January 25, 2013, Sydney: Australia’s leading financial comparison website RateCity.com.au (RateCity) is warning first home buyers to prepare for rising interest rates, following a new study which claims it’s now cheaper to buy than rent on average in most Australian capital cities. Cheaper to buy on average FHB loan size Vs. median rents in most [...]
Average FHB loans cheaper than median rents in most cities but be prepared for rising interest rates!
Hopes were lost for first home buyers to restore life back to the home loan market, as Australia’s leading financial comparison website RateCity.com.au (RateCity) found the proportion of first home buyers ended mortgage season with an eight-and-a-half-year low. Australian Bureau of Statistics (ABS) Housing Finance figures, released on Monday January 14, 2013, show first home [...]
Shane Oliver, head of investment strategy and chief economist at AMP Capital recently gave his review of the year just gone and some views for 2013. In summary he said: While 2012 has had its share of worries, it has turned out far better than feared and share markets and growth assets have been able to generate strong [...]