McAllister Financial | Finance

McAllister Financial

Phone: +61 412 678 315

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20.01.2022 https://m.facebook.com/groups/452869442114693

19.01.2022 https://www.facebook.com//First/permalink/566255014109468/

08.01.2022 Good article in Domain from Richard Holden, Professor of Economics, UNSW. He makes some valid points around the effect low interest rates are having on borrowing power, property prices and the wider economy more generally saying, "Even though the major banks have only passed on about half of the Reserve Bank’s latest cut (owner-occupied mortgage rates have been cut by 13-15 basis points), it gives a household with income of $150,000 about another $12,000 to $14,000 i...n borrowing power." (Source Domain) In the past low interest rates have often resulted in higher property prices, with Melbourne and Sydney already suffering from a lack of supply it will be interesting to see what effect the latest rate cut has. In the past few months Melbourne and Sydney property markets have been strong, but it's important to note house prices are still down close to 10% in some areas since the peak in late 2017. Please don't fall victim to FOMO and rush any property purchase, for those still saving I'm sure there will be plenty of good buying opportunities into 2020. If you have any questions or would like to discuss getting into your first home, please comment, send me a PM or reach out as below. Tate McAllister - Mortgage Broker 0412 678 315 [email protected] https://www.google.com//house-prices-will-rise-with-l/amp/

05.01.2022 https://www.facebook.com//First/permalink/548344605900509/