Australians Abroad Archives - MO'R MORTGAGE OPTIONS

What’s the Latest on Housing Prices? Do you know what your home is worth?

Whilst we haven't seen house prices grow this fast in the last 17 years, the latest data from CoreLogic suggests the growth cycle may be tampering. It’s no secret that house prices have reached record-breaking highs this past year. We've seen it every day when yet another home sells for higher than auction reserve, and a client comes back to us wanting to increase their pre-approval limit. CoreLogic’s latest Hedonic Home Value Index reveals that home values grew by 16.1% over the past 12 … [Read more...]

What questions should I ask the Real Estate Agent?

You’ve been house hunting for what seems like months (because, well it HAS been months) and you’ve have finally found “the one.” It has the open plan kitchen you want, the separate living space for you to relax without being surrounded by kids toys and a lovely patch of lawn that you know won’t stay green once you move in. But, it ticks all the boxes and you want to take things further. To ensure you have the best chance of having your offer accepted by the vendor, here are a few questions … [Read more...]

Interest Rates: RBA Decision Feb 2017

At the RBA Meeting held today 7 February 2017, 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. The outlook continues to be supported by the low level of interest rates. Financial institutions remain in a position to lend. The depreciation of the exchange rate since 2013 has also assisted the economy in its transition following the mining investment boom. An appreciating exchange … [Read more...]

RBA Interest Rate Decision – October 2016

Interest Rate Decision: the RBA Board decided to leave the cash rate unchanged today at 1.50 per cent. Here is part of the statement issued by Phillip Lowe, Governor: Monetary Policy Decision. Financial markets have continued to function effectively. Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative. Government bond yields are near their historical lows. Low interest rates have been supporting domestic demand and the … [Read more...]

RBA Interest Rate Decision – August 2016

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016. Here's the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. Actions by Chinese policymakers are supporting … [Read more...]

RBA Interest Rate Decision – June 2016

At its meeting today, the Board decided to leave the cash rate unchanged at 1.75 per cent. Here's part of the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. ... The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. China's growth rate moderated further in the first part of the year, … [Read more...]

Property Investment: FAQ

If you're thinking about growing a property portfolio, chances are you're looking for answers to the following questions... 1. What am I hoping to achieve by buying investment property? Are you looking for predominately strong rental returns or is your main focus on long term capital growth? Knowing why you want to buy investment property will make it easier to find a suitable property. If you don’t know what you're hoping to achieve, it can be hard to narrow down your choices. 2. … [Read more...]

Improve your chances of a Loan Approval

It's not getting any easier to borrow money. The residential lending environment started to dramatically change late last year when lenders across the board raised interest rates on investment loans. But that was just the beginning. Since then, lenders have increased the minimum living expenses for borrowers as well as increased servicing rates, making it harder for some borrowers to access the funds they require. So, are lenders still lending? Yes they are! However, you need to … [Read more...]

RBA Interest Rate Decision – April 2016

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent. Here's part of the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. In Australia, the available information suggests that the economy is continuing to rebalance following the mining investment boom. Consistent with developments in the labour market, overall GDP growth picked up over 2015, despite the contraction in mining investment. The pace of lending to businesses has also … [Read more...]

RBA Interest Rate Decision – March 2016

At its meeting today, the RBA Board decided to leave the cash rate unchanged at 2.0 per cent. Here's part of the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. In Australia, the available information suggests that the expansion in the non-mining parts of the economy strengthened during 2015 despite the contraction in spending in mining investment. This was reflected in improved labour market conditions. The pace of lending to businesses also picked up. Inflation is … [Read more...]