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This Week In Property

5 THINGS YOU NEED TO KNOW THIS WEEK - 13 FEBRUARY 2020

Your quick guide to all the key stories from the property industry this week.

  1. People are going nuts for second-hand houses in Sydney.  With more than double the number of auctions over the weekend, clearance rates still hit 80 per cent – even with the crazy rain.
  2. …and the banks sure do want that business.  The RBA has proven that “loyalty tax” exists – showing home loans that are four or more years old are paying interest rates 40 basis points higher than new loans.
  3. Digital Finance Analytics reckons nearly 15 per cent of people who have pre-approval for a loan can’t find anything to buy.  Clearly they’re not looking west of Bondi.
  4. Don’t bank on any more official rate cuts in the short term.  Futures markets are tipping the RBA won’t cut again until August at the earliest.
  5. Trying to figure out how to turbo-charge your saving plan toward a deposit?  If you have an old Datsun 240Z in the garage, the answer might be staring you in the face…

 

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