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
Choose to increase your cash flow now or later – Select the best method to fit your investment strategy The Australian Taxation Office (ATO) allows investors to choose between two methods of claiming depreciation on the fixtures and fittings within their investment properties. These are the diminishing value and the prime cost methods of depreciation.
By any measure, Airbnb’s growth has been stunning since the company was founded in 2008. It now has more than a million rooms available in homes, apartments and even former barns — more places to sleep than hotel giants like Marriott and Hilton. Despite this growth, though, the big hotel chains, at least outwardly, have
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.
National Australia Bank has cut interest rates on its four-year fixed mortgages to the lowest in 20 years, stepping up competition against rival lenders. Amid fierce competition in the home loan market, NAB shaved 0.2 of a percentage point off its four-year fixed mortgages to 5.44 per cent. It also cut five basis points off
Lenders are offering double-digit discounts and decades-low fixed home loan rates in a new round of fierce competition to build market share in booming property markets. Transactions, or the amount of properties being bought and sold, are at record levels despite February traditionally being a quiet month, according to RP Data, which monitors more than
Fewer Australians are falling behind in home loan repayments. Stable employment levels and interest rates at record low levels have pushed prime housing loan arrears to their lowest level in seven years during September, according to Standard and Poor’s rating service. During the month, the number of prime loans in delinquency slipped below 1 per