by admin | Jun 2, 2021 | Ask Alan News
Amidst surging interest in property, there are record enquiries for loans. The Reserve Bank reiterates again that it will not be raising the cash rate until unemployment has a 4.x% on it and inflation has a 2.x% on it. (The Australian Sat 8th May) The Government...
by admin | Mar 8, 2021 | Ask Alan News
Not long ago, regulators’ forced banks to cut back on investment loans. That period has passed, and this presents a new opportunity for investors. If you are 30 and buying for the first time, if you are 40 and shifting house, if you are 50 and know you need to invest...
by admin | Feb 3, 2021 | Ask Alan News
Banks and Commentators alike are saying this week; “The next move on rates is UP – You must lock in now!” What complete twaddle! (Commentators are back at work after the holidays and feel the need to say something to start the year, banks however, are...
by admin | Feb 3, 2021 | Ask Alan News
Last year when Covid hit there were predictions of gloom and doom for property – and they were well founded to an extent… BUT… Two things altered the course of events. The Government intervened with Jobkeeper to cushion the blow of Covid Lockdowns.The Reserve Bank...
by admin | Dec 10, 2020 | Ask Alan News
On January 1st new legislation for brokers comes into play – it is called Best Interest Duty. So, how do you actually find a broker who will act in your best interests? It is a sad comment on an industry of which I have been a part for 23 years, with multiple awards...
by admin | Nov 5, 2020 | Ask Alan News
As of Tuesday, the Reserve Bank Cash Rate is at 0.1%, The Reserve Bank also announced it will buy Australian Govt 3, 5 and 10 year bonds to keep them at their desired target of 0.1%. So, if banks can be profitable with an interest rate margin of 1.8%-2.2% – then...
