The second stage of the Parramatta light rail has been revived after months of speculation over its future, with the NSW government set to allocate $50 million to the project in next week’s state budget. The government commitment to the second stage, which will link Camellia and Sydney Olympic Park via Wentworth Point, comes seven months …
Missing link in Sydney’s light rail back on track Read More »
One of Australia’s biggest banks has upped its four and five-year fixed mortgage rates for owner-occupiers only, while property investors won’t cop a rise at all. However, the big four bank also shaved its two year fixed rate by 0.10 per cent, taking it down to 1.94 per cent for owner-occupiers. Investor two-year fixed rates …
Major bank hikes rates, makes big RBA prediction Read More »
Stephen Green hopes to buy a home for his family of four, but that dream has so far proven elusive. The 38-year-old Melburnian says he and his wife Bronwyn have “pretty good” incomes and have been saving for the better part of a decade, with the last five years being “pretty hardcore savings”. “The smashed …
First home buyers would get a $25,000 grant to help them enter the market as the NSW government moves to overhaul property tax at the same time as home ownership for people under 40 plummets. A grant would replace existing stamp duty concessions for first home buyers under the property tax reforms, which would initially allow …
NSW to offer $25,000 grant for first home buyers in stamp duty overhaul Read More »
Australia’s closed borders have not stopped overseas buyers from looking to get a slice of the booming property market on our shores. Realestate.com.au data showed international search activity for properties on its portal was up 6.37 per cent — on top of what was already a mammoth 20 per cent increase in the previous 12 …
Foreign property buyers circle popular Australian regions Read More »
Many Australians, towards the end of every month, face the sometimes daunting task of making repayments on their principal and interest variable rate home loan. Have you ever stopped and asked yourself how a bank works out what that variable rate should be? And once you’ve worked that out, can you determine if homeowners are …
The big banks could drop their variable rates much lower, but by how much? Read More »
