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Reserve Bank Keeps Current Official Interest Rate of 1.50%

by Wendy Chamberlain | Jun 5, 2018 | Buying a Home

The Reserve Bank of Australia today decided to keep the current official cash interest rate at its historic low level of 1.5 percent. An earlier survey by Reuters showed 47 out of the 48 economists predicted the rate would remain unchanged. In his monetary policy...

What Is Electronic Conveyancing and What Are Its Benefits?

by Wendy Chamberlain | May 30, 2018 | Buying a Home

Real estate transactions often involve a large volume of paperwork. Contracts alone can already have hundreds of pages and each contract needs to be provided in two copies. This often results in a high cost of printing, scanning, filing and archiving of documents....

What Are The Legalities Required When Renovating A Home?

by Wendy Chamberlain | May 22, 2018 | Buying a Home

Before starting a home renovation project regardless of its scope, it is a must for homeowners to know the legalities involved. Failure to do so can mean trouble. It could mean your renovation being stopped or pulled down. To start with, do check your local council...

Lending Restrictions for Property Investors To Be Scrapped

by Wendy Chamberlain | May 10, 2018 | Buying a Home

The Australian Prudential Regulation Authority (APRA) will soon remove a lending restriction for property investors. APRA chairman Wayne Byrnes recently said the 10 percent limit on bank lending imposed in 2014 would be scrapped. The lending restriction along with the...

Current Official Interest Rate Kept On Hold at 1.50%

by Wendy Chamberlain | May 1, 2018 | Buying a Home

The Reserve Bank of Australia today retained the current official cash interest rate at its historic low level of 1.5 percent. The move was widely expected by economists surveyed by Bloomberg. All the economists agreed the interest rates will be kept on hold. In his...

What is Due Diligence and What Does It Cover?

by Wendy Chamberlain | Apr 26, 2018 | Buying a Home

When buying a real estate property, there are always risks involved and as such, it pays to plan well and do your research. Many experts normally advice buyers and investors to do their due diligence regardless of the type of property they want to purchase....
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