First the good news…… the worst of the property market declines appear to be behind us and it now looks like we are entering a period of greater stabilisation for the remainder of this year and into next. After more than five years of sustained property price growth, the Australian property … [Read more...] about Is the Property Market Rebounding?
You’ve done all the hard work getting the customer's loan pre-approved so they can go to auction. But as we all know, the auction process is very stressful for many people. So below are some tips to help them achieve success. We also discuss auction clearance rates and share the benefits of Deposit … [Read more...] about How to Win When Bidding at an Auction
After sitting on the sidelines for the past few years, first home buyers have re-entered the market following a decline in property prices over the past 12 months, according to Grant Bailey, General Manager of Deposit Power. “With the property markets cooling in Melbourne and Sydney since early … [Read more...] about First home buyers re-enter the property market
So does that mean the market decline is over? Recent data released by Core Logic (Core Logic News 3rd June 2019) reveals that whilst properties listed for auction were down 27% week on week compared to the same time last year, clearance rates were up from 54.1% to 61.5% compared to the same week … [Read more...] about Auction Clearance Rates Are Up!
A bank guarantee is an undertaking issued by a bank to a beneficiary for a specific amount of money that has the effect of guaranteeing the liabilities or commitments of one party to another. A bank guarantee cannot be issued unless the bank has some type of asset security backing the face value of … [Read more...] about Why Banks are shying away from issuing Bank Guarantees
Now that the Federal election is over and brokers can breathe a sigh of relief, we can all get on with helping our clients without looking over our backs. Deposit Power issue hundreds of guarantees every month so we have a good idea of what is going on in the property market. In the past six … [Read more...] about The Property Market & First Home Buyers
Deposit Power welcomes the Coalition’s proposed First Home Loan Deposit Scheme that will offer up to $500 million in equity through the National Housing Finance and Investment Corporation. General Manager of Deposit Power, Grant Bailey stated "given the significant increase in property prices that … [Read more...] about First Home Buyer Scheme
Sydney first home buyer Luke Handren found his first opportunity to break into the housing market when it cooled in 2017. But the 26-year-old - like most first timers - didn't have enough for a deposit to buy a $550,000 apartment in Pendle Hill in Sydney's west and while his family was willing to … [Read more...] about Deposit Power Bonds on the rise in cooling market