What can we learn from Australia’s wealthiest individuals?
Property is still the number one source of wealth While the industrialists’ and mining billionaire’s fortunes wax and wane, looking back over the years no matter how the Australian economy changes, the Rich 200 has always been dominated by property entrepreneurs. This year 50 of the Rich Listers made the majority of their fortune in property, while many of those who made their money in other sectors stored it in… ∞
What does the Budget mean for economic growth in 2016-17?
The Budget was neither hot nor cold. Spending and concessions were funded by savings elsewhere in the Budget. As such it will not massively add to nor detract from growth. The company tax cuts have the potential to lift investment and hiring but will not set the economy on fire. Of more benefit will be the RBA rate cut and the weakness on the Australian dollar that has flowed from… ∞
Reserve Bank of Australia cuts cash rate
The Reserve Bank of Australia on Tuesday (3/5/2016) cut the cash rate to a record low of 1.75 per cent in a bid to head off falling prices and an economic downturn. The cut, the first in a year, came less than a week after a shock drop in core inflation to well below the central bank's 2 per cent to 3 per cent target band.
House price falls in capital cities for first time in three years: Real Estate Institute of Australia
The median capital city house price has fallen for the first time in three years. Sydney’s median house price fell by 2.5 per cent in the quarter. The median house price across all capital cities fell, albeit marginally, to $695,788 in the December quarter, dragged down by a decline in the Sydney market. The 0.4 per cent decline followed 13 consecutive quarters of growth in the weighted average median house… ∞
The housing bubble Australia
A US-based researcher’s predictions that we will witness up to 50 per cent price drops across Australia are “outrageous” and “not going to happen”, according to leading economists. In a 60 Minutes episode on Sunday, Jonathan Tepper, founder of macroeconomic research group Variant Perception, predicted a property market crash of 30 per cent to 50 per cent. HSBC chief economist Paul Bloxham does not believe Australia has a housing bubble,… ∞
Applying for Home Loan while on Maternity
Can I get a mortgage? Did you know that some banks and other lenders can still approve a home loan or loan increase for you even though you are not receiving an income? Did you know that some banks and other lenders can still approve a home loan or loan increase for you even though you are not receiving an income? Which banks will consider maternity leave? Most banks will… ∞
Why Refinance Home Loan?
Why Refinance? Today's competitive home lending market makes refinancing much easier than in the past, and there are many good reasons to consider refinancing. Perhaps your financial circumstances have changed, you've started a new job or are dissatisfied with your existing lender. Maybe your current mortgage no longer suits your needs. Refinancing your mortgage can save you money in the long run if done correctly. No two home owners are… ∞