Sean Breen

House prices are rising in Melbourne and Sydney – one of the desired effects of the RBA’s historically-low rates. But do low rates always lead to higher prices? Just weeks out from Christmas, the RBA …
If you are buying or selling a property, the settlement period is when you will deal with finances and paperwork to legally transfer ownership of the property. Your financial and legal reps will handle the hard stuff but knowing what is involved is key to a smooth settlement. Here we guide you through it. Before settlement The length of the settlement (typically 30-90 days) can either be outlined in the contract of sale from the outset or negotiated by the buyer or seller before signing the contract. If you are a seller and still looking for a new place to live, you might want to negotiate a longer settlement period. On the other hand, buyers may also have certain parameters, such as a settlement
Since the start of the financial year, the RBA has cut rates to an unprecedented 0.75%. What happens if rates crash through zero and into negative territory? In August, Reserve Bank governor Philip Lowe told Federal Parliament’s Standing Committee on Economics that the RBA was prepared to do “unconventional things” to kick-start a flailing economy. It may be that unconventional measures are needed for unconventional economic times. At the same time as early signs are showing that the housing market is starting to find its feet in a low-rate environment, the government slashed its expected revenue during December – erasing almost half the surpluses originally predicted through to 2023. The Australian unemployment rate ended 2019 at 5.25%, wage growth has again been revised down
In the last five years, Australians’ perception of banks has changed. For many, dealing with banks has become a challenging and sometimes confusing process. As banks become more hands-off with their customers, more people are turning to brokers for help with their finance needs. This trend leaves room for brokers to step in and provide support when customers need it most. They can offer an easier, more straightforward process for those clients, such as the self-employed, who don’t fit the traditional banks’ model of an ideal customer. This growing market share of brokers not only creates greater efficiency but also allows them to be more competitive. Here are three key reasons why second-tier lenders are growing in popularity with borrowers in Australia. Personal borrowers
If you are buying a new home or investment, chances are you will be attending a lot of open houses and meeting a lot of real estate agents. Finding the right property involves time and research, so you will need to ask the right questions to ensure you are making a competitive offer on a property that meets your long-term needs. Here we outline four questions you should always ask before you close the deal. Why is the vendor selling? One of the most important questions you can ask is about the seller’s motivation for moving on. Vendors list their properties for a range of different reasons. Some may be tentatively seeing if they can sell their home so they can upgrade, while others

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