Latest Blog
WAR ON PROPERTY INVESTORS
2 July 2024
Australians love having a good guy and bad guy We all recall the community campaign against our banks that led to the Royal Commission into Banking Misconduct. The recommendations from this review have changed banking on many levels. Responsible Lending Laws have created a rigid framework with unintended consequences. Brokers
Read moreRENTAL AFFORDABILITY
5 April 2024
NAB’s economic update reveals rents have increased 11% over the last year. Meanwhile, property investments are down 5.1%. Landlords are selling up in Victoria and investing elsewhere. To compound matters further, approvals for new housing continue to decline. With 161,758 net migration in Victoria in 2023, our population is
Read moreRBA MEETING SCHEDULE 2024
1 September 2023
The Reserve Bank of Australia has released their eight meeting dates for 2024. Policy announcements will be made at 2:30pm with the governor holding a media conference at 3:30pm; 6 Feb 2024 19 Mar 2024 7 May 2024 18 Jun 2024 6 Aug 2024 24 Sep 2024 5 Nov 2024
Read morePROPERTY INVESTORS EXITING THE MARKET
26 July 2023
The number of property investors exiting the property market is increasing. A combination of factors is contributing to this trend, including: Massive interest rate increases over the last 12 months Onerous tenancy laws Increase in property land taxes Low rental returns (%) Holding cost inflation such as insurances, rates, etc
Read moreINTEREST RATES ON HOLD
4 July 2023
The Reserve Bank has decided to leave interest rates on hold. The Official Cash Rate OCR will remain at 4.1% This hold decision is welcome news after the Inflation data had fallen to 5.6% in May from the previous month reading of 6.8% The downward trend has provided sufficient
Read moreSMARTLOANS Bendigo Launches
1 July 2023
SMARTLOANS Finance Brokers officially launched on 1st April 2023. Founded by Glenn Harrison and Ron Bradley, they are both well known and experienced local Bendigo Mortgage Brokers. Originally operating as Smartline Personal Mortgage Advisors, the corporate business was merged into Mortgage Choice. “We made the decision to launch an
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