Tag: property investment books
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South Australia Braces for Refinancing Surge Amid Rate Cut Speculation
A potential surge in refinancing applications is anticipated across South Australia following the Reserve Bank of Australia’s upcoming decision. The prospect of another interest rate cut has prompted many homeowners and investors in SA to consider refinancing their loans. Loan Market has already noted a significant increase in refinancing applications from SA borrowers compared to…
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Rate Cut Sparks Surge in Property Market Activity
The recent decision by the Reserve Bank of Australia to cut the cash rate for the third time this year is expected to have a significant impact on the property market in the upcoming spring season. This rate cut, bringing the cash rate down to 3.60 per cent, is likely to fuel a surge in…
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Home Guarantee Scheme Boosts First Home Buyer Participation
A successful scheme for first home buyers, the Home Guarantee Scheme, has seen a significant increase in participation over the years. The scheme, which saw one-third of the nation’s first home buyers benefit last financial year, has been instrumental in aiding individuals in purchasing their first homes. This surge in uptake can be attributed to…
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Study Reveals Rising Income Needed for Australian Property Buyers
Aspiring home buyers in Australia are facing a daunting reality as the housing market continues to surge. A recent study by Canstar has shed light on the substantial increase in minimum annual household income required to avoid mortgage stress when purchasing a property. The data reflects the impact of escalating property prices across various states,…
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Westpac Leads Major Lenders in Home Loan Rate Cuts
As the Reserve Bank of Australia made a significant cut of 25 basis points to the cash rate, the focus shifted to how home loan providers would respond to this change. The big news was Westpac’s decision to lower its variable rates to as low as 5.59% per annum, following in the footsteps of other…