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Home Interest rates: The Good news, the bad news and the good news from the RBA

Why interest rates at these levels are good news The RBA had a lot to say at its board meeting that needs to be digested. It contains the reasons for its decision, and the good news and bad news on interest rates. At the end of the day, interest rates at normal rates, as they [...]

Home Construction turnaround. Here’s the solution

Australian Bureau of Statistics [ABS] show that the number of new dwelling being constructed fell by 5.3 per cent in the fourth quarter, 4 times worse than economists were expecting. Single dwelling new homes were hit hardest. So it was felt as lower construction loans with mortgage brokers and banks everywhere. But that does not explain the reason for the new home construction slide.
That was after a fall of 13 per cent in home construction of all types in the September quarter. Victoria and South Australia recorded the most significant falls, but Queensland is hurting more right now.

First Home Buyers: New first home saver account [FHSA's] rules

FHSAs were a great idea, but were viewed as complex, inflexible and take too long, so most first home buyers did not take up the offer.
Well now the offer has been upgraded, and hopefully more first time home buyers will take them up.
FHSAs have attractions that are usually overlooked when people are looking for a savings vehicle.

HomeMate. Your Home Your way!

HomeMate is our answer to the fading Australian Dream. Rick says he can save his clients time, money and hassles when deciding on planning and building a home in South East Queensland  and as far south as Northern New South Wales. Rick says he can deliver one off homes at project home prices and believes that [...]

Mortgage interest rate cuts and first home owners grant increases build home sales

The sale of new homes rose strongly in October, the same month as Government assistance to first time owners was tripled and interest rates cut further, a survey shows. Yet despite the first monthly sales increase in four months for new homes, the housing industry says a recovery in the sector is still some way [...]