Daily Archives: May 21, 2020

‘Remarkably resilient’: Australian property marks surprising result

Budgeting, Buying a Home, Buying an Investment, LifestyleBy Shannon Whelan May 21, 2020

Here’s what happened to property in April. The national property price index grew a slight 0.3 per cent in April against a backdrop of significantly reduced market activity and consumer confidence. Hobart (-0.1 per cent) and Melbourne (-0.3 per cent) were the only capital cities to record a fall in property values, according to the…

Mortgage pause may cost an extra $17k: What to do instead

Budgeting, Covid-19, Lifestyle, RefinancingBy Shannon Whelan May 21, 2020

Affected by COVID-19? There might be a better way to ease financial pressure than taking a mortgage holiday. As of mid-May nearly 3 million Australians are asking for a rent reduction or mortgage repayment pause as the coronavirus pandemic wreaks havoc on Aussies’ ability to pay bills. Of those 2.9 million Australians, 1.2 million are…