Good Morning All!
A hump day roundup and the big fella arrives this time next month!
I imagine many of you are in the same boat as me, crazy busy!
During the week the Mortgage Global 100 was announced, with my aggregator noted in this prestigious group. The list contains brokers, aggregators and brokerages from the US, the UK, Australia, Canada and NZ -à
The week in finance was mayhem!
With NSW looking to scrap stamp duty, which may be a double edged sword depending on what actually gets passed through parliament. Especially with a choice between pay up front or swallow prolonged land tax. Here is a great article --à.
NAB announced the closure of 600 branches during the week as part of a huge internal re-structure in a push to reduce their outgoings.
ANZ’s viziers upgraded its outlook for the housing market driven by owner occupiers and investors alike and predict 9% across the capital cities. Which could be a worry if this article by core logic is to be taken at face value, it might be hard to believe for some that it could get tougher to borrow money. --à
Victoria announcing a raft of stimulus measures for the building industry, which baffles me a little as I have several clients down there who purchased vacant land this year and tell me that they cant get a builder for two years!
Variable rates have remined steady, with a few more smaller players venturing into sub 2% territory. 1.89% being seemingly the best here on a 4year fixed rate. Making it very cheap money.
I hope this hump day treats you well and the rest of the week proves fruitful for all of you.
JC
Scenarios and interest rates quoted above are suggestions and constitute general advice only.
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