Although the full impact of Covid-19 is yet to hit the Australian property market, researchers predict the downturn won't last long. Once the economy gains momentum, the property market recovery should be swift, a trend often seen in the first five years after a recession according...
Staying at home in social isolation has done wonders for land sales, which surged during lockdown to their highest level since mid-2018, latest figures show. Latest South East Queensland data from property services group Oliver Hume showed sales at 150 projects across Brisbane, the Gold Coast,...
The MFAA is working to ascertain how lenders will treat borrowers with unconditional approvals that are facing “pre-settlement hardship” as a result of COVID-19. As the economic fallout from the coronavirus pandemic continues, the broking industry has raised concerns around the treatment of borrowers with unconditional...
Four capital cities and one major regional location are the best picks for investors in 2020 with major infrastructure projects and rental yield driving property investment growth. Although first home buyer loans hit the highest rate since 2009, investor lending also increased 4.9 per cent reveals year-on-year data...
Property investors are entitled to several taxation benefits however many fail to take full advantage of the depreciation deductions available to them. While most investors are aware of claims for expenses such as interest on their loans, council rates, property management fees and repairs and maintenance...
The RBA kept the official cash rate at a record low 0.75 per cent at its February meeting, the first of 2020. Tim Lawless, CoreLogic's head of research, said the result wasn't a surprise given the ongoing uncertainty brought about by the extent of the bush...
I noticed that most of us have already heard about an 'offset account facility' linked to a Home Loan, but not a lot of people knows what it really is and how does it work. This 1 minute video, from one of our lenders, is...
IT will come as no surprise to locals, but the Gold Coast has won the country’s popularity contest. The city has benefited from the biggest amount of internal migration, with Australian’s seeking the sunshine choosing the Glitter Strip to settle down. Plus the interstate migration...
The yearly Lender'Splendour was hold yesterday at the Royal International Convention Centre in Brisbane. As usual, this Connective event was a must to attend with great networking opportunities, meeting with a whole bunch of lenders and Industry Updates. A well-spent Professional Development Day! ...
APRA’s newly announced proposal to allow banks to set their own serviceability floors when assessing residential mortgage loan applications could enable more people to access mortgages, industry commentators have suggested. The prudential regulator launched a four-week consultation on Tuesday (21 May) asking members of industry to...
