Tune in here for the latest information about credit, interest rates, and the property market. We do our own research to give you the most current and accurate news.
Home loans become problematic for banks when the borrower cannot afford to pay. When this occurs it simply passes it on to their arrears team for management.
APRA (Australian Prudential Regulation Authority) expects banks to assess new borrowers’ ability to... Read more
The battle of wits is on again, albeit at a very early stage. Last round went to the bond market.
The bond market is starting to believe that the RBA has gone too far with its cash rate increases in... Read more
Let’s start with Market competitive Home Loan interest rates.
A competitive (principal and interest repayment) owner-occupied home loan variable interest rate today would be 4.19%; a 2-year fixed would be 5.04%; 3-year fixed would be 5.19%; 5-year fixed would be... Read more
I do not financial prostitute my standards and ethics to appease the referral brigade that are accustomed to the lucrative kickbacks the mortgage broker industry pays.
I inspected property, provided property research, negotiated with real estate agents, and bid at... Read more
Which Central Bank will dare to increase interest rates 1% above inflation to fight inflation? Whilst I stand to be corrected, the International Monetary Fund demands this of those countries that it bails out.
Now consider the consumer that met... Read more
On 30 June 2022 financial analysts were shocked that lenders massively hiked their fixed rate loans by up to 1.40%. We begged to differ at the time, providing facts and, referencing among other, our 4 June 2022 research note, The... Read more
» These financial analysts said that “The Commonwealth Bank is responding to the rising cost of fixed-rate funding.” Fair enough, but let’s look at the facts.
» Since their peak on 15 June 2022 wholesale interest rates plunged by a... Read more
» Land Tax for Stamp Duty incentive The NSW government (budget 2022) is offering first home buyers the option to choose between paying land tax at an annual levy of $400 plus a 0.3% tax on the value of... Read more
One is a hard-working layperson.
The other is an equally hard-working person, a Medical Practitioner or Dental Practitioner, Optometrist, Veterinary Practitioner, Anaesthetist, Dermatologist, GP, Paediatric Practitioner, Obstetrician, Physician, Ophthalmologist, Psychiatrist, Radiation Oncologist, Radiologist, Surgeon, Solicitor, Barrister, QC, Judge, Partner in... Read more
And why not? But are you prepared?
To better understand why a 3 year fixed rate today at just 1.99% may be the best value since the 1.99% 5 year fixed rate offered in February 2021, let us start with... Read more