Home Buyer Interest up 50% on 2019
Buyer interest in the property market is up 50% on the same time last year, despite the challenges posed by Covid-19. According to realestate.com.au, searches in Victoria and South Australia [...]
Households Shore up Finances
Households are saving money by being frugal during lockdown, suggests figures from the Commonwealth Bank. Most households have the same income as before but greatly reduced expenditure, giving them the [...]
The Lasting Benefits Of the Shutdown
We’re going to benefit from the shutdown imposed by the virus, in infinite ways. It may not feel like it at the moment, and I don’t disregard the pain many [...]
Tasmania, Victoria Share No.1
Victoria remains the best performing economy but now shares top spot with Tasmania, according to the latest CommSec State of the States report. The ACT has lifted to third spot [...]
Borrowers Should Switch: ACCC
Banks were concerned primarily with maintaining their profit levels instead of reducing mortgage rates in line with RBA cash rate cuts during 2019, says the ACCC. It urges Australians to [...]
Requests to Defer Repayments Easing
Commonwealth Bank of Australia chief executive Matt Comyn says the number of customers requesting home loan relief packages is starting to “level out”. There are similar reports from NAB. “While [...]
Australia To Lead Global Recovery
The Australian economy is in a strong position for recovery thanks to the stimulus packages recently implemented by the Federal Government. Experts predict that an upturn in property markets will [...]
Loan Breaks Won’t Impact Credit Files
Home loan customers will not have their credit file marked with an adverse rating if they lose their jobs and have to ask their bank for repayment deferrals because of [...]
Economy Well Placed For Recovery
The Reserve Bank, which decided this week to keep the official interest rate on hold, says Australia’s financial system is resilient and that the economy will recover as soon as [...]
Q&A – Key Virus Impact Questions
Hotspotting’s 24 March webinar on the impact for real estate from the coronavirus attracted record numbers of registrants – and many of them had questions. Many asked about the wisdom [...]
