The report looks at how the cost of housing has shifted across Australia’s capital cities by suburbs over the past five years by comparing thematic maps which show suburb median values. Over the five years to June 2017, there has…

17 ways to extend your borrowing capacity This article was written by Eynas Brodie and was originally published in Australian Property Investor Magazine Banks have progressively tightened their lending criteria, frustrating investors who can’t source finance for their next purchase.  So…

NAB hikes IO rates by 35 basis points – The Adviser https://www.theadviser.com.au/breaking-news/36377-nab-hikes-io-rates-by-35-basis-points?utm_source=theadviser&utm_medium=email&utm_content=newsflash20_06_2017 A major Australian bank has announced today a rate hike of 0.35 per cent on interest-only loans. Effective 30 June, owner-occupier interest-only loans with NAB will jump to…

Source: https://www.theadviser.com.au/breaking-news/36362-westpac-hikes-rates-by-34-points?utm_source=theadviser&utm_medium=email&utm_content=newsflash20_06_2017   Westpac today announced that owner-occupied interest-only rates will increase by 34 basis points to 5.83 per cent and investor interest-only rates will increase by 34 basis points to 6.30 per cent. The group also announced an 8-basis-points reduction…

EWM Finance Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Labour markets have tightened…

AMP Bank has, as of this week, increased variable interest rates for owner-occupied interest-only loans by 28 basis points. The increase applies to Basic, Professional Pack, Classic, Affinity and Select variable rate loans and lines of credit. The increase does…

Stamp Duty to be abolished for first home buyers purchasing a property up to $600K and a sliding scale for a property form 601K to 750K. Applies to Contracts entered into from 1 July 2017 $20K FHOG to be available…

Stamp Duty to be abolished for first home buyers purchasing a property up to $600K and a sliding scale for a property form 601K to 750K. Applies to Contracts entered into from 1 July 2017 $20K FHOG to be available…

Australia’s largest mortgage provider announced changes to interest-only payments for owner-occupied and investor home loans. From today, CBA will reduce discounts for new owner-occupied and investment home loans with interest-only payments. “We are reducing the discounts offered in the Home…

  Digital Finance Analytics (DFA) principal Martin North believes underperforming branch networks and regulatory pressure to curb investor and interest-only lending has led CBA and Westpac to rethink their broker strategies. “Two or three months ago, CBA said they were…