Workers in the medical, legal and education fields are among a growing list of professionals who can save thousands of dollars when applying for a mortgage with a deposit of less than 20 per cent. A variety of different lenders offer waivers to certain professions on lenders’ mortgage insurance (LMI),
CoreLogic reported a further fall in housing values through the first month of spring, with the national Home Value Index (HVI) recording a -1.4% decline in September. Although values continue to trend lower, the rate of decline eased from a -1.6% fall in August. The loss of momentum in the
The Victorian Government has established a dedicated taskforce focused on unfair practices in the property market, including underquoting and ensuring all Victorians have fair and easier access to purchasing a property. At a time when households are struggling with cost-of-living pressures, the taskforce will work to ensure property prices are
At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation
The lag effect is the potential ineffectiveness of fiscal policy due to the time it takes to recognise an issue, implement the appropriate approach, and affect the economy. The March 2022 qtr inflation data highlighted a 5.1% figure that shocked many and led to the Reserve Bank of Australia raising
Whenever house hunting for our buyer advocate clients, we put a lot of things into account. Majority of buyers want to be close to cafes, parks, and public transport. Whilst families want a property in a sought after school zone close to parks, playgrounds, cafes, and the amenities. As buyer’s
As buyer agents we have all heard about Feng Shui from clients, our friends, families, colleagues, or acquaintances whether it be a passing topic for conversation or a deep-thought discussion amongst peers. However, what exactly is Feng Shui? Why do some home buyers or even homeowners exercise this practice when
What is an Auction Reserve Price? The auction reserve price is typically set 48 hours before the auction. The sales agent and auctioneer will meet with the vendor over zoom or face to face and talk about the campaign. The auction reserve price is set based on feedback from the
A global city needs world-class road and rail projects to keep up with population growth. This infrastructure helps increase productivity and helps keep Melbourne in the running for one of the world’s most livable cities. In this article, we mention three infrastructure projects that will have an impact on house
Whether you’re looking to buy your first home or your tenth home, interest rates will play a big part in your decision-making process. Back in the 1990s, borrowers were paying as much as 17 per cent interest. Fast-forward to 2000, and the average interest rate was a little over 8
Acknowledgement of Country Industry Insider respectfully acknowledges the Traditional Custodians of the land of which we work, the Bunurong Boon Wurrung and Wurundjeri Woi Wurrung peoples of the Eastern Kulin Nation and pays respect to their Elders past, present and emerging.
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