NSW Terraine - September 2013
Local Outlook NSW buyers poised to swoop but more homes required for sale
With the traditional Spring selling market fast approaching, and interest rates hitting a record low of 2.5%, buyers are back in force.
National Outlook Historically low interest rates set to spur busy spring selling season
The scene is set for a buoyant spring selling season as lenders begin to pass on the 0.25% cut to the official cash rate announced by the Reserve Bank of Australia.
Frequently asked questions What is Lenders’ Mortgage Insurance (LMI)?
You will generally be required by your lender to pay for Lenders’ Mortgage Insurance (LMI) if you borrow more than 80% of the value of a property.