In a recent report, The Reserve Bank of Australia has noted bank funding costs remain largely unchanged since mid 2016, when they did experience a jump which accounted for out of cycle rate rises we saw
Construction Loan Process – Typical house and land package general overview: Stage 1 – Pre approval Mortgage Broker Melbourne arranges a pre approval for the estimated total cost of the land + construction. This approval is not specific
NAB lead the charge this week by increasing interest rates out of cycle with The Reserve Bank, announcing a 0.07 increase for owner occupied loans and an increase of 0.25 to all investor loans. This change
Finally some great news for first home buyers this weekend! From July 1st, for established homes under a $600k purchase price, no stamp duty will apply! I am very much in favour of an additional concession which
Buy with confidence
Melbourne is about to hit one thousand auctions early in the year, with this week already clocking an impressive 867 auctions at a 79% clearance rate. Auctions results from REIV say they’re expecting more than 3100
This week REIV released the auction clearance rates for the period between 19 December 2016 and 4 February 2017. It showed a clearance rate of 79 per cent with 416 auctions held, 328 selling and 88
Melbourne hit the record books last year with huge auction sales, and this year has got off to a good start too. There were a healthy number of auctions around Victoria – a total of 147
Simple descriptions of the various types of loans you are likely to encounter
The 2017 property market has kicked off to a great start following the annual seasonal hiatus. As usual for this time of year, it was a quiet start to the new year with only 71 properties
Melbourne will hit the record books this Christmas, with a December high of 2537 auction sales set to be broken for the first time in nine years. With a clearance rate of 77% on 1028 auctions
Melbourne saw auction frenzy this weekend with over 1200 houses and apartments auctioned, and an impressive 80% clearance rate. REIV’s market wrap predicts December records will be broken this year as almost 4000 homes go to
