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Why aren’t Australian unit prices rising in line with house values?

The gap between house and unit prices in Australia continues to widen, despite the affordability advantage offered by units, according to new figures released by property data firm Cotality. Over the past five years, house values in capital cities have increased at nearly two and a half times the rate of unit values, pushing the premium for a house to a record 32.4% in September. In Sydney, the gap between the median house and unit value has reached 76%. read more

Fixed vs Variable. There is a lot more to your home loan than fees and rates

Variable Rate read more

Lender of the Month Auswide.

Tasmanian-based lender MyState Bank and Queensland-headquartered Auswide Bank recently announced a merger, which came into effect from 19 February. The merged entity offer the great niches both lenders had become well regarded for including - Construction for owner occupied housing 95% LVR, fixed rate on Construction, Servicing based on fixed rate when taken, Multiple Offsets (10), 4 Units on 1 Title, Self employed-One year financials + 2 BAS. Under the old My State brand but still available are - 100% LVR option for owner occupied housing, 95% LVR INV Inclusive of LMI, No probation, minimum 3 months employment, Common Debt Reducer Available, Genuine Savings Policy (Rental Ledger), Acceptable up to 40ha security land size, Fully assessed Pre-Approvals. read more