PowerPress

With global stock markets suffering major sell offs in recent weeks, people are now questioning how does this current environment compare to that of the other 8, larger S&P500 corrections in history? Remember the three things that have to be present to trigger a major stock market correction. There are recessionary factors already present like […]

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 Bonds over […]

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 2018, first home buyers have deemed it’s […]

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 in […]

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 the […]

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 […]

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 we have seen in Melbourne and Sydney in the past five […]