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How Your Parents Can Help You Buy a Property

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How Your Parents Can Help You Buy a Property

Over the past few years, it’s become more common for parents to help their children purchase a property. As property prices have risen sharply, particularly in places like Sydney and Melbourne, entry into the property market is not as easy as it was a generation ago. ... Read More

admin November 30, 2021

Investing in the City vs Regional Areas

Investing in property in Australia has proven to be a sound long-term investment, with prices growing steadily for many decades. However, when the time comes to choose exactly where you should be buying a property, there are a myriad of things for you to think about. ... Read More

admin November 30, 2021
Rural lending for agribusiness is on rise

Rural lending for agribusiness is on rise

Rural loans for agribusiness growing at a rapid rate. With the downturn in the mining industry over the last few years Australia has turned to agriculture to fill the void. Fresh produce in the form of cereal, fruit, dairy and meat exports are on the incre... Read More

admin March 12, 2017
LOW DOC HOME LOANS

LOW DOC HOME LOANS

ABOUT LO DOC HOME LOANS A low doc loan or low-documentation loan is for someone, generally the self-employed, who has difficulty coming up with the necessary documentation required to apply for a traditional home loan. This may include those with a poor credit... Read More

admin November 23, 2014
DISPLAY HOME LOANS MADE EASY

DISPLAY HOME LOANS MADE EASY

At Selectabroker, we have our own mortgage broker panel who specialise in display home loans, not just home loans. You see, building your new display home is very different from purchasing an existing property, which is what makes us different from your everyday financi... Read More

admin November 23, 2014
Australia’s Mortgage Broker Sector To Keep Expanding In 2013

Australia’s Mortgage Broker Sector To Keep Expanding In 2013

The Mortgage Finance Association of Australia (MFAA) expects the country's mortgage broker sector to witness impressive growth this year, with its share of the lending market seen growing to above 40%, it said on its website. Recently, financial expert Deloitte publi... Read More

admin October 8, 2014
Australian New Home Sales Rise 6.2% In December

Australian New Home Sales Rise 6.2% In December

The Australian housing construction market is poised for recovery, with new home sales rising by 6.2% on a seasonally adjusted basis in December 2012, the third monthly increase in a row, showed the HIA New Home Sales report. In a sign that new construction is accele... Read More

admin October 8, 2014
Home Loan Defaults Higher In Australian Costal Areas

Home Loan Defaults Higher In Australian Costal Areas

Australia's coastal regions, where tourism is the main cash driver, are more likely to default on home loans, according to the latest research from global ratings service Fitch. Gold Coast East, Sunshine Coast and South West Western Australia are among the 20 regions... Read More

admin October 8, 2014
Australian Banks Slash Fixed Mortgage Rates

Australian Banks Slash Fixed Mortgage Rates

Several large Australian lenders lowered the fixed interest rates on their home loan offerings in a sign of expected variable rate cuts in the months ahead, the Australian reported on 7 February. Westpac has cut the fixed rate on its two-year premier advantage mortga... Read More

admin October 8, 2014
Total Of 38% Of Australians Believe RSA Will Raise Rates In 2013

Total Of 38% Of Australians Believe RSA Will Raise Rates In 2013

Over a third of Australians think that the central bank will hike rates this year, which could potentially lead to an increased demand for fixed rate products. A total of 38% of Aussies believe that rates will head upwards in 2013, according to the National Mortgage ... Read More

admin October 8, 2014
Online Portals Pose No Risk To Brokers MFAA Said

Online Portals Pose No Risk To Brokers MFAA Said

Online portals and the Internet present no threat to the broking industry; these are only tools that potential borrowers use to get initial information about home loans, Phil Naylor, head of the Mortgage and Finance Association of Australia (MFAA), said in response to a... Read More

admin October 8, 2014
Australia’s Commercial Loans Gain 8.6% In December Said ABS

Australia’s Commercial Loans Gain 8.6% In December Said ABS

Commercial lending registered a solid growth in the last month of 2012, according to data from the Australian Bureau of Statistics (ABS). The value of commercial loans increased by 8.6%, on a seasonally adjusted basis, to $31.9 billion in December 2012, the ABS said ... Read More

admin October 8, 2014
Australian Banks Face Growing Pressure To Axe Mortgage Rates

Australian Banks Face Growing Pressure To Axe Mortgage Rates

Australia's biggest lenders are under increasing pressure to lower their mortgage rates independent of interest rate moves by the central bank, as their profits from new mortgages reach the highest level in over a decade, The Australian reported on Tuesday. An analys... Read More

admin October 8, 2014
Low Fixed Interest Rates Lure Young Aussie Home Buyers

Low Fixed Interest Rates Lure Young Aussie Home Buyers

While in previous years Australian home buyers would go for variable interest rate home loans, now we are witnessing the opposite phenomenon, with locking in mortgage repayments becoming a more attractive proposition. Young Australian first home buyers are setting th... Read More

admin October 8, 2014
Australian Home Loans, Prices Record Modest Uptick

Australian Home Loans, Prices Record Modest Uptick

Australian home loans rose slightly in January, according to data collated by the central bank. Home credits edged up by 0.4% in January after adding 0.3% in the previous month. However, the growth still pales in comparison with the 4.4% increase recorded in January 201... Read More

admin October 8, 2014
Australia’s Rural Property Market Starting To Perk Up

Australia’s Rural Property Market Starting To Perk Up

Australia's rural property market is starting to show some signs of revival and investors interested in deals with rural land are recommended to take advantage of the uptrend in the market, Colliers International said. Tim Jelbart, rural and agribusiness valuation ma... Read More

admin October 8, 2014
Australian Households Now 14% Ahead On Mortgages

Australian Households Now 14% Ahead On Mortgages

Australian households have been redeeming more than adequately their home loans and currently they are $160 billion ahead on their mortgages, The Australian reported. Nearly 50% of the three million Australians with a home loan have made use of the unprecedented decl... Read More

admin October 8, 2014
House Prices Grow Slightly In Q1 2013 – ABS

House Prices Grow Slightly In Q1 2013 – ABS

In the first three months of the year, house prices across Australia's eight capital cities edged up by 0.1% after rising by 2% the previous quarter, the latest figures from the Australian Bureau of Statistics (ABS) revealed. In the 12 months to March, home prices in... Read More

admin October 8, 2014
Home Loan Approvals Growth Proves Better Than Expected In March

Home Loan Approvals Growth Proves Better Than Expected In March

In March, home loan approvals in Australia rose by 5.2% during the month, beating analyst's forecasts for a more modest improvement of 4%, the latest figures from the Bureau of Statistics have shown. This is the most significant monthly increase in home loan approval... Read More

admin October 8, 2014
Global Investors Rush To Buy Commercial Property In Australia

Global Investors Rush To Buy Commercial Property In Australia

Global investors are steering away from commercial property in the US and Europe and are rushing to buy office buildings in Australia, in order to take advantage of the attractive yields, Bloomberg said in an article. Investors have been buying Australian office prop... Read More

admin October 8, 2014
Rise In Home Loan Approvals Fuelled by Upgraders And Investors

Rise In Home Loan Approvals Fuelled by Upgraders And Investors

Recent data published by the Reserve Bank of Australia (RBA) showed that since 2009 home loan approvals in the country have been on the rise, fuelled by homeowners' increasing interest in moving into new homes and by the growing investor demand for mortgage funding, the... Read More

admin October 8, 2014
New Home Loan Approvals See Modest Growth In April

New Home Loan Approvals See Modest Growth In April

The number of new home loan approvals reached 48,475 in April, scoring their highest number in three and a half years, the Australian Bureau of Statistics (ABS) said this week. Month-on-month, the number of new home loans approved edged up 0.8%, failing to meet marke... Read More

admin October 8, 2014
Low Interest Rates Help Australians Get Ahead On Loan Repayments

Low Interest Rates Help Australians Get Ahead On Loan Repayments

The low interest rates in Australia will continue to assist local borrowers in servicing their loans and better managing debt, rating agency Fitch says in a report seen by news agency Bloomberg. Analysts, led by Hai Duong Le, also expect that this year, the macroecon... Read More

admin October 8, 2014
Lending In Australia Sees Increase In May

Lending In Australia Sees Increase In May

Demand for loans in Australia recorded growth in May, new figures from the Reserve Bank of Australia reveal. In terms of value, credits provided to home buyers advanced by 0.4% in May compared with the previous month, after seeing similar increases in April, March an... Read More

admin October 8, 2014
Queensland Close To Obtaining $60M In Federal Funding For Farmers

Queensland Close To Obtaining $60M In Federal Funding For Farmers

Queensland is expected to soon strike a deal with the Australian government that could ensure the state with access to $60 million in concessional loan assistance, the Beef Central reports, citing Queensland agriculture minister John McVeigh. McVeigh said he was clos... Read More

admin October 8, 2014
Low Interest Rates Keep Encouraging Home Buyers In Australia

Low Interest Rates Keep Encouraging Home Buyers In Australia

The record-low interest rate in Australia contributed to a 1.8% increase in home loan approvals in May, the Australian Bureau of Statistics said earlier this month. As many as 49,636 Australian consumers were granted mortgage approvals in May, up from 48,736 the prev... Read More

admin October 8, 2014
Mortgage Applications Rise 6.9% In Q2

Mortgage Applications Rise 6.9% In Q2

In the second quarter of the year, mortgage applications in Australia recorded an annual increase of 6.9%, seeing their strongest growth since June 2010. In quarterly terms, mortgage inquiries advanced 1.9%, figures from credit data provider Veda showed this week. Th... Read More

admin October 8, 2014
House Prices Score Stronger Than Expected Growth in June Quarter

House Prices Score Stronger Than Expected Growth in June Quarter

Figures released this week by the Australian Bureau of Statistics (ABS) show that house prices kept increasing at a higher-than-expected pace in the quarter to June. Analysts project that growth in property values is unlikely to slow down any time soon, the Big Pond New... Read More

admin October 8, 2014
Government To Release $5.9M For Rural Financial Counsellors

Government To Release $5.9M For Rural Financial Counsellors

The Australian government is to provide an extra $5.9 million as part of a scheme intended to improve farmers' financial wellbeing, the Weekly Times Now has reported. The money will go to funding the work of 17 more full-time financial counsellors, who will focus on ... Read More

admin October 8, 2014
Home Loan Approvals Grow For 7th Month In A Row

Home Loan Approvals Grow For 7th Month In A Row

The latest figures from the Australian Bureau of Statistics point to the continuing growth of the country's property market, a trend highlighted by the seventh monthly increase scored in home loan approvals in July. The report reveals that the number of home loans ap... Read More

admin October 8, 2014
Australia’s Housing Market Growth Well On Recovery Track

Australia’s Housing Market Growth Well On Recovery Track

The number of home-building permits issued by Australia's government surged by 10.8% in July compared with the previous month, the latest figures published by the country's statistics bureau show. The nation's housing market was given a huge boost by the historic-low... Read More

admin October 8, 2014
Housing Bubble Fears “Overstated,” ANZ Chief Says

Housing Bubble Fears “Overstated,” ANZ Chief Says

Concerns that rising property prices will prompt a property bubble are "overstated," says Philip Chronican, local CEO for Australian and New Zealand Banking Group (ANZ). The jump in house prices observed in the last couple of months has reignited fears of a potential... Read More

admin October 8, 2014
Sydney And Melbourne Record Solid Auction Clearance Rates

Sydney And Melbourne Record Solid Auction Clearance Rates

It was another promising weekend of auction results for Sydney and Melbourne, with both cities recording strong clearance rates similar to those seen so far this spring, data from Australian Property Monitors (APM) shows. The cities achieved solid property auction cl... Read More

admin October 8, 2014
National House Prices Rise 1.3% in Q3 – NAB

National House Prices Rise 1.3% in Q3 – NAB

The latest Quarterly Australian Residential Property Survey from the National Australia Bank (NAB) showed a 1.3% rise in national house prices in the third quarter of this year, with growth recorded in all states but Western Australia. New South Wales saw the stronge... Read More

admin October 8, 2014
Home Prices In Australia’s Capital Cities Continue To Improve

Home Prices In Australia’s Capital Cities Continue To Improve

Home prices across Australia's capital cities improved by an average of 1.9% in the three months leading to September, keeping the housing market in positive territory for four quarters in a row for the first time since 2010, the latest data from the Australian Burea... Read More

admin October 7, 2014
HOME LOAN GROWTH EXCEEDS ANALYST FORECASTS IN SEPTEMBER

HOME LOAN GROWTH EXCEEDS ANALYST FORECASTS IN SEPTEMBER

According to figures released from the Australian Bureau of Statistics (ABS), growth in home loan approval in September rose by 4.4% on a seasonally-adjusted basis compared with the previous month, beating previous analyst projections of 4%. The low interest ... Read More

admin September 16, 2014
 

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