Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
According to a recent poll on the Sydney Morning Herald, 1 in 2 of Australia mortgage holders are experiencing mortgage stress which means you spend more than 30 per cent of your pre-tax income on your home loan repayments. This ratio is much higher than the reported 3 in 10 mortgagors are facing mortgage stress …
Continue reading “1 in 2 of Australia mortgage holders are facing mortgage stress”
According to Macquarie Group interest rate strategist Rory Robertson, you should at least put 2 percentage points buffer on your home loan interest when you buy your dream home. ”Indeed, another 2 percentage points worth of higher mortgage rates over the next couple of years wouldn’t surprise,” he said. The Reserve Bank today released the …
Continue reading “Please put 2 percentage points buffer when you buy property”