Monthly Archives: October 2012

Don’t cut negative gearing, urges expert

In an article from Australian Broker Online, it states that a property investment expert is urging the government not to cut negative gearing, after welfare group ACOSS asked for it to be cut. ACOSS told journalists it was advising the government to consider the cuts to tackle rising homelessness. Paul Bieg, director of Big Property […]

Big banks deliver small rate cuts

In an article from The Adviser it was reported that one week after the Reserve Bank announced a 25 basis point cut to the cash rate the majors have so far fallen short of Australia’s smaller lenders. Three of the four major banks dropped their standard variable rates between 18 and 20 basis points, while […]

Long term investment the best strategy

Investors who are keen to take a long-term approach to their investment strategies will be the big winners in the end, a new report has claimed. According to a recent house price report by Australian Property Monitors, median property prices in June quarter have dropped year-on year for most capital cities, which is boosting gross […]

More borrowers turn to non-bank loans

  The number of people taking out home loans with non-bank lenders is creeping up, a trend the government says shows banking competition is increasing, was stated in an article from Sydney Morning Herald recently. Federal Treasurer Wayne Swan has promoted non-bank lenders as a “fifth pillar” of the financial system since the big four […]