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 …
Investment property loan rising by 3 per cent in March
There is more evidence of investors returning to the property market, with the value of investment finance rising by 3 per cent in March. There has also been a fall in the number of owner-occupier home loans approved during March. Australian Bureau of Statistics (ASX: ABS.ax) figures show a 3.4 per cent slide in March …
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House price growth set to slow in 2010
A new report has found that growth in house prices is set to slow in 2010 due to rising interest rates and falling housing finance figures. The Australian Property Monitors’ Quarterly Housing report shows that national median house prices grew just over 3 per cent in March and there was an annual growth rate of …
Please put 2 percentage points buffer when you buy property
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 …
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Melbourne property market is even hotter after 5 RBA interest rates in 7 months.
Despite the recent 25 base point RBA interest rate rise, Melbourne property market is even hoter after Easter, having recorded its strongest opening quarter on record. The weekend’s clearance rate reached 85 per cent, from the 488 auctions reported. JPP Buyer Advocates’s Catherine Cashmore went to five auctions at the weekend and said all the properties at …
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