Blogs

Blogs on northlakes.com.au

At northlakes.com.au we aim to bring you an array of useful information, not only on all things North Lakes but on life in general.

So with that goal in mind we have acquired some accomplished writers to provide an interesting read. Enjoy!

The Weekly Top 5

by Peter Sorgel from Resi Home Loans North Lakes | Apr 14, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

In the week gone by, commentary in the finance and property industries was all a flurry. Conversation circled back around to interest rates once more after the Reserve Bank of Australia (RBA) announced its decision to keep the official cash rate stable for another month, while other topics included to lending, growth in the rental market and housing affordability. Here is a break down of what has been said.

#1. As mentioned, the RBA has kept the housing industry on edge for the second month in a row, maintaining the official cash rate at 2.25 per cent and fuelling more speculation about when they'll make another cut. Governor Glenn Stevens once again hinted that a trim might ...

The Weekly Top 5

by Peter Sorgel | Mar 31, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

#1. In great news for the property market, first home buyer confidence has soared in March, according to the newest edition of Genworth's Streets Ahead report. It found that confidence among first time purchasers increased to a record high over the month, with 66 per cent believing that now is a good time to buy a home.

"Our research suggests that the first home buyer segment appears to be more concerned about gaining access to the property market than their ability to service a mortgage," said Genworth's Chief Commercial Officer Bridget Sakr.

#2. At the same time, CoreLogic RP Data has found that Australians are holding onto their homes for a bit longer due to rising house ...

The Weekly Top 5

by Peter Sorgel | Mar 24, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

#1. The Reserve Bank of Australia made few waves when it kept the cash rate steady at its board meeting earlier this month, but the minutes released on Tuesday give further context behind the decision - and point to a possible cut on the horizon. 

"In considering whether or not to reduce the cash rate further at this meeting, members saw benefit in allowing some time for the structure of interest rates and the economy to adjust to the earlier change," RBA Governor Glenn Stevens said. 

#2. In what should be reassuring news to landlords across most of the country, SQM Research has revealed that residential vacancy rates took a dive in February. The figure dropped from 2.3 ...

The Weekly Top 5

by Peter Sorgel | Mar 17, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

It's been a mixed bag this week in the property and finance worlds. Many industry bodies are still reeling from the release of the Treasury's 2015 Intergenerational Report, which raised some intriguing challenges for the construction industry over the next 40 years, while others responded to new housing finance and unemployment statistics. Here is a roundup of what happened this week gone by.

#1. The Treasury released its 2015 Intergenerational Report and it continues to have tongues wagging. With the number of Australians aged 65 and above expected to expand dramatically by 2055, the Property Council of Australia has come up with an innovative solution to help ease some of the pressure - the 'unlocking home equity ...

The Weekly Top 5

by Peter Sorgel | Mar 10, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

In what's turning out to be ongoing theme in the property and finance worlds, commentary shifted to the official cash rate once again this week. Some industry members were disappointed by the Reserve Bank's decision, while further discussion turned to what's coming in the months ahead for the property and lending markets. Here is a roundup of some of the top quotes from the week gone by.

#1. The Reserve Bank of Australia (RBA) stuck to its guns this week and decided against changing the official cash rate, leaving it untouched at 2.25 per cent for a further month. However, Governor Glenn Stevens hinted that a further rate cut could be on the cards in the months ...

The Weekly Top 5

by Peter Sorgel | Mar 03, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

The Australian construction industry has been the hot ticket of the week, while the end of the week also saw some controversy surrounding the government's plan to tighten its foreign investment policy framework. Here is a round up of conversations this week.

#1. Last week the HIA released its National Outlook for summer 2015, but this week has seen it expand on state specific figures. Victoria was the next state to receive the encouraging news, with HIA Executive Director for Victoria, Gil King, reporting that the government needs to support the construction sector by loosening its tax grip.

"New home building is a heavily taxed area of the economy, with this burden ultimately being borne by new ...

The Weekly Top 5

by Peter Sorgel | Feb 24, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

While it was a slower week on the property and finance front, much of the discussion circled around housing affordability and rising investment lending. Commentators are noting the risks of high levels of investment lending, but it's still not clear what the outcome of these concerns will be.

#1. Master Builders Australia voiced their support for Reserve Bank Governor Glenn Stevens, after he asserted that more needs to be done to ensure first home buyers are not forced out of the market. Wilhelm Harnisch​, CEO of Master Builders Australia, pointed out home ownership needs to be an achievable goal for first time buyers.

"The nation has an obligation to ensure that home ownership remains an achievable aspiration ...

The Weekly Top 5

by Peter Sorgel | Feb 17, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

It's been an eventful week across finance and housing sectors, with newly released housing finance and loan data creating quite a bit of discussion and debate amongst industry spectators. The cash rate is also likely to colour commentary for many weeks to come - and it looks like speculation is the name of the game. 

#1. The Australian Bureau of Statistics (ABS) released revised housing finance figures for December 2014, revealing that first home buyer activity isn't as strong as analysts would hope. Real Estate Institute of Australia CEO Amanda Lynch noted that despite a review of the method used to estimate first home buyer levels, the figures are still concerning. 

"While the revisions have increased the proportion ...

The Weekly Top 5

by Peter Sorgel | Feb 10, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

Much of the discussion this week surrounded the RBA's landmark decision to trim the cash rate by 25 basis points at their Tuesday board meeting. The changes have been largely welcomed by housing industry commentators around the country, with even more speculation about when further rate cuts will occur.

#1. RBA Governor Glenn Stevens pointed to slowing economic growth as a reason behind the bank's decision. He noted that while households will have felt some relief from plummeting oil and energy prices, this has been offset by a slowdown in trade which is reducing income growth and causing the unemployment rate to rise marginally over the past year.

"Overall, the Bank's assessment is that output growth will ...

The Weekly Top 5

by Peter Sorgel | Feb 03, 2015

Resi home loans give weekly real estate information and advice

Greetings from Peter Sorgel at Resi Home Loans North Lakes. Welcome to the Weekly Top 5.  

Here are my top 5 quotes from the property and finance sector within the last week to keep all of your property enthusiasts and investors informed:

In anticipation of the Reserve Bank of Australia (RBA) reconvening on February 3, industry commentators have been talking about whether there will be a change to the rate and which way it might go. While the RBA recommended a sustained period of interest rate stability at their last  meeting, changes since then have sparked many conversations about whether or not this is likely to remain the case.

#1. The Real Estate Institute of Australia (REIA) noted that the consumer price index returned results in the December quarter well below the RBA's target zone of 2-3 per cent inflation. In fact, Neville Sanders, president of the REIA, said that the annual rate of 1.7 per cent left plenty of room ...

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