Home owners across Western Australia breathed a collective sigh of relief when the RBA announced their decision to keep the cash rate at 4.5 percent yesterday. It’s a much needed boost for the local market. With over 14 500 property listings for sale in Perth any upward movement in rates is felt immediately in the …
Fixed rate home loans an appealing option for some borrowers
This is a guest post by Damian Mills. Damian is a mortgage broker with Loan Market Home Finance Brokers in Maddington. The big news over the past month has undoubtedly been the reduction in the interest rates on a number of fixed home loan products, particularly those over two and three year terms. Some of the …
Where’s the property market heading in 2010?
2008 was a tough year in real estate. In those last few months it appeared there was little to expect but an almighty crash. In some instances property values took a sharp dive. Stories of people slashing prices to achieve a quick sale were rife. Few were willing to predict even a flat market. But …
Property owners warned: interest rate pain to come
While many property owners and first home buyers are celebrating yesterday’s Reserve Bank decision to leave rates unchanged there’s interest rate pain to come according to President of REIWA, Alan Bourke. Quoted on WA Today, Mr Bourke urged home owners to budget for a big increase in the near future. Real Estate Institute of WA …
