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Archives for December 2016

MO’R Mortgage Options: 2016 Business of the Year

What a way to end the year! Brendan O'Reilly was just named 15th in The Adviser Magazine's 'Top Young Brokers of the Year" List for 2016. This is the fourth year he's been recognised as one of the best young mortgage brokers in Australia. And as a team, Choice Aggregation Services named MMO as the 'ACT/ NSW Business of the Year' for our size. Hooray!! All those late nights and early mornings are starting to pay off. We're thrilled to have helped so many of you this year and can't … [Read more...]

Off-plan property valuations

Off-plan property valuation guidelines changed towards the end of 2016, resulting in some changes to the way off-plan purchases are approved by lenders.  If you’re thinking about an off-plan purchase (or have already committed to one), here's what you need to know.   How were ‘off-plan’ property valuations conducted in the past? Valuers used to conduct an “As If Complete” valuation for off-plan properties by providing an estimated value of the property as if it was completed.  This “As … [Read more...]

RBA Interest Rate Decision – December 2016

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.  Here's part of the statement issued by Phillip Lowe, Governor: Monetary Policy Decision. Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are assisting the economy to make the necessary adjustments, though an appreciating exchange … [Read more...]

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