Mortgage broker AFG processed a record $1.09 billion worth of home loans in Victoria in July. The monthly surge in mortgage lending was more a sign of changing borrower preferences for brokers over banks and less the result of rising demand for home loans, AFG general manager of sales and operations Mark Hewitt said. “The
PPB Advisory has set up a new real estate business on the Gold Coast and is betting on a surge of activity within the next nine to 12 months. The group’s new office will be headed by former EY property partner Garry McLean and has already attracted major clients such as listed residential developer Sunland.
Annual growth in bank lending to home buyers has surged to the fastest pace in two years, reinforcing speculation the Reserve Bank of Australia will signal next week that its easing cycle has finished. Figures released by the Reserve Bank on Friday showed lending for housing rose 0.6 per cent in December, the largest gain
The Commonwealth Bank of Australia will move its new Brisbane headquarters to Japanese billionaire Katsumi Tada’s Daisho office tower currently under construction. Commonwealth Bank chief financial officer David Craig said the move represented a significant and long-term investment in the future of the bank’s Brisbane based operations. “The new workplace has been designed to promote
In the wake of natural disasters, nearly one in four Queenslander’s are now fixing their home loan rate, while nationally demand for cheaper fixed-rate home loans is also rising, according to a prominent mortgage manager. During February, fixed-rate home loans were most popular in Queensland, where demand reached 23.05% of all new mortgage loan approvals.
A $31 million mixed-use apartment complex on the Ballina Riverfront is set to break the six-year development lull in the area if given the green light by the council. Known as Reside Living Ballina, the former Sundowner Motor Inn site will host 36 apartments aimed at downsizing baby boomers and empty nesters. Located at 274
A four-bedroom home in Fig Tree Pocket is listed for a auction this Saturday with a $2 million-plus price guide. Situated on a large 2,425-square-metre elevated block across two titles on Mactier Street, the two-storey heritage-style home last sold in 2008. Inspired by Brisbane’s Milton House on Coronation Drive, the home boasts 3.3-metre high ceilings,
Most banks and building societies have special home loan and investment loan deals and packages for Doctors, Dentists and lots of medical professionals which we have listed below. These deals for medical professionals can include LMI (lenders mortgage insurance) being waived up to 95% of the purchase price or refinance value, special offers on rates
The Reserve Bank’s December rate cut could be the last one for a very long time, one economist has claimed. HSBC economist Paul Bloxham said new data which show the labour market is currently performing incredibly well could force the RBA to leave the cash rate on hold for some time. According to the Australian