03.09.2010 The Legend International Water Homes (HK)
24% guaranteed rental return with 14 free-stays
27.08.2010 The Blackman (HK)
Melbourne Service Apartment in Prime Location with 6% Guaranteed Rental Return
20.08.2010 The Blackman at St Kilda Road (Malaysia)
The Blackman is just 2.98 km away from Melbourne CBD and close to major arterials including City Link, Monash & Westgate Freeways. 6% Rental Guarantee
Reserve Bank Interest Rate Announcement 01.06.10
Domain.com.au
The Reserve Bank has opted to hold interest rates steady at its board meeting today.
"This will be welcome news to mortgage holders who have been hit by six rate rises since late last year," says Domain.com.au blogger and property writer Carolyn Boyd. “It will give everyone a bit of breathing space.”
Borrowers across the country have been hoping for the good news after being told by the Reserve Bank Governor, Glenn Stevens, that rates were near normal levels. Each 0.25 per cent interest rate rise adds another $50 to the monthly cost of an average mortgage. Australian mortgage holders are already paying about $300 more per month in repayments than they were in September last year.
Despite Australia facing a desperate shortage of properties, which has been putting pressure on prices, the heat appears to have come out of some of the larger metropolitan markets. The property market is still strong but there is not the frenzy that was around a few months ago. That perhaps shows the rate rises already handed out by the Reserve Bank are starting to bite.
02.08.10
