Category: Economy

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Mortgage stress

Over 20 per cent of Australians experience mortgage stress

A survey from Roy Morgan’s research institute has found that nearly one million Australians experience mortgage stress. This equates to over 20 per cent of the population. While the results of Roy Morgan’s interviews of 10,000 owner-occupier mortgage holders are significant, mortgage stress is down slightly since this time last year, when 21.3 per cent […]

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Mortgage brokers increase customer competition and choice

A new report, ‘The Value of Mortgage Broking’, released this July by Deloitte Access Economics, has found that mortgage brokers increase competition and choice for customers, which brings a swag of benefits to the consumer, and the larger economy. Mortgage brokers began emerging in Australia in the mid-1980s, and now 55.7 per cent of loans […]

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Cash rate on hold for two years and one month

The Reserve Bank of Australia (RBA) has announced that the cash rate remains steady at 1.5 percent. This August marked two years since the last change. In fact, the cash rate hasn’t increased since November 2010. According to RBA Governor, Philip Lowe, there are a few national and international factors keeping the rate steady for […]

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4 ways to spring into the warmer months and bloom financially

Can you feel that warmth on your shoulders? Hear the bees buzzing? Yes, winter is nearly over, and spring is coming. We thought we’d celebrate by sharing ways to spring into the warmer months with some smart financial tips. Save first, spend later One way to get ahead financially is not to get behind. It […]

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Australia’s most affordable suburbs with strong capital growth

With a median house price in greater Sydney of more than $1.15 million, and the median house price in greater Melbourne around $915,000, properties under $500,000 start to seem appealing. But what if affordability and capital growth could be measured hand in hand? Turns out, they can. CoreLogic recently released its Top Affordable Suburbs Report, […]

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Improving housing affordability

A new report from the Australian Housing and Urban Research Institute (AHURI) released this July, investigates housing affordability in Australia and proposes new directions for housing tax reform. Why is housing affordability a problem in Australia? Housing affordability has been in steep decline in recent years, despite strong economic growth. The lack of affordable housing […]

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The Australian construction boom

You’ve seen the headlines, and possibly the cranes dotted along the horizon: construction is booming in cities across Australia. But how does this affect you? Inflated construction costs According to the recent International Construction Costs 2018 report by built asset consultants Arcadis, Sydney, Melbourne and Brisbane rank in the 25 most expensive cities globally for […]

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RBA

Residential lending dominates

Monthly data from the Reserve Bank of Australia (RBA) indicate that Australia Prudential Regulation Authority (APRA)’s policies are taking effect. What are APRA’s policies? APRA implemented policies in 2017 to slow investor lending, in an attempt to address housing affordability. The policies require lenders to limit investor credit growth by 10 per cent per year. Interest […]

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Client stories

Neville and Christine Lewis

Using the equity they had built up in their family home, Neville and Christine Lewis started investing in property in the early...

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Steve Moran and Andrea Bernard

Steve Moran and Andrea Bernard have always been focused on managing their money and maximising opportunities to grow their...

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Belinda and Ashley Benson

Borrowing money can get awfully complicated and that’s where having the right mortgage broker made all the difference for...

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