Latest News & Blog
[NEW VIDEO]: Melbourne Suburbs Set To Soar By 18.4 Per Cent In 2025 Revealed!
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investor, RE: List of suburbs shows where house prices are set to SOAR in Sydney and Melbourne when Commonwealth Bank, Westpac prediction occurs House prices will surge by close to 20 per cent in inner-city Sydney and Melbourne if the Reserve Bank slashes interest rates four times this year, as the major banks are forecasting. The Commonwealth Bank and Westpac both predict the RBA will trim rates significantly in 2025 - a forecast that real estate data group CoreLogic expects will spark...
RBA cut interest rates, Is now the time to buy?
Dear Fellow Property Investor, The Reserve Bank of Australia has recently lowered the official cash rate to 4.10%. This adjustment has implications for the property market, primarily by influencing borrowing capacity. Check out my recent YouTube Video on this very topic; SHOULD YOU BUY REAL ESTATE NOW OR WAIT UNTIL INTEREST RATES FALL? Lower interest rates mean home loans become more affordable, bringing more first-home buyers and investors into the market. As demand rises, competition for properties increases, pushing prices up. For investors, this is a great opportunity to buy before...
Westpac cuts fixed rates ahead of RBA…
Dear Fellow Property Investor, Westpac has cut its fixed-rate mortgages a week ahead of the Reserve Bank of Australia (RBA) meeting, now reaching the lowest fixed rate of the “big four” banks. Westpac has cut its fixed-rate mortgages across its one- and two-year loan terms, following NAB’s initiative, which slashed all its fixed-rate mortgages in the first week of February. Canstar’s rate tracking showed that Westpac reduced its rate by 0.40 percentage points for owner-occupier loans with a one-year term, and by 0.30 percentage points for loans with a two-year term. Westpac’s lowest fixed...
[NEW VIDEO]: Should You Buy Real Estate Now Or Wait Until Interest Rates Fall?
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investor, ANZ and the Commonwealth Bank are both forecasting a rate cut when the RBA next meets in February. The Reserve Bank says economic management remains a "balancing act". ANZ has joined the Commonwealth Bank in predicting an interest rate cut in February, which could provide relief to mortgage holders following a sustained rate of 4.35 per cent. The cash rate has stayed the same since November 2023, with Reserve Bank of Australia (RBA) governor Michele Bullock saying...
[NEW VIDEO]: Melbourne Property Market Update January 2025
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak. Dear Fellow Property Investors, Melbourne homes are now 41% cheaper than those in Sydney, a $600,000 difference, marking the largest price gap in 20 years. Sydney has long been Australia’s most expensive city for homebuyers, but the price difference between Sydney and Melbourne has reached unprecedented levels. PropTrack’s Eleonor Creagh said that as of August, Sydney’s median house price is 70% higher than Melbourne’s, with Melbourne homes now 41% cheaper – a $600,000 difference, marking the largest price...
Melbourne suburbs where house prices grew more than their owners earned in 2024 revealed: REIV
Dear Fellow Property Investor, House prices in 25 Melbourne suburbs have out-earned their owners in the past year, surging at least $100,000 as the family home became 2024’s “most successful” property type. New Real Estate Institute of Victoria figures show while the wider city’s median house price fell by $20,000 (2.1 per cent) to $913,000 in 2024, a handful of postcodes shrugged off tough conditions. Multimillion-dollar housing markets including Deepdene, Portsea and Brighton had some of the biggest gains, rising anywhere from $255,000 to a whopping $602,000 in the past 12 months. But...
Two big banks now predict a February rate cut. Here’s how much they say you could save?
ANZ and the Commonwealth Bank are both forecasting a rate cut when the RBA next meets in February. The Reserve Bank says economic management remains a "balancing act". ANZ has joined the Commonwealth Bank in predicting an interest rate cut in February, which could provide relief to mortgage holders following a sustained rate of 4.35 per cent. The cash rate has stayed the same since November 2023, with Reserve Bank of Australia (RBA) governor Michele Bullock saying that taming inflation is a "balancing act". "With inflation coming down and employment growing, we think we remain on the...
NAB predicts 3 interest rate cuts for 2025!
NAB has come forward with its predictions for interest rate cuts, penning a total of three for 2025. NAB Group CEO Andrew Irvine released a statement on behalf of the major bank, saying that Aussies should expect some relief after economic troubles plagued many throughout 2024. “It’s my view that we’re at the hardest point of the economic cycle right now and things will get better from here,” Irvine said. “We’re seeing tax cuts for Australians that most are actually saving, so deposit balances are increasing in the sector, which I think is promising. And we do expect interest rates to...
Property Investors warned now is a ‘critical’ moment to secure an investment property before Christmas, while prices still remain affordable…
Dear Fellow Property Investor, Melbourne home buyers have been warned it’s a “critical moment” with just days left to secure a home before Christmas. Property experts are advising to “seize the opportunity now”, with Melbourne offering some of the most competitive deals nationally. However, experts are warning a potential interest rate in the new year will bump up prices. With 1369 properties slated for auction it is expected buyers will remain very much in control. PropTrack senior economist Paul Ryan said Melbourne’s auction clearance rate from last week sat at a steady 58 per cent,...
[NEW VIDEO]: How To Get Rich In The Flat Melbourne Property Market In 2024 – By Konrad Bobilak
Don’t miss out, CLICK HERE to get up to date video education from Konrad Bobilak.