The reserve bank today decided to lift the cash rate to 4.00%, a move of 25 basis points. The Commonwealth was first to move, followed by ANZ and St George all matching the reserve bank with a 0.25% hike. The other banks are expected to follow shortly.
News.com.au Property story Investors win as rents set to rise By Karina Barrymore From: News Limited newspapers February 15, 2010 7:16AM The number of people intending to become property investors has almost doubled during the past year I File • Investment properties back in demand • Investors keen to buy before price rises • Rising rents mean higher returns With demand for rental properties set to soar this year, experts are urging investors and renters to get in now ahead of an expected price rise. Property investors are gearing up for a bumper year as big rent increases and strong capital gains are expected to offer double-whammy returns during 2010. Demand for rental properties, from both investors and tenants, is expected to surge during the next few months as people attempt to lock in properties before prices rise even further. Latest research from Resi Mortgage Corporation has found the number of people intending to become property investors has almost doubled… Read More
Money Magazine page 1 Money Magazine page 2 Money Magazine page 3 investors set to return to Australian Property Market
1. Home Loan options from 35+ major and minor lenders Many mortgage brokers claim to know bank policy but in reality favour 1 or 2 banks. And if you go into the branch the bank manager is not going to tell you the bank down the road has a cheaper interest rate and fees. At MAP we know bank policy, procedure and interest rates for over 35 lenders ensuring you get the bank and home loan that is right for you, not the one that is right for your bank or broker. See our panel lenders. 2. Up to 95% LVR for temporary residents Map knows lender policy back to front on Temporary Resident home loans as this is what we specialise in. We can arrange up to 90% LVR and sometimes 95% for Temporary Residents who have a Permanent Residency application lodged or are buying with an Australian Citizen or Permanent Resident. See the advantages of a 90% LVR… Read More