Why would you refinance? (Hint: not because of rates)

According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more about […]

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Vacancy Rates continue to Rise in Melbourne and Sydney

The national residential rental vacancy rate has recorded a minor decrease over the month from 2.6% in April to 2.5% in May 2020, with the total number of vacancies Australia-wide now at 86,398 vacant residential properties. However, the largest rental markets of Sydney and Melbourne recorded rises in rental vacancies. Sydney rose to 4.0%, making […]

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7 Questions You Must Ask If You’re Considering Fixing Interest Rates

Is it time to lock in some or all of your loans into fixed rates? Interest rates at historic lows and the Reserve Bank hinting further cuts are unlikely. Reserve Bank Governor Philip Lowe has said interest rates will not fall to zero, and bearing in mind they are looking at alternative measures to prop […]

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This weekend’s auction results – Clearance rates around Australia

Low volumes at weekend auctions remain the order of the day, but remember this is a long “Queen’s Birthday” weekend in many parts of Australia. This was the fifth weekend for Sydney holding kerbside auctions and the fourth for Melbourne and this weekend the auction clearance rates were more subdued following a downward trend last […]

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