Westpac Bank will increase variable interest rates for both residential owner occupied and investment loans, despite the RBA keeping the cash rate on hold for the past two years at 1.5%. The bank blames an increase in wholesale funding costs squeezing margins for the out-of-cycle hike.
A new baby completely changes your life. Are you also prepared for how a new baby might affect your chances of buying a home? Here are some things to consider before you submit your application.
It’s important to look after the tenants in your investment property – it encourages them to stay long term and take care of your property. So how can you keep your tenants happy? By treating your property like a business and your tenants like valued customers.
As a result of the “slow down” in investment lending combined with significant losses in market share, major and non-major banks and lenders who imposed heavy restrictions on investment lending are now again open for investment business.