The first thing the agent murmured to my good morning greeting was ‘We are not going to auction. Are you able to bid on the property today because it will sell this afternoon or tomorrow” to which I replied, ‘Are... Read more
Underquoting can cause interested buyers to waste time and money on inspecting properties, getting reports, and attending auctions based on underquoted estimates of the selling price.
So how does Fair Trading with the help of the ACCC eliminate underquoting?
Simply... Read more
In this post, I calculate an index that shows how cheap or expensive Sydney median house price were since January 1979 compared to February 2021 prices.
I defined the cheapness index as a function of home prices, interest rates, inflation,... Read more
If I have a surprise and astonish look on my face is because when most consumers decide or are advised (by brokers and branch lending experts) to stay variable or to fix, they unwittingly punt blindly with extraordinarily little information,... Read more
The Dutch Tulip (1630s), South Sea (1720), Japan’s Real Estate and Stock Market (1980s), The Dotcom (1990s), and US Housing (mid 2000s) Bubbles combined together and many times more, have nothing on the US and World Debt Bubble (2021? 2022?... Read more
On 9 March 2020, the 10-year Commonwealth government bond yield was 0.555%.
When the Reserve Bank joined the Federal Reserve and other central banks to be the buyer of last resort (as well as the lender of last resort), the... Read more
We thought someone ought to make comparing home loans and lenders easier, so we gave it a fair dinkum go.
No fine print, no need to sort through seemingly endless loan information, no need to give up any personal information.... Read more
Without a doubt, the best 5-year fixed interest rate is Newcastle Permanent Building Society’s 1.99%. Also, they rate highly in our lender ratings with a score a TCSL of 96/100. Visit creditbroker.com.au.
It compelled us to number crunch and calculate... Read more
THE UNKINDNESS CUT POST RBA
On 3 November 2020, the Reserve Bank announced a reduction in the cash rate, 3-year yield target, and the interest rate on new drawings under the Term Funding Facility to 0.10% from 0.25%.
It... Read more