If you are about to buy your first home you may be asking yourself, ‘should I fix my home loan or not’? Especially with interest rates at an all time low. Today we take a look at ‘variable’ home loans versus ‘fixed’…
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to leave the cash rate on hold, at a record low of just 1.50%. The RBA noted in their press release that “inflation remains quiet low” & so does wags growth. In relation…
Over the last few years there have been many statistics that have confirmed the severity of the housing affordability crisis facing many young Australian’s across the country. This is a fact that has been confirmed again, this time by the data released by…
Spring kicks off strongly The first week of Spring has seen the highest preliminary auction clearance rate of the year, with the CoreLogic RP Data’s preliminary rate coming in at 78%. While total auctions actually being held are down, experts are advising there…
Strong Auction Clearance Rates Again The last weekend before Spring saw very strong auction activity again, with a preliminary auction clearance rate of 77% during the week ending August 28. There was also an increase of auctions held this week, with 2,113 registered auctions around…
An article published yesterday (23 August 2016) in the Australian Broker investigated the dwindling number of young first home buyers and whether Generation Y do, in fact, have it harder than any generation before them. FHBA Co-Founder Taj Singh spoke to…
If you are reading this blog and you have saved a deposit, I firstly want to start off by congratulating you. It is no easy feat to save a deposit in this low interest rate environment that we are currently live…
FHBA Mortgage Broker Ray Simpson from Sydney provides an exclusive insight into how the banks maximise their profits at the expense of borrowers! Disclaimer: Please note our website, including this article, is in no shape or form designed to replace the…
The auction clearance rate rose to a new yearly high of 75% during the August 6th – 7th weekend according to CoreLogic RP Data (based on preliminary results). There was 1,517 auctions around the country this week. How did my city fair? Based on the…
Earlier this afternoon the Reserve Bank of Australia (RBA) board decided to cut the official cash rate to a record low 1.5%. The RBA noted in their press release that recent data showed inflation to be “quite low” and that “this is expected…