Property Investment Is A long Term Game
Will changes in lending like Ratesetter help reduce the problems of affordable housing or put more buyers in the market and make things worse?
Private equity firm Five V Capital has led a $10. 5 million capital raising for peer-to-peer lender RateSetter Australia. Five V Capital has joined RateSetter‘s existing shareholders and additional p
Home loan arrears are at the highest levels for five years http://snip.ly/mky1h
The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.
Home loans in default were lower for June? Is it mixed signals from the mortgage market?
Investment property risks can be more than adequately managed. So why do so many people forget to manage investment property risks? A little bit of insurance, a long term lease to a good tenant and Bob’s your uncle.
Opinion: Our perverse fascination with property – Mortgage Business
The bottom line is this: going into debt carries risks. Period.
Whether you’re racking up debt on a credit card or borrowing to buy a two-bedroom unit in Sydney, there are risks involved. What if you lose your job? What if the price of your property falls? What if you get sick and can’t service the mortgage? What if?
It’s too late to start asking these questions once you’ve taken out a loan. But there are things you can do to alleviate your fears, like taking out mortgage protection insurance and getting advice from someone who isn’t holding the title deeds. Via mortgagebusiness.com.au
The OECD Economic Survey is comprehensive and available for download at the end of this article. The summary slides are here.
A Tasmanian bank has refunded over $230,000 in overcharged interest and fees to more than 1,040 customers with mortgage offset accounts.
A customer of MyState Bank Limited (MyState) reportedly contacted the bank to enquire about their offset accounts being linked to their mortgage.
After conducting a review into why the accounts were not linked, MyState found several customers had loans with unlinked offset accounts, while others had offset accounts but no loans, and some had offset accounts together with ineligible loan products.
This therefore meant that they were overcharged interest.