We’ve had a few clients surprised recently that despite their mortgage interest rates effectively tripling (e.g. from around 2 per cent when they initially fixed, to around 6 per cent now with variable rates), their month-to-month repayments aren’t increasing to the same extent… I thought of putting this article together as a useful explainer. To […]
Deep dive into rising mortgage repayments
Ep #85 – Concerns higher land tax in VIC will ultimately hurt renters
https://media.blubrry.com/longpropertyshow/content.blubrry.com/longpropertyshow/Ep_85-Concerns_higher_land_tax_in_VIC_will_ultimately_hurt_renters.mp3Podcast: Play in new window | DownloadSubscribe: RSS Westpac has now scrapped the 3 per cent assessment rate buffer for certain refinance applications, however Victorian property investors and holiday home owners are now set to face higher land tax obligations. The announcement of higher land tax feels poorly timed given we’ve just experienced the largest […]
Ep# 84 – Will the 3 per cent buffer go soon
https://media.blubrry.com/longpropertyshow/content.blubrry.com/longpropertyshow/Ep_84-Will_the_3_per_cent_buffer_go_soon.mp3Podcast: Play in new window | DownloadSubscribe: RSSThe 3 per cent assessment rate buffer doesn’t feel appropriate anymore. Maybe for new borrowers looking to purchase and take on debt for the first time, but not for existing mortgage holders simply looking to refinance, to get a better deal, when they’ve already demonstrated an ability to […]