Loan Market Corporate Spokesman Paul Smith said a survey of the company’s mortgage brokers found just five per cent thought interest rates were the main reason first homebuyer activity was subdued. Of the 221 broker respondents, 52 per cent believed a lack of genuine savings was the main reason keeping…
Written on Thursday, 17 May 2012 15:41
in Our Team Blogs
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Since the Reserve Bank dramatically reduced interest rates by half a percentage point last week, most banks have passed on some of the rate reduction to mortgage holders. Then this week the federal budget increased a range of benefits for low- and middle-income earners. These are designed to help offset…
Written on Monday, 14 May 2012 16:33
in Our Team Blogs
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Reality television shows such as "The Block" has spotlighted the opportunities that buying properties in need of substantial renovation can bring.On the downside they tend not to show the traps waiting for inexperienced and foolhardy purchasers. The big ticket items such as underpinning, rewiring, reroofing and major plumbing are the…
Written on Thursday, 03 May 2012 17:26
in Our Team Blogs
Read 89 times
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