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 …
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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 …
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Property information group RP Data said more Australia homes are now with negative equity which means more and more Australia home owners are facing the situation that the value of their property is less than the outstanding balance on their home loan. New home owners fared the worst in the report with those owning a home between …
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The most common misconception about negative gearing is that it allows you to reclaim the entire shortfall between rental income and expenses from your tax bill. The reality is that only a proportion of the above-mentioned losses can be claimed, in line with your marginal tax rate. So if you pay tax at 30 per cent, you can claim …
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The fact that the value of loans to property investors fell 7.1 per cent in January 2012 shows that Australia property investors are cautious on property investment. Overall, home loan approvals dipped 1.2 per cent in January 2012, the first fall in 10 months, the latest Australian Bureau of Statistics figures show. The number of loans from …
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”Australian house prices could decline by more than 5 per cent in 2012 if China’s economy experiences a soft landing with GDP growth at about 8 per cent,’‘ according to Standard & Poor’s latest report titled China Soft Landing Would Moderately Impact Australia’s Housing Market. China’s insatiable demand for resources over the past decade, particularly iron ore …
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ANZ became the first of the big four banks to raise fixed home loan rates in March 2012 although it kept the interest rate on its variable mortgage steady. In a further sign that the banks are moving independently from the RBA, ANZ has lifted some of its fixed rates, including its residential three-year fixed package, which is its …
According to the latest home price index from RP Data-Rismark, capital city dwelling values in February 2012 rose by 0.8 per cent, after a 1 per cent fall in January 2012. Home values jumped by 5 per cent in Darwin, 2.2 per cent in Hobart, 1.8 per cent in Melbourne, 1.9 per cent in Canberra, …
Continue reading “2012 Property prices – February 2012 update on capital cities”
The Australian Stock Exchange and property data providers today launched a capital city home value index tracking home prices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The index, backed by property group RP Data-Rismark, will ”impute” the value of all dwellings in Australia’s capital cities and include daily price updates from homes sales across the …
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In USA, more and more lenders are allowing more short sales by financially strapped homeowners and a few people are even getting cash to complete the sale. Should Australia lenders follow this trend too? Short sales are when lenders allow borrowers to sell homes for less than their unpaid mortgages. They are an alternative to …
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Do you want to do a 25,720 km, 56 days 4 hours travel for 1.03% p.a. discount on your home loan? I saw the Suncorp Bank “1.03% p.a. discount for the life of the loan” marketing campaign a few days ago. Today I thought I might go to their branch to have a chat. I went to …
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