Good news for investors as lenders reduce interest rates
In a trend that has emerged since the end of last year, January 2016 saw Australian home loan lenders continue to reduce the rate of investor premiums.
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Newcastle Permanent reduces its investor fixed interest rates
Last year we saw many home loan lenders increase interest rates for investor borrowers - including the four major banks CommBank, Westpac, ANZ and NAB and a range of other lenders like St.George, UBank and Bankwest - to meet requirements by APRA of a maximum investor portfolio growth of 10% per annum.
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Something old, something new: Millennials choose a mortgage over wedding bells
Research conducted by ME bank has shown that more and more young Australians are faced with a choice between tying the knot and buying a home - and that the latter is coming out on top.
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RBA tipped to keep cash rate at 2% due to inflation
According to expert investment dealer TD Securities inflation rose by 0.2% last month, resulting in the inflation gauge growing by an ideal 2% in the 12 months to December.
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Canberra real estate expected to heat up in 2016
Property experts in Canberra have predicted that the 2016 market will be a strong one, with both buyer interest and demand for rentals steadily increasing, WAtoday.com.au reported.
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Suncorp slashes interest rates on package home loans by up to 1.55%
Suncorp Bank has discounted interest rates on its Home Package Plus products by up to 1.55%, as it moves toward a competitive new range of offers for Aussie homeowners, The Advisor reported.
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Sydney recorded a second month of lower home values during December
According to the CoreLogic RP Data Home Value Index, the Sydney housing market has seen a 1.2% drop in average home values during the month of December.
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RBA Governor Glenn Stevens says the slowing property market is good for the Aussie economy
In his annual interview with the Australian Financial Review, RBA Governor Glenn Stevens has described the slowing Sydney and Melbourne property markets as a needed and welcome change.
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Victorian suburbs where it’s cheaper to buy than rent revealed
The past year has been record breaking for the Victorian residential property market, with more homes than ever before going to auction. In the midst of this, new REIV data has shown that it could in fact be cheaper to buy than rent in some Victorian suburbs.
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Rising cost of stamp duty slammed by economists
In the aftermath of an increase in stamp duty taxes last month, housing industry bodies are lobbying to abolish stamp duty altogether due to new findings.
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