Search Results for: Sally Tindall
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OPINION
Knowing your numbers could help you make more sales: Sally Tindall
Over the past year it’s become harder to borrow money, especially for investors. Yet many buyers continue to limit their finance options. Even though there are more than 100 mortgage lenders in Australia, three-quarters of borrowers use the big four banks. So your buyers could be narrowing their options if they’re restricting themselves to just ANZ, Commonwealth Bank, NAB and…
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OPINION
How self-driving cars will affect property values: Sally Tindall
The robots are coming. And believe it or not, they might affect the price of the properties you sell. The robots I’m talking about in this instance are autonomous vehicles, also known as self-driving cars. They already exist, and will one day become mainstream. Nobody can say for certain when that will happen, but some believe it could be within…
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Elite Agent
How the Reserve Bank can help you reach out to clients: Sally Tindall
I’ve got an idea that will not only give you a credible reason to contact your database, but also boost your reputation as an informed market leader. Interest rates. The last time the Reserve Bank raised interest rates was back in November 2010. Since then, there have been 12 cuts. Sooner or later, there will have to be a hike…
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Elite Agent
Home loans dive under 2 per cent, with all eyes on the big four
Sally Tindall, research director at RateCity.com.au, said all eyes were now on the big four banks, which hold around three quarters of home loans in Australia."A rate cut has the potential to put $33 per month back in the hands of the average mortgage holder, that's almost $400 per year,"…
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INDUSTRY NEWS
Rate cuts could begin from 2024, Westpac says
The Reserve Bank of Australia is expected to issue seven rate cuts between 2024 and 2025, according to a new forecast from Westpac, but not before the cash rate reaches a high of 4.1 per cent.
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INDUSTRY NEWS
Most economists are tipping a rate rise in February, but how much further will the RBA go?
Most economists are tipping a 25 basis point increase to the official cash rate after the Reserve Bank of Australia meets for the first time in 2023.
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INDUSTRY NEWS
Refinancing burst takes off as rates rise
More Australians are refinancing their home loans at greater rates and for larger amounts on the back of rising interest rates, new data shows.
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INDUSTRY NEWS
Big Four banks quick to pass on interest rate rise
Well, that didn’t take long. Just a few hours after the Reserve Bank lifted the cash rate 25 basis points to 3.10 per cent at its final meeting for 2022, all four big banks announced they would pass the hike on in full.
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INDUSTRY NEWS
RBA rate hikes kick in for variable borrowers
Borrowers with a CBA, NAB and ANZ variable home loan have had a 0.25 per cent interest rate rise, with the banks passing on the RBA's November rate hike.
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INDUSTRY NEWS
Rate hikes slash home buyer’s budgets $214,000
The average family's borrowing capacity has shrunk by $214,600 as a result of seven months of interest rate rises.
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INDUSTRY NEWS
Major banks tip cash rate will peak at 3.85%
Today's 0.25 per cent increase to the cash rate is less than two of the big banks predicted, with both the NAB and Westpac tipping it would rise 0.5 per cent on Melbourne Cup day.
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INDUSTRY NEWS
Rising interest rates lead to a surge in refinancing
Homeowners are refinancing their mortgages at record levels as the impact of rising interest rates start to take hold.
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NEWS
Major banks to pass on full RBA rate hikes
Australia’s big four banks have been quick to pass on the Reserve Bank of Australia’s 25 basis point rate hike in full to their variable mortgage customers.
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INDUSTRY NEWS
Big banks tip cash rate to hit 3 per cent
On the back of the latest Reserve Bank of Australia (RBA) cash rate hike, Australia’s major banks are now expecting more pain ahead for borrowers, with another hike of between 0.25 and 0.5 per cent predicted next month.
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INDUSTRY NEWS
Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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INDUSTRY NEWS
Risky lending falls as tough APRA rules kick in
The value of risky mortgages continues to fall after tough new rules from the Australian Prudential Regulation Authority (APRA) start to take hold.
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INDUSTRY NEWS
CBA cuts variable rates again for new customers
The big banks continue to cut their variable rates for new customers, in a bid to win more business.
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INDUSTRY NEWS
Big banks pass on the full 0.5 per cent rate hike
Three of the big four banks have passed on the Reserve Bank of Australia's full August interest rate rise of 0.5 per cent.
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NEWS
New home loan values fall as interest rates rise
Rising interest rates are seeing homebuyers less willing to borrow, while at the same time house hunters are seeing their borrowing capacity slashed.
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INDUSTRY NEWS
ANZ cuts new customer variable rates by up to 0.50 per cent
Despite the Reserve Bank of Australia hiking the official cash rate and fixed rate loans rising, ANZ has come out and cut new customer variable rates by up to 0.50 per cent.
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INDUSTRY NEWS
RBA a “near certainty” to raise rates next week
Australia’s hottest rate of inflation in 21 years means the Reserve Bank of Australia is a “near certainty” to hike the official cash rate 0.5 per cent on Tuesday, according to experts.
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INDUSTRY NEWS
Westpac and NAB predict two more 50bps rate hikes
Borrowers should brace themselves for “more rate pain”, as Westpac and NAB follow ANZ predicting the Reserve Bank of Australia will lift the official cash rate higher and faster than previously expected.
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NEWS
ANZ says cash rate will hit 3 per cent this year
One of Australia’s biggest banks has dramatically revised its interest rate forecast, predicting the Reserve Bank of Australia will lift the cash rate above 3 per cent this year.
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INDUSTRY NEWS
NAB, CBA and ANZ all lift variable home loan and savings rates
The NAB, CBA and ANZ have all passed on the full interest rate hike to variable rate mortgage customers following the Reserve Bank of Australia lifting the cash rate 50 basis points last week.
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INDUSTRY NEWS
ANZ and Westpac lift fixed rates again
ANZ and Westpac have again hiked the interest rate on their fixed rate loan products.
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INDUSTRY NEWS
Rate hikes to impact borrow capacity
Rising interest rates could see average home buyers’ borrowing capacity fall by more than $150,000, according to new research.
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INDUSTRY NEWS
Homeowners should expect more rate rises
Homeowners should be prepared for a series of rate hikes with experts tipping the official cash rate could rise to 2.6 per cent.
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INDUSTRY NEWS
Three of the big four banks predict a May rate hike
The big four banks continue to bring forward their cash rate rise predictions, with three of the majors now forecasting the official cash rate (OCR) will increase next week, with more hikes “imminent”.
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INDUSTRY NEWS
Big 4 banks tip interest rates to rise in June
The big four banks have revised their cash rate forecasts, tipping the next tightening cycle to start as early as June.
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INDUSTRY NEWS
NAB cuts its variable home loan interest rate
Tight competition between the big four banks has seen NAB cut its variable home loan interest rate by 0.1 per cent to 2.19 per cent, although the change is only for new owner-occupiers.
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INDUSTRY NEWS
ANZ scraps its most popular home loan
ANZ will scrap its most popular Breakfree package in a move that will impact 350,000 existing customers.
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INDUSTRY NEWS
ANZ increases fixed rate home loans up to 0.4 per cent
ANZ has joined it’s big four counterparts in raising fixed rates this year, announcing a hike of up to 0.4 per cent for owner-occupiers and investors.
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INDUSTRY NEWS
CBA lifts fixed home loans 0.2 per cent
The Commonwealth Bank has increased interest rates on its fixed home loans by as much as 0.20 per cent.
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INDUSTRY NEWS
More than 1 million households have never had an RBA rate rise
After more than a decade of easy monetary policy from the RBA, new data shows that over 1.1 million households in Australia have never experienced an interest rate rise.
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INDUSTRY NEWS
Another lender weighs into the variable rate battle
Lenders might be raising their fixed interest rates, but variable rates continue to be slashed, with ANZ becoming the latest bank to cut its basic variable home loan.
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