Big 4 slammed by Frydenberg after new mortgage rate changes

Originally published on Smart Property Investment Commonwealth Treasurer Josh Frydenberg has criticised the big four banks for failing to pass the full 25 bps reduction to consumers following Tuesday’s cash rate cut, despite ANZ and Westpac announcing changes. Both Westpac and ANZ came out to explain that they would not be passing on the full…

Lenders cut interest rates as RBA announced new record low

Source: Smart Property Investment Many of the nation’s top lenders have already responded to the RBA’s move to lower the official cash rate.   Today’s decision to cut the official cash rate by the RBA down by 25 basis points to 1.25 per cent has been one that has been anticipated for a long time, with the…

NAB among several lenders to slash rates

Source: Mortgage Business The major bank has joined several lenders in cutting its mortgage rates in anticipation of a monetary policy adjustment. NAB, BOQ, BankSA, and Greater Bank are the latest lenders to drop their fixed mortgage rates following a move from ING earlier this week. NAB NAB has reduced its two-year standard owner-occupied P&I…

3 reasons to invest in Brisbane properties

Source: Smart Property Investment After watching from the sidelines as Sydney and Melbourne topped the property game, will Brisbane finally have its time in the sun? For years, the property market of Queensland capital has grown modestly as other major capital cities, particularly Sydney and Melbourne, saw spectacular rises in housing values in what was regarded…

Top property lecturer reveals his best lessons

Source: Smart Property Investments This property lecturer of over 10 years shares four constants every property investor should be aware of when building their portfolio. Peter Koulizos, lecturer at the University of South Australia and chairman of the Property Investment Professionals of Australia, who has been lecturing on property for over a decade, has identified three elements…

10 Things You MUST Consider Before Investing in Property

So you’re thinking of investing in property? Congratulations! Doing your research is the first step, so in a sense, your journey has already begun. Property investment is a great wealth creation strategy that works on several levels. It can help you to minimise the tax you pay, provide you with additional income and help you…

Equity and Investment Property: How they can work together.

    For many of us, home ownership is a proud achievement. But not everyone is aware that it can also be the first step to building a sustainable, long-term wealth plan. If you are a property owner and have been making payments on your loan over a period of time, then you may find…