Australian property market: Homeowners to benefit from low interest rates for next three years

It will be happy days for Aussie homeowners for the next three years according to PM Scott Morrison – if you’re lucky enough to own one that is. It’s the silver lining to the COVID-19 recession for those lucky enough to still have a job and own a home. Low interest rates are here to stay according to the Reserve Bank of Australia’s governor Philip Lowe and economists. And homeowners can expect interest rates to remain at record low for at least three years according to Prime Minister Scott Morrison. The Prime Minister made the prediction on Friday after Dr Lowe and Treasury secretary Steven Kennedy joined the national cabinet to discuss the economy post-coronavirus. “With unemployment expect

Logan jobs bonanza

Up to 6000 jobs will be created at one of Queensland’s largest industrial projects. City of Logan Mayor Darren Power, Pointcorp Director Chris Vitale and Deputy Mayor Jon Raven. Up to 6000 jobs will be created at one of Queensland’s largest industrial projects. The the $1.5 billion Crestmead Logistics Estate will be developed over the next five years by Queensland developer Pointcorp and will deliver 650,000 sqm of warehousing, business, logistics and manufacturing space. Stage one of the project will be completed in December. The 36-hectare parcel was purchased by Singapore’s Mapletree Investments for $90 million. It will develop a $440 million logistics park spanning 200,000 sqm. City of L

Home loan price check: Rates have moved in 2020, has yours?

To say that it’s been a noteworthy year for Australian interest rates and, as a result, mortgage rates may be an understatement. Two rate cuts from the Reserve Bank in March, in addition to the three passed down in 2019, has resulted in an historically low cash rate of 0.25%. Add in the fallout from COVID-19 and, well, the short of it is that home loan rates have been in flux! So we don’t blame you if you haven’t kept up. Our data experts have though and they’ve crunched the numbers and provided a longer term view of the market movements as part of the July 2020 Mozo Banking Roundup. So if you’re interested in an overview of how home rates have shifted - and whether your own mortgage rate h

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