Low interest rates | Wollongong, Sydney, Illawarra
I don’t know about you but I’m not ready to let summer go just yet. During summer my partner and I bought our first home and as much as we love that it’s in need of some help in the interior decorating department there’s one aspect of our new home … Read More
Property prices in general, have flattened recently. However, there are many areas across Australia that have consistently defied the downturn and have grown strongly year after year over the past 20 years. We examine these top performers to see what’s behind and whether there’s further growth ahead. Property advisors often … Read More
Very few people these days own their home for life. The chances are that once you start a family you’ll eventually need to move to a bigger property and, conversely, once the kids fly the nest you may well want to move into a smaller property. As life would have … Read More
Locating areas that would suit your property investment strategy has just become easier with this list of top suburbs to explore in the year ahead. Everyone is in a different circumstance and at a unique point in their investing career. Everyone has their preferred investment strategy. Some investors want positive … Read More
Mining towns present some of the most attractive opportunities for property investors at the moment. It would be fair to say that never before in the history of property investment in Australia have we (ordinary investors) been presented with such an opportunity, such a golden goose as the mining/resource boom … Read More
You’re at that point in life where you want to get the bank off your back and plan for a time where you can work less and live more. Reducing your home loan as quickly as possible means you will own your major asset sooner and be able to use … Read More
Despite Sydney’s robust markets over recent months, affordability remains an issue. In many ways Sydney has been solid on all fronts. Demand is recovering, prices were inching up towards the end of last year and the economy remains sound. This doesn’t mean something isn’t missing. The last piece of this … Read More
Realising the dream of owning your first home can be an overwhelming task, and raising a deposit can be the toughest step of all. Whether you are saving for that first home, or facing the challenge of escaping your mortgage for that matter, it is no easy task to stay … Read More
With the major banks raising interest rates while they already have home loan rates well above non-bank lenders there has been much talk in the media about where the best deals are. Over the past few days we have been featured on several news programs and in popular newspapers. This … Read More
After the RBA Rate Announcement on Tuesday where they decided to keep rates on hold, Channel 9 News featured a story on the high interest rates of the Big Banks and where to find the best home loan deals. Illawarra Home Loans was interviewed and featured for this story with … Read More
It was looking like a sure bet that the RBA would take cut the official interest rate for the third time in a row. But, in a decision that will surprise many they have decided to keep the official rate at 4.75%. It looks as though signs of the US … Read More
Approval of the Olympic Dam mine expansion breathes new life into a stalling market The recent announcement that the Olympic Dam expansion is finally moving ahead gave the South Australian property markets a much needed boost in confidence amid a weakening market. During the three months ending September, median house … Read More
As first home buyers return to the Perth property market, hopes are high that capital growth will pick up in 2012. The Perth property market has been showing renewed signs of life during the spring selling season, with first home buyers leading the charge. Sales activity has been slow in … Read More
The Melbourne property market continues to weaken but there are signs that the fall is slowing. Melbourne property prices deteriorated further as the market realigned itself after massive growth over 2010. The data from Residex showed the median house price fell 2.35% over the September quarter, which is in line … Read More
The recent drop in values is making Brisbane properties attractive once again. The weakness in Brisbane’s median house values extended in the September quarter with Residex recording a 0.64% drop to $438,500. Over the past 12 months, median house values fell by 4.05%. The latest reading from RP Data confirms … Read More
After staging solid gains over the past few months, Sydney sees a reversal of its good fortune. Sydney’s been one of the most robust markets in Australia over recent months – but it looks like it’s finally yielding to the weight of poor sentiment and global economic uncertainties. According to … Read More
Sometimes life throws you a curve ball and you have to reassess your home ownership dreams to fit. In this article we explore some of the issues to bear in mind when some of the more common life-changing scenarios come your way and how you can refinance your mortgage to … Read More
Everyone wants to know the secret to paying off your mortgage and being debt free sooner but if you are serious about getting ahead financially there are 5 simple mortgage rules to live by which can mean the difference between spending the next 30 years paying the bank or, cutting … Read More
Bricks and mortar have taken a knocking in recent months, but it’s still one of the most robust investment classes, especially in the long term. Here’s why. 1. It’s safe (as houses) There’s a reason why ‘safe as houses’ is a well-known phrase: it’s true. According to research by AMP, … Read More
Where to buy to supercharge your portfolio Conventional investment wisdom has taught property investors to stick to the capital cities of Australia. After all, 70% of the country’s population lives in these urban centres, and they’ve historically provided solid, long-term growth (and there’s no reason why they shouldn’t in the … Read More
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