Search Results for: Graham Cooke
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NEWS
Experts tip cash rate to rise before end of 2022
More monetary policy experts are tipping an interest rate rise before the end of the year, despite not expecting the Reserve Bank of Australia to lift the cash rate tomorrow. …
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INDUSTRY NEWS
More than half of economists predict a rate rise in 2022
A new survey has found that interest rates could be on the rise with 58 per cent of economists expecting the RBA to hike rates in 2022. …
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INDUSTRY NEWS
How Australia’s borders reopening will impact renters
Australian renters can expect to be hit with dramatic price rises as the nation’s borders reopen, according to experts. In this month’s Finder RBA Cash Rate Survey, 37 experts and economists weighed in on future cash rate moves and other issues relating to the economy, with 73 per cent predicting rental prices will rise sharply as Australia opens its international borders. …
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INDUSTRY NEWS
Sydney house prices to reach new heights in 2022
House prices are expected to surge as domestic borders open and international travel resumes, according to experts surveyed by financial comparison site, Finder. …
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INDUSTRY NEWS
Just 35 per cent of Aussies would buy property in the current market
Almost two thirds of Australians believe now isn’t the right time to buy property, according to new research by financial comparison site, Finder. …
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INDUSTRY NEWS
Sydney homebuyers might have to find another $76,600 in the next 12 months
Experts in Finder's RBA Cash Rate Survey have estimated property prices are set to rise an additional 8 per cent by July 2022. …
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INDUSTRY NEWS
Vast majority of experts say vaccine passports are an economic necessity
Vaccine passports will be an essential tool for economic recovery, according to experts in a new poll from Finder. …
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INDUSTRY NEWS
More than half of experts say lockdowns will slow property price growth
Strict lockdowns are one of the few things that can slow down Australia’s recent surging property price growth, according to experts. …
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NEWS
Sydney lockdowns could cause another Australian recession
68 per cent of Finder's surveyed experts believe Sydney's extended lockdown could be a catalyst for another recession in Australia. …
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INDUSTRY NEWS
Australians’ savings drop as more struggle to pay rent
Australians’ saving levels have fallen to their lowest level since March 2020, according to new research by Finder. Finder’s Consumer Sentiment Tracker (CST) survey revealed more Australians are struggling to pay rent as Sydney’s lockdown lingers, with cash savings seeing a sharp decline. Each quarter, Finder analyses its most recent data to uncover the trends underpinning the financial, mental and physical health of Australian households. …
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INDUSTRY NEWS
Interest rates predicted to hold but will property prices peak this year?
The non-stop rise in house prices may hit an apex this year, according to the latest expert housing predictions from Finder. …
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NEWS
Sydney property values tipped to rise by more than 20 per cent
House prices in Sydney are forecast to rise by an unprecedented 21 per cent in 2021, with a range of economists and industry experts also tipping the cash rate will remain on hold when the Reserve Bank Board meets on June 1. …
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NEWS
Property positivity hits one-year low despite rising house values
House values are continuing to climb throughout the country but fewer than half of Australians believe now is a good time to buy property. …
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NEWS
Record numbers of Aussies say now is a good time to buy
Optimistic home buying sentiment has reached a pre-pandemic high in Australia according to new research from Finder. …
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Elite Agent
Housing affordability sentiment at an all-time high
Experts have never felt better about housing affordability around the country, with signs that first home buyers may finally get a foothold into real estate. …
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Elite Agent
89 per cent of property experts want land tax not stamp duty
Finder's RBA cash rate survey: 89% of experts support axing stamp duty nationally News highlights: Majority of respondents in favour of national land tax rollout Brisbane ranked as best capital city to buy property All experts surveyed (40/40) predict a cash rate hold for December 30 November 2020, Sydney, Australia -… …
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NEWS
Cash rate cut to new historic low
The Reserve Bank of Australia have cut the cash rate by 15 basis points to a new historic low of 0.10%. …
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Elite Agent
RBA to make second rate cut, say experts
This Tuesday is Melbourne Cup day, but the real punters will be watching the Reserve Bank of Australia that afternoon, as experts tip that the RBA board will announce a second rate cut for 2020, at the final meeting of the year. In the Finder RBA Cash Rate Survey, 29 of the 43 experts and economists predicted a rate cut announcement next week. …
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Elite Agent
Mortgage approvals hit pre-COVID levels months ago
New ABS housing finance data shows that mortgage approvals across the country hit pre-pandemic levels in July. …
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Elite Agent
Gen Z wants split-rate mortgages, Boomers want fixed rates
The generational gap is evident in new research by Finder, which shows a new level of employment uncertainty is influencing how younger generations would prefer to structure their home loans. Out of 1000 Australians surveyed on how they would structure their mortgage if they were to refinance, 20 per cent would choose a split mortgage, dividing their loan into fixed and variable portions. …
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NEWS
Experts positive about housing affordability
Experts have never felt better about housing affordability around the country, according to a survey conducted by comparison site Finder.In this month’s Finder RBA Cash Rate Survey, 40 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy.While all experts and economists surveyed correctly predicted the cash rate to hold at 0.25 per cent (40/40), …
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NEWS
Melbourne property price recovery could take a while
This month’s Finder RBA Cash Rate Survey dealt a blow to Melbourne’s property owners, with the majority of experts surveyed expecting housing prices to continue to drop until at least April 2021, with a third predicting we won’t see recovery until 2022 or beyond. “Both Melbourne and Sydney experienced double-digit growth throughout most of 2019,” explains Graham Cooke, insights manager at Finder. …
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Elite Agent
Record number of home loans refinanced in May
Both the total number and total value of refinanced home loans hit a new high in May. Finder analysis of recent ABS data reveals 33,712 Aussies refinanced their home loan in May, to the tune of $15.1 billion. These figures were up $12 billion from April – the previous record. Almost two third (64 per cent) of May’s refinanced loans involved a switch in lenders, …
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Elite Agent
Capital city apartment values to be hit the hardest, experts predict
The latest Finder RBA Cash Rate Survey is out, and it’s not the best news for apartment owners. 43 experts and economists were asked to predict various aspects of the housing markets, including the projected values of apartments and houses in the eight capital cities. They predict price drops of between 7-8% price drops by the end of September for Sydney and Melbourne apartments, …
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NEWS
Two-thirds of experts predict end of stamp duty by 2021
The majority of experts agree that stamp duty could soon be on its way out as the government grapples with the post-COVID economy, according to comparison site Finder. In this month’s Finder RBA Cash Rate Survey, 43 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy. While all 43 experts surveyed expect a cash rate hold in June, …
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NEWS
Finder survey says…cash rate hold and international borders to remain closed
The cash rate is anticipated to remain on hold and Australia is projected to lose $25 billion in foreign spending, according to a recent survey by Finder. In this month’s Finder RBA Cash Rate Survey – the largest of its kind in Australia – 42 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy.The vast majority of experts (87 per cent, …
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NEWS
The RBA Leaves the Cash Rate on Hold at 0.25 per cent
At its monthly meeting today, the RBA has decided to leave the cash rate on hold at 0.25 per cent. The move that was widely tipped by analysts will see the cash rate remain at historic lows for the foreseeable future. In mid-March, the RBA held its first emergency meeting since 1997 to slash the cash rate to current levels before the unprecedented social distancing measures ground the nation’s economy to a halt. …
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NEWS
Coronavirus fallout prompts RBA to slash rates
The RBA has officially cut interest rates to their lowest level on record in the fight against the economic fallout from the coronavirus. In an emergency meeting yesterday, the RBA reduced the official cash rate to 0.25 per cent down from 0.5 per cent. The RBA has only recently cut the cash rate from 0.75 per cent at its monthly meeting at the start of March. …
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NEWS
RBA Survey: Coronavirus economic impacts just beginning
Experts fear the Reserve Bank of Australia (RBA) will need to take action in the wake of the COVID-19 (coronavirus), according to Finder. In this month’s Finder RBA Cash Rate Survey™, 39 experts and economists weighed in on future cash rate moves and the state of the Australian economy. Graham Cooke, insights manager at Finder, said 20 of those surveyed specifically called out the threat the virus poses. …
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NEWS
730,000 interest-only mortgages a ticking time bomb
Hundreds of thousands of borrowers on interest-only loans will be hit with higher repayments this year according to new research by comparison site Finder. A Finder analysis of Australian Prudential Regulation Authority (APRA) data revealed that 730,000 interest-only (IO) home loans will convert to principal and interest repayments in 2020. Of all the home loans granted in 2015-2016, a worrying 39 per cent ($295 billion) were interest-only (IO). …
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NEWS
The RBA leaves rates on hold at 0.75% at December meeting
The Reserve Bank of Australia has left the official cash rate on hold at 0.75 per cent in the final meeting of the year. Headed into today’s announcement, there was only a five per cent chance of a cut to the cash rate. We’ve already seen three 25 basis point cuts this year, however, there is still the expectation that we’ll see the next cut come in the February 2020 meeting. …
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INDUSTRY NEWS
June 2018: Interest rates on hold, Industry reaction
At its meeting yesterday (5th June 2018), the RBA Board decided to leave the cash rate unchanged at 1.50 per cent for its 20th consecutive meeting. REA GROUP “The economy still isn’t growing fast enough to warrant an increase,” says REA Group Chief Economist Nerida Conisbee. “The issue is consumer confidence. While businesses are feeling far more confident, this is yet to flow through to consumers.” “Business growth is occurring however it is taking far longer for them to pass on wage rises to their employees. …
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