Interest Rate Pressure Builds

January 22, 2011

January and February are usually the biggest months for banks to raise funds on global markets, but pricing for debt has skyrocketed since the end of last year. This does not bode well for home owners. Banks are likely to come under further pressure to continue raising interest rates — even if the Reserve Bank [...]

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Rising rates hit home owners hard

December 21, 2010

Rising interest rates are translating mortgage stress into delinquencies nationwide, a report finds. One home borrower in 100 was a month or more behind on their mortgage payments by September 30, and delinquencies increased considerably after six interest rate rises in 12 months, global credit ratings agency Fitch says. Western Sydney continues to shoulder the [...]

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Interest Rates on Hold For Now

December 7, 2010

The Reserve Bank has left interest rates unchanged, providing relief for borrowers and retailers in the crucial shopping weeks before Christmas. The central bank kept rates at 4.75 per cent – the level it raised them to last month – amid signs of weakness in parts of the economy not benefiting from the rekindled mining [...]

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Home Prices Tick Higher in October

November 30, 2010

Home prices ticked up in October but the Reserve Bank’s surprise rate rise this month could see that growth peter out by the end of the year. National city home prices increased 0.3 per cent, seasonally adjusted, following a 0.1 per cent rise in September, according to RPData-Rismark. “Since the market started to cool in [...]

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It’s Too Close to Christmas!

November 11, 2010

I have often said that the most commonly asked question I have been asked over my 20 odd years in Real Estate is “When is the best time to sell? This is quite often followed by the seller’s comment that they think they will “…wait until after Christmas”, or “…after school goes back”, or “Let’s [...]

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Sweeping Risk Under the Carpet

November 10, 2010

The following article appears on www.smh.com.au Long term investment strategies involving property investment have long been held as a pathway to wealth. However, there appears to be a return of the Property Investment Spruiker. These types of mags are full of ads for schemes, courses, software and seminars. They encourage, almost demand, the reader to [...]

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Auctions Hammered by Interest Rate Rise

November 8, 2010

“….and experts warn more prices will be under pressure in 2011 if rates keep climbing” The property market was slammed over the weekend, with the latest interest rate rise sending auction clearance rates down to the low 60s in Melbourne as investors back away. But experts warn the pain is set to continue, with economists [...]

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Pick a Winner this Spring Carnival

November 3, 2010

It’s the race that stops a nation, that’s for sure. But if there’s a conversation that’s sure to hold the nation’s attention for the other 364 days of the year, it’s property prices and Real Estate in general. While the Melbourne Spring Carnival, and a certain Octogenarian Horse Trainer gets all the press attention, I [...]

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Mortgage Stress bites Brisbane Hard

October 25, 2010

Melbourne and Brisbane have closed the gap on Sydney – but on one measure that few residents of the two cities will celebrate. Mortgage stress – the share of households paying more than 30 per cent of disposable income on home loan repayments – is now higher in Brisbane than in the Harbour City, with [...]

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Free DVD for Property Sellers

October 18, 2010

Thanks for visiting Property Agent Online, your one stop resource for buying and selling property. Chances are you’re thinking of buying or selling at some stage in the near future, and we have lots of information that can help save you thousands of dollars, and hours of stress and frustration. In conjunction with an award [...]

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