News
Mortgage arrears are lower than they have been in a decade according to the "RMBS Arrears Statistics: Australia" report. Fee charges and tighter capital controls are thought to be behind the decline in Chinese investment in Australian real estate. While the best time to buy in Sydney and Melbourne has passed, Brisbane appeals as a city that is offering good value. Despite 40,000 apartments currently under construction across east coast capital cities, undersupply is predicted beyond 2019. With increasing signs of recovery in the local economies, some areas of regional Queensland are offering some good opportunity for property investors. The NAB has joined other lenders in forecasting that the official cash rate to stay unchanged for longer. Townsville is an opportunity for property investors, because prices are down ahead of an impending growth phase. An Adelaide university study has blamed affordability problems on restrictive planning policies, echoing a recent RBA report. Why you need to irgnore median housing prices examples in the media Many borrowers have interest-only loans expiring in the next few years. Those who take action now will get the best transition outcomes.
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