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The loan suddenly turned into an impossible commercial loan burdened with a +100% LVR.
A few challenging weeks later, (the substantial $amount) loan was approved with a Loan to Valuation ratio over 100%, and the purchase settled exactly on the... Read more
The Reserve Bank (RBA) Governor, Philip Lowe, whilst addressing the Anika Foundation on 14 September 2021, had a go at the Interest Rate Swap (IRS) market because of differing views on the expected path of the official cash rate.
Lowe... Read more
Interest rates are suppressed by central banks. Yield curve control is one of their tools. Another tool is buying vast amount of bonds on market and funding government deficits, and lately the FED has been taking over a trillion USD$... Read more
The property was scheduled for auction on Saturday, 29 May 2021. On Friday, 14 May 2021 the real estate agent informed the auction was brought forward to 22 May 2021. On Monday morning, 17 May 2021 agent called for best... Read more
Bitcoin’s daily and weekly charts are one mighty Head-and-Shoulders formation.
If the neckline breaks by more than 3%, then Bitcoin can drop below USD$10,000. And why not? After all, when Bitcoin was trading about USD$64,000 and forming the Head,... Read more
On Monday, 21 June 2021, Japan’s Plunge Protection Team (PPT) stepped in, as usual, to rescue markets as the Bank of Japan purchased on market approximately ¥70 billion (or AUD$840 million) of Exchange Traded Funds after the TOPIX dropped by... Read more
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