Mortgage News

Long gone are the days of the Australian dream of owning your own home now with such great advantages for renting.

People are now chaging their views on how they perceive renting and the dreaded “rental cycle.” With so many advantages to renting people are now embracing the concept of not owning their own house. Renting opens up everything for living situations and connivence. Examples include: You can afford to live where you want to, you do not need to spend so much money to buy a house on the beach when you can rent one. You do not need a bank to rent a house, thus no debt. also, you have the connivence to move when you like, if you have a neighbour you dislike you simply can move away. You also are stress free when each month you wonder if the reserve bank is going to raise the official interest rate. You do however can get your rent put up on you, however this can only happen 2 times a year.

So with renting on the rise its now a great opportunity for investors to take full advantage. Finance professionals such as Oasis Home Loans are able to help you pick your areas using information available to them from RP Data.

An increasing inflation rate is likely to cause the Reserve Bank to increase interest rates next month when the board meets in February SMH has reported. In 2008, the Global Financial Crisis caused a sharp downturn in the economy and it is considered by many to have bottomed out by the end of 2009. Now with the economy to be on the mend, the reflected increase in inflation figures is eventuating in interest rate hikes. Brokerage Oasis Home Loans Northern Beaches said anyone looking at entering the property market as an investor or new home owner should consider these increases as they most likely only head up.