Tag Archives: interest only mortgage

Investor’s Club Updates On Recent RBA Low Interest Rate Announcement

  On November 3, the Reserve Bank of Australia (RBA) made the momentous decision to further lower the country’s official cash rate. From what was already a historic low of 0.25 per cent, the bank’s board surprised us into completely unexpected territory. This news was received well by many buyers and investors in Australia who […]

The New “Norm” with Banks

With the current LockDown in Australia such as Victoria and Melbourne, most banks have developed virtual banking services with effortless, swift and convenient ways of processing clients mortgages. In Australia, many small and bigger banks are offering online service. Chat on WhatsApp Accepting electronic signatures rather than traditional paper signatures. You are able to sign...

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Relaxed Lending Criteria and Variable Interest Rates Increase Investors Appetite

The latest news received today is that RBA hold back on further interest cut! Thanks to RBA holding back on the rate cuts to below 3 percent, thereby increasing the investors appetite to invest in property market. According to Australian Bureau of Statistics, there is an increasing activity among Australian investors as the average rate...

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Some incredible deals available for people who can refinance

The market is changing fast. Banks are again showing an appetite for interest-only loans again. And many lenders have reduced their assessment rates by up to 2.0%, which represents an increase of approximately 12-15% in your borrowing capacity. There are some incredible deals available for people who can refinance.  Secure a complimentary loan review with our JV partner, EK...

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Procrastination is a killer for success

Let me offer you some coaching…A funny thing happens to people who never take action. Know what it is? NOTHING! And then they wonder why everyone else has all the funand they never have any. That is a guaranteed way to create a life of grumpiness, anger and frustration. Not my way of life, I...

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Best Area to Invest

If you are thinking of investing in real estate, look no further than Melbourne. Statistics by CoreLogic indicates that Melbourne has the upper hand in property values than most of the major cities in Australia. Over the 2017-18 financial year, Melbourne dwelling values increased by 1.0%. Although values rose for the sixth consecutive financial year,...

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Tough Times Ahead For Home Buyers

There is a looming  interest-only loan crack down on major banks in Australia. A leading economist, Richard Holden, issued a warning early this week that the housing market could be going down for US-style meltdown as the intended crack down on interest-only mortgages forces homeowners to paying off the principal on their home loans. It...

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