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Homeowners face another increase in their mortgage repayments after the Reserve Bank of Australia (RBA) raised its official cash rate by 25 basis points to 4.25 per cent on 04/06/2010. The cash rate has not been this high since February 2009. The 0.25% rise will add around $49.05 per month to repayments on an average mortgage …
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House prices in Melbourne and Sydney are tipped to rise because of the limited availability of land, steady poplulation growth, and strong demand from international investors. Developers are arguing that consumers will be forced to pay over the odds as the availability of land shrinks at the same heady rate as demand for new homes increases. The …
Continue reading “House prices in Melbourne and Sydney are tipped to rise”