Prospera Finance Latest Blogs
FINANCES ON YOUR MIND? DO YOURSELF A FAVOUR, SPEAK TO A BROKER
If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Mortgage brokers stand ready and able to assist with your options during this difficult time. Turbulent does not even begin to describe 2020 so far. As a […]
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CONCERNED ABOUT SERVICING YOUR LOANS?
If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number […]
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WHY YOUR MORTGAGE INTEREST RATE SHOULD BEGIN WITH A ‘2’
I had another version of this column, which I’ve just decided to tear up. It was 850 words on how you can haggle with your bank to score the best deal on your mortgage. It was the first in a series of weekly columns I had planned about how to budget and how to save […]
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FIXED-RATE MORTGAGES BACK IN VOGUE AS RBA GOES 'UNCONVENTIONAL'
With official interest rates at a rock-bottom level of 0.25 per cent, it’s unlikely the big banks will make further large reductions in their standard variable home loan rates. That means for a growing number of people, locking in a fixed interest rate may provide a better way to save on the cost of paying […]
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THERE WILL BE A PROPERTY MARKET ON THE OTHER SIDE
It’s too early to call out silver linings in the dark clouds of COVID-19. But disruption does create opportunity. The move to ban public real estate auctions was inevitable. Even so when it finally came the announcement by Prime Minister Scott Morrison sent a jolt through the property sector. Public auctions account for only a […]
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SYDNEY, MELBOURNE HOUSE PRICES GROWING AT FASTEST RATE IN THREE YEARS BEFORE VIRUS OUTBREAK
House prices in Sydney and Melbourne were growing at their fastest rate in three years ahead of the coronavirus outbreak. Data from the Australian Bureau of Statistics on Wednesday showed property prices jumped by 4.7 per cent in Sydney and 5.2 per cent in Melbourne in the December quarter. In both cases, it was the […]
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HOMEBUYERS ARE STAMPEDING BACK INTO THE AUSTRALIAN PROPERTY MARKET, LEADING TO WHAT COULD BE 'THE FA...
It’s one of nature’s greatest phenomenons: the stampede of desperate homebuyers into Australia’s property market. National prices may have nosedived off their 2017 peaks, but are now bouncing at a blistering rate, kickstarting what research group CoreLogic is calling “the fastest market recovery on record” given the depth of the downturn. “Since national dwelling values […]
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HOUSE PRICES SURGE IN FEBRUARY, SENDING MOST CAPITALS BACK TO RECORD LEVELS
A 1.2 per cent rise for Melbourne prices last month was enough to send that city to record-high values, erasing an 11 per cent fall in values since the previous peak in late 2017. Despite a 1.7 per cent price jump last month, Sydney home values remain 3.7 per cent below their mid-2017 peak, having […]
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BEHIND THE BIG BANK CASHBACK BONANZA
Prospective home buyers are anxious as the property market heats up, and behind the scenes, big banks are desperate to make sure they get their fair share of the home lending pie. Sydney and Melbourne have witnessed yet another week of frantic bidding at home auctions, and behind the scenes the country’s major banks are […]
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