Large numbers of borrowers will soon be coming to the end of their fixed-rate period, with Commonwealth Bank alone revealing that $44 billion of fixed loans will expire this year, according to Canstar.
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The big four banks have forecast that the Reserve Bank will begin lifting official interest rates from June. If and when that happens, lenders will almost certainly increase their home loan rates.
There is more to investing than just purchasing a block of land. Every city and suburb has unique factors contributing to supply and demand. So it is vital to understand who is living in the area, what makes them stay for the long term, and the average rental yield and vacancy rates.
The Reserve Bank has said it will increase the cash rate at some point. When that happens, banks generally pass the rise over to consumers who experience a mortgage rate rise. So what can you do to prepare?
Property Gearing can be a confusing topic....
There is more to purchasing a property than just...
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The use of buy-now-pay-later services has surged in recent years, more than doubling between 2018 and 2021, according to Roy Morgan. Meanwhile, credit cards are also used by a lot of Australians.
Australia’s banking regulator, APRA, has introduced new lending rules that will reduce the maximum amount some people can borrow.
Refinancing your home loan for either an investment or owner-occupier property, is one of the most common options to access your equity or free up additional funds as you grow your property portfolio.
A range of lenders now offer special loans for borrowers who want to finance home improvements such as:
Installing solar panels
Installing water tanks
Adding double glazing to the windows
Doing renovations to make the home more energy-efficient
The most common mistake investors make is failing to declare all their property income, including capital gains from selling an investment property, according to the ATO.
This is a great time to be a property investor, with tenants being forced to fight hard for rental properties, according to new data from SQM Research.