•
3 min read
•John Tripodi
Chart of the Day 3
Borrowers appear to be holding their larger repayments to continuing the trend to repay debt, rather than freeing up their cash flow for spending as rates fall.
Read article
Expert advice and insights from our team of finance professionals
Discover practical tips on home loans, refinancing strategies, property investment, and financial planning to help you achieve your property ownership goals.
Borrowers appear to be holding their larger repayments to continuing the trend to repay debt, rather than freeing up their cash flow for spending as rates fall.
A purple cow is a departure from the norm, something remarkable and worth talking about.
We are outliers and ‘over-weight’ in mining, financial services and construction,
We have just seen the Reserve Bank of Australia (RBA) cut rates for August. For the Major banks, we will soon see rates for new commercial property loans
The Major banks typically set their Loan to Value Ratios (LVRs) on commercial property between 70% to 80%.
20+ years of data trends I've analysed before told me that when the market slows and house prices flinch, the first home buyers (FHBs) re-emerge.
Re-purchasers still dominate the lending market, but they've been falling away over the past few years.
Refinancing is at record levels right now. Chart has ABS data to the end of the March quarter.
1. Melb follows Sydney – commentators say Melb is bound to catch up historically – and it still outperformed all capitals in the long term except Sydney
Why are the average rates in Australia high?
The RBA rate cuts of Feb and May may not deliver the spending shots in the arm that disappointed retailers were looking for.
Don't be too mad with the RBA. Economics is not an exact science. In fact, in academic and industry circles, it is known as the 'dismal science', where there is consensus that it is not a science at all.
We have it good in Australia. Customers can get a broad array of choice of lenders and loans via their brokers for best value and best fit.
Subscribe to our newsletter for the latest finance insights and tips delivered to your inbox.