even deeper fundamental shift […]
