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RECENT MARKET UPDATES AND HOME LOAN TIPS

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Mortgage rates set to rise to 7%

John Edwards, former member of the RBA, has predicted that the RBA will attempt to achieve a cash rate of 3.5% over the next two years. He states that eight increases of .25% in 2018 and 2019 are a distinct possibility. Mr Edwards explained that the RBA: “would think of a sustainable or natural policy rate as at least 3.5 per cent and, most importantly, it will want the policy rate increase to match the forecast improvement in Australia’s economy performance, so it will want to be at 3.5 per cent (at least) by the end of 2019”. We think that while a 2 percent increase over the next two years may be

Caojiawan, the station that opens to the middle of nowhere.

Your typical Australian train station is surrounded by a crowded Park 'n' Ride, skateboarders grinding on rails, and 9-5ers keen to end their commute and get back to their families. It’s a busy place and no one wants to stay there for longer than they have to. The same goes for most cities around the world, however on the outskirts of Chongqing in China, things are a bit different. Caojiawan station has earned the nickname “the loneliest station in the world”. When departing your train, you are met with the typical subway-style architecture found in most stations. However, after climbing the stairs to the exit, all sign of civilisation disappears. The seemingly abandoned station
Budget 2017-18

2017 Federal Budget Highlights

After weeks of speculation on its contents, the 2017 Federal Budget has been released. Our analysis summarises three important changes for first home buyers, investors, and property managers. From 1 July 2017 the following measures will take place: 1. First Home Super Saver Scheme Individuals are able to make additional voluntary pre-tax contributions to their superannuation account. These additional contributions and any income from them are able to be withdrawn and used as a deposit for their first home. The additional contributions will attract the more favourable superannuation tax rate of 15% rather than the individual's marginal tax rate. A similar scheme was implemented pre-2010 where individuals were able to open a special First
custom offers

Rentberry – an online auction platform for rentals.

Rentberry - an online auction platform for rentals. Rentberry, a Californian based startup company, aims to allow tenants to bid against each other for rental properties. In essence, the app provides an online auction platform for renting property, allowing tenants to submit offers to landlords in order to secure a property. The app also allows tenants to see how much others are bidding and enables landlords to select the best offers. “This creates a healthy rental environment in which all prospective tenants can evaluate competition and make educated offers. Such open assessment results in a fair and true market price for the property that benefits both the landlord and the tenant,” said Rentberry. Rentberry claims


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