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Lenders Offering Low Fixed-Rate Mortgages

Posted on by Laze Spasevski
Lenders Offering Low Fixed-Rate Mortgages
A limited number of lenders are now offering low fixed-rate mortgages whose interest rates start with a ‘4’, although variable rates continue to have a ‘5’ (at least) in front of them. So, are fixed rates about to make a comeback and is now the right time for you to fix your loan? That depends on your personal circumstances and what you anticipate will happen in the future. Here’s what t...
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Lenders Cut Interest Rates

Posted on by Laze Spasevski
Lenders Cut Interest Rates
More than 65 lenders, including the big four banks, have cut their interest rates following the Reserve Bank of Australia’s decision to reduce the cash rate from 4.10% to 3.85%. This will mean lower repayments for the typical variable-rate borrower – although the size of the rate cuts, and the dates at which they’re taking effect, is varying from lender to lender. Here are three tips...
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Construction Costs Growth Hits 15-Year Low

Posted on by Laze Spasevski
Building Cost Growth Hits 15-Year Low
Residential construction costs growth hits 15-year low as it rose just by 0.4% in the March quarter. This is the lowest quarterly increase since 2010, according to the Cordell Construction Cost Index. As a result, annual cost growth fell from 4.0% in the December quarter to 3.4% in the March quarter. However, building costs have risen 31.3% since the start of the pandemic in March 2020, so ...
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Investors to Manage Negative Cash Flow

Posted on by Laze Spasevski
Investors Weathering Cash Flow Storm
Surveys show that property investors confirm investing can be a fantastic way to build long-term wealth, but they need to prepare and learn to manage periods of negative cash flow, especially in the early years. The Property Investment Professionals of Australia (PIPA) found that 65% of investors they surveyed were negatively geared in 2024, up from 57% in 2023. PIPA chair Nicola McDouga...
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Victoria Extends Stamp Duty Concession

Posted on by Laze Spasevski
Victoria Extends Stamp Duty Concession
  Victoria delivers amazing news for all off-the-plan homebuyers as it extends the off-the-plan stamp duty concession for another 12 months—boosting housing affordability and driving new construction. The Allan Government initially introduced this concession in October 2023 as part of its Housing Statement, with an original end date of October 2025. However, the 2025/26 Victorian St...
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Inflation Continues to Ease

Posted on by Laze Spasevski
Inflation Keeps Trending Down
The latest inflation data, recorded before the USA announced its recent series of tariffs, show that inflation continues to ease, increasing the likelihood of future interest rate cuts. The Australian Bureau of Statistics reported that the annual headline inflation rate declined from 2.5% in January to 2.4% in February, marking the seventh consecutive month it remained within the Reserve Ba...
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RBA Reveals Positive Mortgage Data

Posted on by Laze Spasevski
RBA Reveals Positive Mortgage Data
The Reserve Bank of Australia (RBA) reveals that “there is positive mortgage data for a vast majority of borrowers. That means, borrowers would remain able to service their debt under a range of plausible economic scenarios”, according to the central bank's latest Financial Stability Review. Crucially, about 97% of borrowers have positive cash flow, which means they’re able to meet their mo...
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Banks Are Offering LMI Waivers

Posted on by Laze Spasevski
Banks Offering Special Deals To Certain Professions
Good news if you’re an essential worker! Some banks are offering LMI waivers to professions such as police officers, teachers, firefighters, nurses, midwives and paramedics. Lender’s mortgage insurance, or LMI, is an insurance premium you generally get charged when you provide a deposit of less than 20%. For example, if you were a first home buyer and wanted to buy a $600,000 property with ...
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Rate Gap Highlights Need for Regular Loan Reviews

Posted on by Laze Spasevski
 Rate gap highlights a need for regular loan reviews as results on Finder, a comparison website, shows a gap between the average variable interest rate and lowest variable rate of 1.57 percentage points in early March, while the gap between the average and lowest fixed rate was 1.37 percentage points. It is very important to note that interest rate comparisons are not always equal, and some loa...
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Homebuilding Costs Increased by 40%

Posted on by Laze Spasevski
  Homebuilding costs have increased by nearly 40% since late 2019, according to a speech by Reserve Bank assistant governor Sarah Hunter. Meanwhile, general inflation (referred to as headline CPI in the graph) has been less than 20%. So why have residential construction costs grown twice as fast? Ms Hunter said one reason is that building materials and labour have “risen sharply” si...
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