Entries by admin

Important Coronavirus Update for Renters

If you are a renter, you may have heard that your landlord can skip their home loan repayments. Unfortunately, this is not accurate. Anyone with a mortgage, if they are experiencing financial hardship, can only delay their home loan repayments, but they still have to pay them in full. In fact, when a property owner […]

Real estate 101 (A cheat sheet)

If buying or selling for the first time, you might be bamboozled by all the real estate jargon bandied about. Here is our A-Z guide to what it all means. Accrued depreciation The total depreciation of a property over a period of time. Usually the difference between the replacement value at purchase and its present […]

How to cure the Christmas Debt Hangover

The festive season might be a distant memory but many of us will still be paying for it well into the future. According to the Australian Securities and Investment Commission (ASIC), more than a third of us put our Christmas gifts on plastic. The Christmas splurge adds to our mounting household debt, already among the […]

RBA announces first cash rate of 2020

The Reserve Bank of Australia has announced its first cash rate decision of the new year. The rate has been kept on hold at its current record low of 0.75%, where it has sat since October 2019.  Following the release of the most recent data which showed a lowered unemployment rate and an uptick in the inflation […]

Non-conforming loans: What they are and how to get one

All the major banks have a standard set of rules they use to decide if a loan application is acceptable, or not. A ‘non-conforming’ home loan is simply a term used for home loans designed for people that don’t fit those rules. Loans like these can also be called ‘specialist’ or ‘alternative’ loans (alt doc). […]

Refinancing: Should you or should you not?

Banks are currently offering attractive rates to entice new customers. Is it time to change lenders? Refinancing is the process of replacing an existing mortgage with a new loan. Typically, people refinance their mortgage in order to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable rate mortgage […]

Are auction clearance rates likely to fall if more properties come onto the market?

There’s been a lot of conjecture recently about whether auction clearance rates are an accurate indicator of near-term upward momentum in dwelling prices. Some market watchers are hesitant to call a trend, citing “low” auction volumes. The theory goes that as auction volumes increase, clearance rates might dip lower (as supply outstrips demand). “We think […]