‘RBA will cut again’, says economist

Interesting article regarding interest rates. Most lenders have just lifted rates outside any change in the RBA rates, most just investment rates. But this paves the way for the RBA to possibly cut rates and the lenders to just pass on the amount that we have just seen added. Many people are rushing to fix rates but I don't think we will see any RBA rate increases in the near future. If you are looking at your loan and wondering whether you can get a better rate or would just like pricing at your current lender please get in touch.

KeyInvest Lending Services

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RBA Rate Announcement Day If you have any home loan queries please feel free to contact me for a chat.

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Refinance your home loan and get up to $1,500 cash back (or 250,000 velocity frequent flyer points) depending on lender and eligibility. Current rates starting from: Owner Occupied Variable Rates from 3.69% (comparison rate 4.11%) Owner Occupied Fixed Rates from 3.64% (comparison rate 4.37%) Investment Variable Rates from 3.85% (comparison rate 4.05%) Investment Fixed Rates from 3.89% (comparison rate 4.48%)

Capital city dwelling approvals rebounding

Figures not that good for Perth! Perth – the number of annual dwellings approvals fell by -24.3% over the year to 20,963. Over the year, the 14,202 house approvals were -26.7% fewer than the previous year and the 6,761 unit approvals were -18.6% less than a year ago.

1/23 Cleaver Terrace Rivervale WA 6103 - Townhouse for Sale #120712761 - realestate.com.au

One of my clients is selling 4 town houses in Rivervale if you are looking for something to buy. http://www.realestate.com.au/property-townhouse-wa-rivervale-120712761?listingType=buy

Are you still renting? Rent up for review? A few stats below on how rents have changed. For the full report send me an email david.cosgrove@keyinvest.com.au Rental rates continue to fall across the combined capital cities •Weekly rents across the combined capital cities fell by -0.4% in June 2016 and are now -0.6% lower over the past year. •Half of the capital cities have seen rents rise over the past twelve months, including Sydney (0.4%), Melbourne (1.7%), Hobart (4.6%) and Canberra (1.9%). •Large rental falls in Perth (-8.6%) and Darwin (-16.2%) have pulled the combined capital average lower, with rents in Brisbane (-0.3%) and Adelaide (-0.4%) also lower over the year. •Currently, combined capital city rental rates are $487/week for houses and $469/week for units. •It is anticipated that the rental market weakness will persist and that on an annual basis rents will continue to fall over the coming months.

Ten things to check before buying a home

Some sound advice regarding a few things. Get in touch with me when it comes to number 3!

Win a 7 night holiday to beautiful Broome in WA!

Your chance to win a 7 night holiday in Broome. Entry is free and you can enter as many times as you like.

Getting rich from property investment seminars

Have you ever been to a property investment seminar or been tempted? A must watch video produced by Consumer Protection WA.

Largest annual falls in advertised weekly rents

Rents continue to fall across Australia. I know when I drive around I am seeing a lot of For Lease signs out the front of houses. Though with lower interest rates, the expense of holding an investment property is less. If you would like to know how much you can borrow to purchase property get in touch.

Almost half of Aussie home owners have never refinanced

Interesting that nearly 50% of people have never refinanced their home loan. No wonder the banks like loyal customers who are too lazy to refinance to a better deal. If you are one of these "lazy" people feel free to get in touch to see how much money you could be saving! If you don't it is like dropping $100 on the ground each month and not bothering to pick it up!