Westpac will allow property investors to take out interest-only loans with smaller deposits than it previously demanded, as the country’s biggest lender to landlords seeks to lift its mortgage growth. In the latest move by a bank to target the recovering property investor market, Westpac is raising the maximum loan-to-valuation ratio (LVR) for interest-only loans…
Property Investors Rise in Every State and Territory
Consecutive rate cuts combined with an easing in lending standards has seen a sharp rise in investor lending with every state and territory recording a lift in the value of investment loans. Victoria and Queensland recorded the largest rise for the three month period to August, where the value of investment home loan commitments increased by 19.1…
Experts rate Brisbane best capital city to invest $500k in property
BRISBANE has beaten Sydney to be voted the darling of property investment in Australia by a host of industry experts. Nearly a third of those surveyed by comparison site, Finder, nominated the Queensland capital as the best city to invest $500,000 in property. The latest Finder RBA Cash Rate Survey found Melbourne shared the top…
National residential vacancy rates steady in July: SQM Research
Data released by SQM Research today has revealed the national residential rental vacancy rate remained steady in July 2019 at 2.3% from June. The total number of vacancies Australia-wide is now at 76,346 vacant residential properties, a decrease of 2,344 over the month but up 3,888 dwellings over the past 12 months. Brisbane and Adelaide…
‘It’s more about the location’: One-bedroom apartments most popular option for inner Brisbane renters
One-bedroom apartments were the most popular with inner Brisbane renters in the March quarter this year, despite agents considering them some of the hardest to sell. According to the latest quarterly Inner Brisbane Apartment Rental Review from property consultants Urbis, one-bedroom, one-car space apartments had the highest average number of rental applications per apartment. So what…
Historic Move: Reserve Bank of Australia Announces interest cut to a new all time low
The RBA has cut interest rates for the first time since August 2016, please see the below Press Release sourced from Reserve Bank of Australia. At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent. The Board took this decision to support employment growth and…
