Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
Capitalising interest refers to the practice of adding the accrued or accumulated interest to your loan principal instead of them being paid. In capitalising interest, the loan amount continuously increases, and so does the total cost of the loan. Basically, you are paying interest on your interest. As a result, you pay more and more interest …
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People hate negative geraing because they thoughts “it distorts the market, causes property bubble, allows the rich getting richer, and leaves the poor no where to live”. They tend to blame negative gearing for their not being able to afford a property. While, is it ture that negative gearing causes so many negative things? Will …
Strong property price rise is predicted starting from 2015. Sydney and Melbourne’s housing markets are at least two years away from shifting out of the current trough, but once the momentum starts, the rise will be strong, according to the 28th annual Australian Property Directions Survey. Using the property clock system, whereby 12 noon to …
ANZ has faced claims that its long-standing mortgage customers were being used to subsidise new customers as the bank looks for growth in a slowing credit market. JPMorgan banking analyst Scott Manning said ANZ had been among the most aggressive when it came to offering discounts for new customers. While headline mortgage rates have been rising, …
[poll] National Australia Bank boss Cameron Clyne hasn’t ruled out a hike in his bank’s interest rates, but has pledged to undercut rival when it comes to the pricing of mortgages. Mr Clyne said interest rates “will move around” but NAB will be the best deal of the major banks. NAB currently sells variable mortgages …
Continue reading “Do you think NAB will keep the home loan interest rate low?”
About 400 angry ex-Bankwest customers say the bank has been colluding with property valuers to force commercial borrowers to default on their loans. The Perth-based bank is facing two potential class actions over the way it re-valued assets and called in the loans of hundreds of its small to medium-sized business clients after a takeover …
Continue reading “Beware of Bankwest – A Message from Unhappy Banking”