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Lots of Noise but Very Little Clarity
Who wouldn’t want house price to go down? – I’ll tell you who – that would be EVERY person who owns a house.
One side of politics at the moment sets the country against itself – the politics supposedly of the “haves” and the “have-nots”. What a sad way to view life and aspiration.
Two Significant Threats
Two Significant Threats to YOU Personally
Number 1. Identity theft and fraud are now prevalent in ways not seen before.
Someone uses your name and date of birth and drivers licence / passport details to fraudulently obtain a $20k personal loan or credit card from an unwitting lender
Interest Rate Update
A Tale of Three Cities
The hottest topic in real estate at the moment is whether or not there is a so called “property bubble”.
The best way to define a bubble is when property price rises more rapidly than the long term trend line.
The long term trend line reflects “normal” growth. This long term growth reflects underlying factors such as supply and demand and economy wide inflation.
Very Big News!
The Sydney property market has plateaued – with prices for both houses and units off the boil since June 2017 as the peak (Domain March Quarter House Report – Apr 26th).
APRA played a large part in this Sydney slow down by applying investor restrictions to the entire country (that was unfair, in my opinion). To APRA’s credit they have now (announced 9:02 am Apr 26th) removed these restrictions.
The Goose that Laid the Golden Egg…
APRA’s enthusiasm to kill off investor lending has worked, possibly a little too well. The Golden Goose of investor lending, rather than slowing down to a waddle (10% year on year growth), has something closer to a terminal illness. (The Adviser 28 Feb 2018)*
Merry Christmas
I remember as a child how much fun Mum and Dad put into Christmas. There was not huge money to spend in a family of 5 children. The Christmas Tree was a branch cut from a fruit tree and coloured white by us with shoecleaner, decorations were made by hand. Santa’s sack...
Backyard Cricket: The Reserve Bank pads up to re-enter the game…and the dollar rises.
So it seems the Reserve Bank hasn’t quite pulled up stumps yet. Widely published in yesterday’s media, a comment from The Reserve Bank minutes has been blown out of proportion.With the current cash rate at 1.5%, The Reserve Bank is quoted as saying that a cash rate of 3.5% is the “new Neutral”.
What’s Next in this Game of Backyard Cricket
I can remember (as many of us will) what good fun a game of backyard cricket could be. The type where the ‘rules’ are less like rules and more to do with whether Mum is looking to see how close you are to the veggie patch… Rules which seem to accumulate, bend, or be conveniently forgotten depending on who’s batting…
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