Michael Mata - Journalist at Your Mortgage Australia
Michael Mata is a content marketing specialist, editor and writer. He is a former journalist at Your Mortgage Australia.
Michael Mata - Journalist at Your Investment Property
Michael Mata is a content marketing specialist, editor and writer. He is a former journalist at Your Investment Property Magazine.
NutroCore Announces Launch of Delicious and Nutritious Cinnamon Turmeric Organic Coffee
NutroCore—a supplier of premium USDA Organic and non-GMO certified organically-grown coffee, tea, and other health food products—has recently launched its latest product: Cinnamon Turmeric Organic Coffee.
Aside from being delicious (it tastes like full-flavored coffee, not like turmeric water), this coffee is also infused with premium-grade cinnamon and turmeric powder. These natural foods are well-known for their ability to boost cognitive functions and strengthen the immune system.
What Are
Aside from being delicious (it tastes like full-flavored coffee, not like turmeric water), this coffee is also infused with premium-grade cinnamon and turmeric powder. These natural foods are well-known for their ability to boost cognitive functions and strengthen the immune system.
What Are
Dilapidated home in inner Sydney fetches $1.1m at auction
Exorbitant prices paid for rundown properties highlight everything that’s wrong with the city’s housing market
A dilapidated home in inner Sydney sold at auction for $1.1m this month, illustrating why aspiring homebuyers and young people feel increasingly locked out of the city’s housing market.
The steep price paid for the crumbling period property, which requires a full renovation, in the suburb of Stanmore, is part of a long-term trend of skyrocketing house prices in Australia’s largest and
A dilapidated home in inner Sydney sold at auction for $1.1m this month, illustrating why aspiring homebuyers and young people feel increasingly locked out of the city’s housing market.
The steep price paid for the crumbling period property, which requires a full renovation, in the suburb of Stanmore, is part of a long-term trend of skyrocketing house prices in Australia’s largest and
Sydney’s luxury downsizers are snapping up homes in prime suburbs
They prefer low-maintenance properties that have lifts and no stairs
Due to the strong value growth in Sydney’s hot property market, many cashed-up downsizers are setting their sights on low-maintenance properties in prime locations in the city.
According to Peter Kelaher, buyer’s agent from PK Property, many luxury downsizers are looking for single-level homes and properties that have lifts and no stairs.
“All of these prospective buyers either think they are going to get a [mobility] proble
Due to the strong value growth in Sydney’s hot property market, many cashed-up downsizers are setting their sights on low-maintenance properties in prime locations in the city.
According to Peter Kelaher, buyer’s agent from PK Property, many luxury downsizers are looking for single-level homes and properties that have lifts and no stairs.
“All of these prospective buyers either think they are going to get a [mobility] proble
Home prices have dropped in the five mainland state capitals
In average weighted terms, home prices in the five mainland state capitals are now lower than they were a year ago. According to CoreLogic, the drop is largely a result of recent price declines in Sydney and Melbourne, Australia’s two largest residential property markets.
In the Harbour City, the median dwelling price has fallen by 3% over the year. Along with a 2.5% decline in Perth over the same period, these drops managed to offset the modest price gains in each of the other mainland state c
In the Harbour City, the median dwelling price has fallen by 3% over the year. Along with a 2.5% decline in Perth over the same period, these drops managed to offset the modest price gains in each of the other mainland state c
Royal Commission uncovers misdemeanours at AMP
An AMP planner ran a clandestine property advocacy business while advising clients to source their investment properties from his firm, the Royal Commission has heard.
Adam Palmer advised several of his clients to set up self-managed super funds to buy investment properties using Property Saint without telling the wealth manager or his clients that he owned 60% of the company.
AMP hired Palmer in May 2013 despite knowing that his previous employer, Australian Financial Services, had been sanct
Adam Palmer advised several of his clients to set up self-managed super funds to buy investment properties using Property Saint without telling the wealth manager or his clients that he owned 60% of the company.
AMP hired Palmer in May 2013 despite knowing that his previous employer, Australian Financial Services, had been sanct
Repayments will rise for borrowers transitioning from interest-only to principal-and-interest
Repayments for a typical borrower facing a reset of their interest-only loan to principal-and-interest will jump by around $7,000 annually—a “non-trivial” increase that should be managed by most households, according to Christopher Kent, Assistant Governor of Financial Markets for the Reserve Bank of Australia.
Presenting analysis of the nearly $500bn in loans that are due to reset from interest-only over the next five years, Kent said the impact on household consumption is likely to be signifi
Presenting analysis of the nearly $500bn in loans that are due to reset from interest-only over the next five years, Kent said the impact on household consumption is likely to be signifi
More than a quarter of aspiring homebuyers see a mortgage broker first
While more people still go to their current financial institution, this may not be the norm for long
Three in 10 aspiring homebuyers go to a mortgage broker first for help in securing a loan, according to a new survey from Mortgage Choice and CoreData Research Australia.
The results indicate that 28% of homebuyers saw a mortgage broker first when looking to purchase a home or investment property, up from 16% last year. In contrast, the proportion of consumers who saw their current financial in
Three in 10 aspiring homebuyers go to a mortgage broker first for help in securing a loan, according to a new survey from Mortgage Choice and CoreData Research Australia.
The results indicate that 28% of homebuyers saw a mortgage broker first when looking to purchase a home or investment property, up from 16% last year. In contrast, the proportion of consumers who saw their current financial in
Reserve Bank’s cash rate may not budge until 2020
Any increase in rates need to take into account the high level of debt in Australian households
There are growing predictions that the Reserve Bank will keep the cash rate on hold until 2020—which spells good news for aspiring homebuyers trying to break into the housing market.
The Reserve Bank has signalled its concern about driving up interest rates too fast, adding that the high level of household debt in Australia poses risks for the entire economy.
The central bank left the cash rate on
There are growing predictions that the Reserve Bank will keep the cash rate on hold until 2020—which spells good news for aspiring homebuyers trying to break into the housing market.
The Reserve Bank has signalled its concern about driving up interest rates too fast, adding that the high level of household debt in Australia poses risks for the entire economy.
The central bank left the cash rate on
Advantedge’s NSW borrowers will need to sign mortgage documents on paper
The change will take effect on May 7
Advantedge, the wholesale funder and distributor of white-label home loans, has announced that as of Monday, it will require borrowers in New South Wales to sign mortgage documents on paper.
The NAB-owned company said it is updating its digital mortgage process for NSW customers, and is now requiring that mortgage documents be wet-signed by customers and witnesses.
Previously, Advantedge could accept electronically submitted mortgage documents without pape
Advantedge, the wholesale funder and distributor of white-label home loans, has announced that as of Monday, it will require borrowers in New South Wales to sign mortgage documents on paper.
The NAB-owned company said it is updating its digital mortgage process for NSW customers, and is now requiring that mortgage documents be wet-signed by customers and witnesses.
Previously, Advantedge could accept electronically submitted mortgage documents without pape
How severe will Sydney and Melbourne’s house price correction be?
The softening demand for residential property could cause prices to unwind further
Sydney and Melbourne’s house price correction is forecasted to continue this year, according to SQM Research.
The property research group has revised its prediction that Sydney house prices will fall by as much as 4% this year, adding that the Harbour City is more likely to experience flat growth.
SQM Research’s previous prediction for Sydney, made last October, was a 4-8% rise in prices for the full year.
Mel
Sydney and Melbourne’s house price correction is forecasted to continue this year, according to SQM Research.
The property research group has revised its prediction that Sydney house prices will fall by as much as 4% this year, adding that the Harbour City is more likely to experience flat growth.
SQM Research’s previous prediction for Sydney, made last October, was a 4-8% rise in prices for the full year.
Mel
Federal government revamps its pension loan scheme
The plan will help asset-rich but cash-poor retirees harness the equity in their homes
Aussie pensioners will soon be able to use the value of their homes to get extra income under a revamped plan that will see the federal government step into the space traditionally dominated by banks.
The plan, dubbed the “pension loan scheme,” has actually existed since the 1980s, but has been virtually dormant due to its highly restrictive nature and lack of inclusivity.
Under the terms laid out in this y
Aussie pensioners will soon be able to use the value of their homes to get extra income under a revamped plan that will see the federal government step into the space traditionally dominated by banks.
The plan, dubbed the “pension loan scheme,” has actually existed since the 1980s, but has been virtually dormant due to its highly restrictive nature and lack of inclusivity.
Under the terms laid out in this y
Lending to property investors dropped by over a billion dollars in March
Over the year, investor lending slumped by more than 16%, the largest decline since May 2016
Lending to Australian residential property investors dropped by over a billion dollars in March, according to the latest data from the Australian Bureau of Statistics (ABS).
This drop could see further declines in property prices over the coming months, analysts warn.
The value of investor housing finance dropped by 9% in seasonally adjusted terms to $10.88bn, the smallest monthly total since January
Lending to Australian residential property investors dropped by over a billion dollars in March, according to the latest data from the Australian Bureau of Statistics (ABS).
This drop could see further declines in property prices over the coming months, analysts warn.
The value of investor housing finance dropped by 9% in seasonally adjusted terms to $10.88bn, the smallest monthly total since January
Sydneysiders are turning their backyard sheds into granny flats
With so many unable to enter the housing market, homeowners are hoping to derive rental income from their granny flats
The traditional Aussie backyard shed is fast disappearing from Sydney homes, as they’re being increasingly converted into designer granny flats for visitors or renters, according to the Domain Group.
Due to high house prices, many Sydneysiders are keener than ever to utilise all their property assets. Hence, sheds are being converted into additional rooms, as are the rooftops
The traditional Aussie backyard shed is fast disappearing from Sydney homes, as they’re being increasingly converted into designer granny flats for visitors or renters, according to the Domain Group.
Due to high house prices, many Sydneysiders are keener than ever to utilise all their property assets. Hence, sheds are being converted into additional rooms, as are the rooftops
"How to buy a home if you're single"
Affording a home is hard enough when you're a well-earning couple. It’s even more difficult when you’re single. YourMortgage has some useful tips for helping singles reach their homeownership goal
by Michael Mata (expanded and updated by Edward Cranswick)
As if couples didn’t already get enough perks! According to recent data it’s pretty clear that choosing to fly solo effectively locks you out of the property market in many of Australia’s capital cities.
According to new data from RateCi
by Michael Mata (expanded and updated by Edward Cranswick)
As if couples didn’t already get enough perks! According to recent data it’s pretty clear that choosing to fly solo effectively locks you out of the property market in many of Australia’s capital cities.
According to new data from RateCi
Brands Convert Snorkel Masks to Battle Covid-19 - AquaViews
April 15, 2020 – Some of the world’s biggest scuba diving and snorkeling gear manufacturers are adapting their masks to help patients battling Covid-19. In early March, Ocean Reef Group filed an international Patent through its subsidiary, Mestel Safety, for an adapter that could transform a standard snorkeling mask into a personal protection mask.
Once outfitted with adapters, the full-face masks could be turned into ventilators that feed oxygen to COVID-19 patients experiencing severe breathi
Once outfitted with adapters, the full-face masks could be turned into ventilators that feed oxygen to COVID-19 patients experiencing severe breathi
Startup Turns Snorkeling Masks into Ventilators - AquaViews
April 7, 2020 – Engineers from ISINNOVA, an Italian startup based in Brescia, are creating emergency ventilators from snorkeling masks. Each mask has been outfitted with a 3D printed Venturi valve that connects the mask to an oxygen tube, thus supplying coronavirus patients suffering from respiratory problems with life-saving oxygen.
ISINNOVA is offering the modified snorkeling masks for free to hospitals in Lombardy, a northern Italian region that has been particularly hard-hit by the coronavi
ISINNOVA is offering the modified snorkeling masks for free to hospitals in Lombardy, a northern Italian region that has been particularly hard-hit by the coronavi
Adelaide unveils its Ten Gigabit City Network
The City of Adelaide is future proofing itself and paving the groundwork to attracting future industries and investors by rolling out the Ten Gigabit City Network.
As part of its “Smart City” agenda, Adelaide’s Ten Gigabit City Network will provide an interconnected hub – a new global fibre network and cloud-based data centre – that will deliver lightning fast 10Gb/s internet speeds. The network will enable businesses, institutions, governments, researchers, and entrepreneurs to tap into the ne
As part of its “Smart City” agenda, Adelaide’s Ten Gigabit City Network will provide an interconnected hub – a new global fibre network and cloud-based data centre – that will deliver lightning fast 10Gb/s internet speeds. The network will enable businesses, institutions, governments, researchers, and entrepreneurs to tap into the ne
‘Liar loans’ could threaten financial system
Australia’s banks are now sitting atop an estimated $500bn’s worth of “liar loans”. These loans were issued to borrowers after they gave lenders false information in order to obtain mortgages, according to a new survey conducted by UBS.
The survey – which polled 907 Aussies who’ve taken a mortgage over the past 12 months – indicates that one-third of borrowers were not “completely factual and accurate” on their home loan applications in the last year.
One-quarter said they were “mostly accurat
The survey – which polled 907 Aussies who’ve taken a mortgage over the past 12 months – indicates that one-third of borrowers were not “completely factual and accurate” on their home loan applications in the last year.
One-quarter said they were “mostly accurat
Preventing illegal subletting on your property
Due to the growing popularity of short-term rental sites in Australia, as many as 35,000 properties are being sublet by tenants throughout the country.
While most guests who stay in short-term rentals are law-abiding and honest, unauthorised subletting could expose properties to a whole host of risks, including out-of-control parties, uninsured property damage, disorderly conduct, drug use, and other aberrations.
While property owners, building and strata managers, and property managers could
While most guests who stay in short-term rentals are law-abiding and honest, unauthorised subletting could expose properties to a whole host of risks, including out-of-control parties, uninsured property damage, disorderly conduct, drug use, and other aberrations.
While property owners, building and strata managers, and property managers could
Royal Commission to probe into alleged bank misconduct
A wide-ranging probe into the Australian finance industry will be held after the Big Four admitted it was needed to restore the public’s faith in the banking sector following a series of scandals.
The Big Four have been under increased scrutiny in recent years amid allegations of mortgage fraud, as well as dodgy financial advice and life insurance improprieties. There have also been claims of anti-money laundering laws being breached and benchmark interest rate meddling.
Prime Minister M
The Big Four have been under increased scrutiny in recent years amid allegations of mortgage fraud, as well as dodgy financial advice and life insurance improprieties. There have also been claims of anti-money laundering laws being breached and benchmark interest rate meddling.
Prime Minister M
Is the bank of mom and dad responsible for Metro Vancouver’s high house prices?
Instead of blaming foreign investors for Metro Vancouver’s skyrocketing house prices, some local analysts say the blame should at least be partially ascribed to the bank of mom and dad.
Andrew Ramlo, vice-president of Rennie Group, said it’s “stupid” to compare Metro Vancouver’s house prices to average incomes.
“In part, what’s happening is we’ve seen a lot of people moving into the market having help from their parents,” he said. “So, that sort of changes the fundamental dynamic because what
Andrew Ramlo, vice-president of Rennie Group, said it’s “stupid” to compare Metro Vancouver’s house prices to average incomes.
“In part, what’s happening is we’ve seen a lot of people moving into the market having help from their parents,” he said. “So, that sort of changes the fundamental dynamic because what
Toronto and Vancouver saw home sales decline in March
Toronto and Vancouver, Canada’s two largest real estate markets, saw double-digit sales declines last month; however, these two regions could soon diverge, according to Michael Dolega, senior economist at TD Economics.
Last Tuesday, the Toronto Real Estate Board (TREB) said home sales in the Greater Toronto Area (GTA) were down 39.5% from last year, while the Real Estate Board of Greater Vancouver (REBGV) reported sales in its region dropping by 29.7%. Both markets were down significantly from
Last Tuesday, the Toronto Real Estate Board (TREB) said home sales in the Greater Toronto Area (GTA) were down 39.5% from last year, while the Real Estate Board of Greater Vancouver (REBGV) reported sales in its region dropping by 29.7%. Both markets were down significantly from
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