Month: May 2018

Commercial, Finance, Home loans, Commercial Leasing

Buyers – and sellers – beware as royal commission exposes banking’s risky business

Hearings reveal more tales of reckless lending by banks – but also show that borrowers will take huge risks to make their dreams come true Westpac lawyers leave the Commonwealth law courts in Melbourne on Thursday, May 24, 2018. Westpac lawyers leave the Commonwealth law courts in Melbourne on Thursday, May 24, 2018. Photograph: Joe…
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Many people are considering their options in view of the Banking Royal Commission

There have been some alarming revelations about the behaviour of Australia’s Banks coming out of the Banking Royal Commission. It has shattered the myth that the big banks always put their customers first. Time and again evidence has been put forward that shows that the lending practices of some of the banks have frankly betrayed…
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Buyers – and sellers – beware as royal commission exposes banking’s risky business

Hearings reveal more tales of reckless lending by banks – but also show that borrowers will take huge risks to make their dreams come true Westpac lawyers leave the Commonwealth law courts in Melbourne on Thursday, May 24, 2018. Westpac lawyers leave the Commonwealth law courts in Melbourne on Thursday, May 24, 2018. Photograph: Joe…
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Many people are considering their options in view of the Banking Royal Commission

There have been some alarming revelations about the behaviour of Australia’s Banks coming out of the Banking Royal Commission. It has shattered the myth that the big banks always put their customers first. Time and again evidence has been put forward that shows that the lending practices of some of the banks have frankly betrayed…
Read more

Were mortgages more affordable 28 years ago?

The Property Investment Professionals of Australia (PIPA) has just released analysis arguing that mortgages are more affordable now than they were in 1990. Peter Koulizos, chairman of PIPA, said those who say property has grown less affordable with time haven’t studied the numbers properly. “Many commentators use just two indicators to measure housing affordability –…
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Why it’s worth cutting mortgage costs via cheaper loan

Amy Mylius says monthly costs on investment loans for her town house and apartment rose by $1300 a month before refinancing. Amy Mylius has saved more than $1000 a month in loan costs on her two investment properties by switching to a new lender after her repayments crept up by more than 100 basis points…
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The difference between median value and median price

Understanding the difference between the median sales price and the median value can provide you with useful insights into exactly what is going on in your local property market. The traditional metric is the median sales price. This is the median – or middle – price of all the properties that have sold in the…
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