Browse Posts “Media Articles”.
Property investors are invading the residential real estate market despite rising interest rates, with leading mortgage broker Loan Market Group reporting that its inquiries from investors have doubled over the past three months.
St Ives Loan Market mortgage broker Sandra Crossland said her area is following suit, with investors now making up 40 per cent of home loan enquiries she receives, compared to around 20 per cent in September last year.
“During the last three or four months there’s been a dramatic shift in the home loan market as investors replace retreating first home buyers,” Ms Crossland said.
Ms Crossland said the boosted ...
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Categories: Media Articles, Sandra Crossland. Tags: Home Loan, Investment, Investors.
A new survey by Loan Market has revealed that one in five Australian mortgage holders are already at their limit when it comes to loan repayments.
19 per cent of people surveyed said they would not be able to afford to pay extra on their mortgage if interest rates rose, leading to wide-spread mortgage stress.
Although the RBA maintained its rate at 3.0 per cent this week, some economists believe the cash rate could increase as early as November.
Loan Market Group Executive Director John Kolenda said if variable interest rates return to historical medium levels of around 7.8 ...
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Categories: Finance News, Media Articles. Tags: Interest Rates, John Kolenda, Loan Market, Mortgage Stress, Rba.
Home loan uptake still strong
Official data released yesterday showed households were reluctant to take on new loans in the current economic environment, unless it was to buy a new home.
The Australian Bureau of Statistics said the value of home loans rose 2.3 per cent in May, to a record $17.5 billion. The value of personal loans on the other hand fell by a seasonally-adjusted 2.9 per cent in May compared with April, to $6.03 billion, the lowest amount since November 2005.
Demand for mortgages has picked up sharply since last October on the back of historically low interest rates and the ...
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Categories: Finance News, Media Articles. Tags: Australia, Home Loans, Mortgage Broker, Mortgage Rates.
Homeowners should not bank on further cuts to mortgage rates even if the official RBA cash rate should fall, a mortgage broker has warned.
Leading mortgage broker Loan Market Group says mortgage holders are not only unlikely to gain from any cut in the official cash rate, but may even face higher mortgage rates.
The Reserve Bank of Australia left the cash rate unchanged at a 49-year low of 3 per cent for a third straight month after last week's monthly board meeting.
But RBA Governor Glenn Stevens reiterated there was scope to cut the cash rate further if needed.
However, ...
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Categories: Finance News, Media Articles. Tags: Mortgage, Mortgage Broker, Mortgage Rates, Rba.
Demand for fixed-rate home loans crept to an 11-month high in June, with the latest Australian Bureau of Statistics data revealing that fixed rate mortgages accounted for 6.5 per cent of all home loans in May, the highest level since July 2008.
Leading mortgage broker Loan Market Group says these levels may rise further as home owners prompted by the possibility of banks lifting their variable loan rates outside of the Reserve Bank of Australia’s interest movements; consider a fixed-rate mortgage.
The RBA on July 7 left the cash rate at a 49-year low of 3 per cent for ...
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Categories: Finance News, Media Articles. Tags: Fixed Mortgage Rates, Fixed Rate Home Loans, Variable Rate Loans, Variable Rates.
Consumers seeking a better mortgage interest rate shouldn’t rely solely on the Reserve Bank of Australia (RBA), according to leading mortgage broker Loan Market.
The RBA this week left official rates at 3 per cent but there is conjecture on the direction rates will go in the months ahead with some economists predicting further reductions and others warning of inevitable rises.
Loan Market Sunshine Coast mortgage broker Lindy Kelly says consumers should be more proactive and seek a lower interest rate on their home loans.
Ms Kelly said most mortgage holders were on standard variable rate home loans and ...
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Categories: Finance News, Media Articles. Tags: Home Loan Assessment, Mortgage Interest Rates, Standard Variable Rates, Sunshine Coast Mortgage Broker.
15 June
'Conditions right' to move from rent
According to an article in yesterday's Sunday Mail, conditions are ripe for leaving the rent behind to buy your own home.
A combination of low interest rates, softer property prices and government incentives have made buying your own home appealing, says Loan Market Executive Director John Kolenda, especially when it comes to first home buyers.
Mr Kolenda and other home loan company directors suggest that for those with a stable employment outlook, purchasing a home could potentially be cheaper than renting, depending on where you are living and the size property you ...
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Categories: Media Articles. Tags: Buying Property, First Home Buyers, Home Loan, Mortgage Broker.
04 June
Housing industry says RBA may cut further
Despite the Reseve Bank leaving official interest rates on hold this month, housing and finance industry representatives believe that further interest rate cuts could still be a reality for home owners later in the year.
John Kolenda, the executive director of mortgage broker group Loan Market, still believes official interes rates could fall to as low as 2 per cent, depending on economic results over the coming months.
Despite the possibility of further interest rate falls, Mr Kolenda is urging those with home loans to consider paying more than ...
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Categories: Media Articles. Tags: Home Loan Interest Rates, Home Loan Repayment, Home Loans, Interest Rate Cuts, Interest Rates, Loan Market, Pay off Extra, Reserve Bank.
25 May
First home buyers who are concerned about recent reports showing a rise in the average home loan size and wanting to limit their exposure to debt as much as possible should consult a reputable mortgage broker for assistance.
A good mortgage broker can work with you as a first home buyer in a number of ways to ensure your home loan is, and will remain, manageable for you.
Some of the options available to first home buyers include:
Choosing the right home loan
In many cases, simply ensuring you have the correct home ...
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Categories: Finance News, Media Articles. Tags: Deposit, Family Equity, First Home Buyer, First Home Buyers, First Home Owners Grant, Fixed Home Loan Rate, Home Loan, Mortgage Broker, Mortgage Management Strategies, Mortgage Stress, Variable Home Loan Rate.
29 April
Ray White Project Marketing Toowong, in conjunction with Loan Market's Euan Brown and Bradley Beer from BMT Tax Depreciation, are holding a free property investment seminar on May 20.
The seminar is designed to help existing and potential property investors to maximise their investment returns in the current market.
The free seminar runs from 6.30-8pm at the Toowong Uniting Church, 82 Sherwood Road, Toowong.
Anyone interested in attending should contact Ray White Project Marketing Toowong to register their interest on phone 3870 0088.
Source: Westside News
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Categories: Media Articles, Mortgage Brokers. Tags: Euan Brown, Free, Investors, Loan Market, Property Investment, Ray White, Seminar, Toowong.
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