THE RATE RISES WE HAD TO HAVE: REA CHIEF SAYS PROPERTY WAS TOO HOT
REA Group chief executive Owen Wilson said the surging price of Australian property was unsustainable and the rising interest rate climate, which has some forecasting significant house price falls, will actually work in the property platform’s favour. Mr Wilson said property listings were strong at the News Corp-majority owned REA, despite the Reserve Bank of […]
Read The Article
BORROWERS TO FEEL THE HEAT AS RBA RAISES RATES AGAIN, BUT NEW CUSTOMERS GET CHEAPER DEALS
As the Reserve Bank raises interest rates for the fourth time in four months, home loan borrowers are bracing for more repayment pain. The official interest rate is now at its highest level in six years, at 1.85 per cent, up from a record low of 0.1 per cent at the start of May. Some [...]
Read The Article
INTEREST RATES ARE GOING UP. HERE ARE SOME TIPS TO HELP YOU MANAGE YOUR MORTGAGE
Mortgage repayments are going up, but there are some simple steps you can take to help manage your debt (Supplied: Tyler Hoggard) The official interest rate has gone up again, this time by half a per cent. On a $500,000 loan, that’s an extra $1,600 in payments per year, if the banks pass the rate hike […]
Read The Article
HOW LONG DOES IT TAKE FOR A RATE RISE TO HIT THE HOUSING MARKET?
Rising interest rates will have a swift impact on the market. RHETT WYMAN Rising interest rates are expected to have a swifter-than-usual impact on the property market as reduced borrowing power and higher mortgage repayments weigh on already slowing buyer demand. Historically, changes to the cash rate had taken multiple months to have an effect, […]
Read The Article
HOW THE RBA’s RATE RISE COULD TRIGGER A SHARP FALL IN HOUSE PRICES
Demand is expected to fall sharply as the first interest rate rise in more than a decade spooks buyers. Peter Rae The Reserve Bank’s earlier and sharper-than-expected interest rate rise of 0.25 percentage points could put a squeeze on recent home owners, spook new buyers and trigger a sharper fall in prices this year, experts […]
Read The Article
PROPERTY PRICES ROSE BY 4.7 PER CENT ACROSS AUSTRALIA’S EIGHT CAPITAL CITIES IN THE LAST QUARTER
The Australian Bureau of Statistics has released the latest data on property prices in eight capital cities.(ABC news: Ian Cutmore) Property prices across Australia’s eight capital cities have risen by 4.7 per cent over the previous quarter, according to the latest figures from the Australian Bureau of Statistics [ABS]. Brisbane experienced the biggest rise, with […]
Read The Article
INTEREST RATES ARE TIPPED TO RISE LATER THIS YEAR. SO, IS IT TIME TO FIX YOUR HOME LOAN?
It’s worth doing a comparison on whether you could still afford to pay your loan if it did go up.(Supplied: Unsplashed/ Jeshoots.com) It’s fair to say money has been cheap in recent years, with home owners having access to the lowest fixed rates on record. And while the Reserve Bank may have kept the official […]
Read The Article