CEO at Onyx Domain
Greg has over 30 years experience in business and property investment. He has spent most of the last decade in the finance and property investment industry assisting Onyx clients to build their wealth through property. He has also project managed property investment projects in Victoria and Queensland. Greg is a member of the Mortgage Finance Association of Australia and an Accredited Mortgage Consultant. Greg has extensive business networks across the country. He has a background in the printing, publishing, marketing and communications industries where he built and sold several businesses.
The QBE LMI Housing Outlook report has become an annual event which summarises the state of the Australian Property market.
In previous years Rob Mellor, Managing Director of BIS Shrapnel Ltd has provided a summarised overview of the general state of play and forecast for the Australian housing market to people in the finance and housing industry.
The commentators are saying that interest rates are set to rise soon – perhaps next month. Beat the rate rises today. We’ve been able to secure this limited time home loan offer of 6.73% fixed for one year.
Vacancy rates in Victoria are still low – a great sign for property investors.
Compares the benefits and weaknesses of investing in property trusts or direct residential property investment in Australia.
Under the national credit reforms, anyone engaged in credit advice on residential and commercial lending will need to register with the Australian Securities and Investment Commission (ASIC) between April 1 and June 30, 2010.
Registered credit participants will then have six months between July 1 and December 31, 2010, to apply for an Australian Credit License.
RP Data’s National Research Director Tim Lawless today dismisses claims that Australia is in a housing bubble. Mr Lawless says that despite the fact that 14,000 new homes are approved for construction each month, the rate of new dwelling approvals is much lower than what is required – approximately 17,400 new homes need to be approved each month.