XCLUSIVE MONEY
  • Home
  • Services
  • About
  • Apply Now
  • Useful Information
  • Calculators
    • Borrowing Power Calculator
    • Loan Repayment Calculator
    • Stamp Duty Calculator
    • Mortgage Switching Calculator
    • Extra Repayment Calculator
    • Loan Offset Calculator
    • Loan Comparison Calculator
  • Blog

Blog​

Welcome to our June NewsletterWinter

22/6/2020

0 Comments

 
Picture

Winter has arrived quickly and we’re hoping you’re well and keeping warm. Recently the property market slowed down considerably with the COVID-19 pandemic having a huge impact. Find out more about home value movements in each state below.Interest rate news
The Reserve Bank of Australia (RBA) announced it has decided to keep the official cash rate unchanged at 0.25% at its meeting on the 2nd June.
According to the RBA, the pace of recovery for the quarter beyond June is uncertain. The outlook will depend on the extent to which the market continues to be affected by social distancing and other containment restrictions. RBA governor Philip Lowe said in the previous meeting that the Board will not increase the cash rate until progress is being made towards full employment and inflation is sustainably within the 2-3 per cent target band.
Interest rates remain low for some time and there are plenty of competitive home and property investment loans available. Talk to us to make sure you’re getting the right deal for you.
Home value movements
We have seen a reduction in home values in May as the market activity showed more positive signs. The Home Value Index report from CoreLogic shows that the estimate of sales activity bounced back by 18.5% in May after a drop of 33% in April. CoreLogic head of research, Tim Lawless, said “Considering the weak economic conditions associated with the pandemic, a fall of less than half a percent in housing values over the month shows the market has remained resilient to a material correction. With restrictive policies being progressively lifted or relaxed, the downwards trajectory of housing values could be milder than first expected.”
Melbourne’s housing market has posted the largest fall over the month, down at -0.9% May. Home values were also down in Sydney (-0.42%), Brisbane (-0.08), Perth (-0.56%) and Darwin (-1.59%), but rose in Canberra (+0.55%), Hobart (+0.77%) and Adelaide (+0.45%).
Picture
EOFY: Why property investors love tax time
It’s tax time and if you are a property investor, is a great time to maximise your tax benefits this financial year.
Read More
Picture
Take control of your budget
Getting your budget under control and your finances in order is absolutely essential for anyone looking to apply for a home loan. Here’s a few things to consider to get financially fit in the new financial year.
Read More
Picture
Keep your indoor plants happy this winter
During winter, your indoor plants are going to have a harder time staying healthy and will require a little extra care. Read more for our top tips to help them thrive during the cooler months.
Read More
0 Comments



Leave a Reply.

    Xclusive Money

    Xclusive Money is here to support you with all the Xclusive Purchases throughout your life

    Archives

    January 2021
    July 2020
    June 2020
    April 2020
    March 2020
    December 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    January 2019
    November 2018

    Categories

    All

    RSS Feed

Picture
Picture
Picture
info@xclusivemoney.com.au

Xclusive Money Site Map
  • Services
  • About
  • Apply Now
  • Useful Information
  • Calculators
  • Blog​

© 2019 Xclusive Money. All Rights Reserved. ABN 95 607 701 440  ACL 511379. View our Privacy Policy©
  • Home
  • Services
  • About
  • Apply Now
  • Useful Information
  • Calculators
    • Borrowing Power Calculator
    • Loan Repayment Calculator
    • Stamp Duty Calculator
    • Mortgage Switching Calculator
    • Extra Repayment Calculator
    • Loan Offset Calculator
    • Loan Comparison Calculator
  • Blog