The property market is rapidly approaching crunch time – where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments. Some will be able to recommence making payments, but for others this could mark the start of a series of tough conversations […]
[...]
Despite the Reserve Bank not having changed the official cash rate recently, banks are dropping their own mortgage rates as they compete against each other for home loan business Interest rates are now the lowest in living memory. Mortgage brokers tell Accredited Broker that they are as busy as ever with refinances – especially when […]
[...]
Regional property markets have significantly outperformed city markets on average over the past year and new research indicates median prices in regional areas across the country were up by an average of 3.4 per cent for the year to June 30, 2020. By contrast, capital city markets grew by just 1 per cent in the same period, according to […]
[...]
‘Life will never be the same again.’ Its been said non-stop since Coronavirus, but there is no doubt it has accelerated long overdue changes in the property market. Across the board, property-related professions are adapting and thriving despite the virus. Over the weekend, 73 per cent of Australia’s capital city auctions were successful, according to […]
[...]
Many have argued that the stringent government response to COVID-19 has placed the property market cycle closer to another downswing. However, so far, property value declines have been fairly mild. And the government’s stimulus package may well mitigate many fears. To date, the dwelling market has only contracted 0.4 per cent. In fact, egged on […]
[...]
Banks Keep Lending to Pump Economy Australia’s banks look set to keep rates at record lows and to be flexible with borrowers impacted by COVID 19. Reserve Bank Governor, Dr Philip Lowe, recently spoke to the CEO of our major banks where he expressed the need to be flexible with $226 billion in loan deferrals […]
[...]
Our head office is located in North Sydney. However, Accredited Broker has offices and training areas nationwide. Level 3 /97 Pacific Hwy North Sydney NSW 2060
POST PO Box 6478 North Sydney NSW 2059
1300 136 947