Consumers are being encouraged by a lower interest rate environment to invest in the property market, a national survey has found. The Priority Lending poll which asked “Are you planning to invest in property over the next 12 months?’ found 88 per cent of respondents were looking to buy real estate. Fifty one per cent…
The Reserve Bank of Australia (RBA) has taken out an insurance policy against a potential global economic disaster by slashing official interest rates for a second successive month, says leading mortgage brokerPriority Lending. Priority Lending Corporate Spokesman Paul Smith said the RBA lowering its cash rate from 3.75 per cent to 3.50 per cent highlighted its…
The Reserve Bank of Australia (RBA) is likely to return to the sidelines and leave official interest rates on hold this month, according to a survey by leading mortgage broker Priority Lending Priority Lending Corporate Spokesman Paul Smith said a survey of the company’s mortgage brokers found 55 per cent expect the RBA to keep…
Take up of the federal government’s $1.2 billion First Home Saver Account (FHSA) has soared with a 72 per cent increase over a 12 month period, according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the latest figures from the Australian Prudential Regulation Authority (APRA) showed that as of March,…
Generous first home buyer and stamp duty concessions in four states and territories are due to wind up at the end of the current financial year, according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said four schemes end on June 30 and two will finish on July 1 in a…
The consumer response to the latest interest rate cut by the Reserve Bank of Australia (RBA) has been modest and further stimulus is needed, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the RBA lowering its cash rate on May 1 by a half percentage point to 3.75 per cent…
Leading independently owned retail mortgage broker Priority Lending is launching a year long national television campaign this weekend with brokers as the stars. Australia’s largest independently owned retail mortgage broker will feature two television commercials as well as a series of market updates to run during news segments. Priority Lending Executive Chairman Sam White said…
Do you feel that you may never pay off your current home loan? We have five quick tips on reducing the size of your mortgage. The faster you can pay it off the sooner you will have more funds available to improve your lifestyle or save for that well-earned retirement. Offset Account: If you keep your…
The first quarter of 2012 has seen a welcome improvement in the number of home loan approvals nationwide with the recent reduction in interest rates set to further boost the sector, says leading mortgage broker Priority Lending. Priority Lending corporate spokesperson Paul Smith said the latest Australian Bureau of Statistics (ABS) figures for March, 2012,…
Leading independently owned retail mortgage broker Priority Lending is launching a national campaign this weekend aimed at bolstering the company’s independent advantage for consumers looking for a home loan. Priority Lending Corporate Spokesperson Paul Smith said going to a mortgage broker is almost always better than just relying on a bank for a home loan.…