Article by Patrick Lynch, Head of Operations (with input by Dan Gold, broker) In a recent blog, we set out some thoughts for those experiencing financial stress due to the economic effects of COVID19, including uncertainty as to how they would meet loan obligations. We now want to provide guidance for anyone who took a […]
Approaching the cliff – what happens when loan deferrals and income support stops?
Refinances hit new records | ANZ offer ends 29 May
Article by Dan Gold Incentivised by fixed home loan rates as low as 2.19 per cent, cash incentives of up to $4,000 (or $2,000 per property), and even 120,000 free Qantas points with certain credit cards, borrowers are refinancing their mortgages in record numbers. $11.5 billion of lending was refinanced in March 2020, the highest […]
How much will the property market fall, and when will it bottom?
Article by Daniel Gold Our economy is weakening, unemployment is rising, and overseas migration is temporarily on hold. Add to this weak sentiment and a temporary ban on public auctions and open home inspections. Presumably this can only have a negative impact on property prices. The big questions are: How much will the market fall […]