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St George slashes interest rate
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St George slashes interest rate

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St George has slashed 40 basis points off its two year fixed rate in a bid to reposition itself as a competitive major lender.

This reduction takes the St George two year fixed rate home loan to 7.14 per cent.

In addition to the 0.4 per cent reduction, borrowers will also be eligible for a further 0.15 per cent discount provided they opt for the St George advantage package loan.

The major’s chief executive Greg Bartlett said the rate decrease would be welcome news for home loan customers looking to lock in a competitive, fixed rate home loan.

“For customers seeking interest rate certainty, St George’s 2 year fixed rate home loan now represents even better value for money,” he said.

The announcement comes just one week after ANZ announced it would trim the fat on its three, four and five year fixed rates.

ANZ slashed six basis points from its three-year fixed rate, 19 basis points from its four-year fixed loan and nine basis points from its five-year loan.

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  string(90) "INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: The investment strategies that actually work"
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  ["introtext"]=>
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Welcome to the second series of Investing Insights with Right Property Group. Join Right Property Group directors Steve Waters and Victor Kumar as they explore and challenge the strategies, tactics and techniques to create wealth through property investing.

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Every month, Steve and Victor join co-host Phillip Tarrant from Smart Property Investment to address the burning issues impacting investors, covering key topics such as manufacturing equity, property management, purchasing units versus houses, researching the market, finding under market value properties, the habits and attitudes of successful investors and portfolio building.

In this episode of Investing Insights with Right Property Group, Steve and Victor discuss the numerous property investment strategies taking an in-depth look of two of the most common ones.


They will share the strategies which they have implemented and seen the most success from, look at why they work, and discuss why some strategies are dangerous and should in their opinion be avoided.


Steve and Victor also discuss blue chip properties and their mindset surrounding these as investments, how infrastructure impacts property prices and how to make that work to your advantage.  They will also unpack whether now is still a good time to invest in the property market.


Tune in now for the full episode.




CONNECT WITH RIGHT PROPERTY GROUP


If you have any questions or would like more details on any of the information discussed on the podcast contact Right Property Group on [email protected], visit www.rightpropertygroup.com.au or call 1300 302 166.


We'll be covering all your questions in a coming episode of Investing Insights with Right Property Group, so ensure you get in touch.


If you''re new to this podcast, check out series one on www.smartpropertyinvestment.com.au/podcasts/right-property-group.



FOLLOW RIGHT PROPERTY GROUP


Keep connected with the team and all the latest news and activities. You can follow Right Property Group on Twitter or Facebook.



 Make sure you never miss an episode by subscribing to us now on iTunes!


Did you like this episode? Show your support by rating us on iTunes and by liking and following Right Property Group and Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today or any topics of interest you have in mind, feel free to email [email protected] or [email protected] for more.


 


Previous episodes of Investing Insights:

Breaking down the investment process
Why renovation may not help your valuation
The positives and negatives of diversification
Rent correction, fixed interest rates and buyer’s agents
One of the key mistakes people make
The secrets to good cash flow management
The science behind researching a new market
Keeping a finder on the pulse of your portfolio
How do we pay off the portfolio debt: what's the endgame?
Mastering the fine art of manufacturing equity
Do you have a plan? Advisers’ tips on future-proofing your investment portfolio
The cost of money – can you service your debt?
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Max and Jeanette joins  host Phil Tarrant to discuss their property journey, compare the Australian market to Max’s home town of Holland, and share their plans to maintain the size of their portfolio.
 
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If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn.


If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!



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Castle Hill
 Point Cook
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Property investors are now able to identify and bid on auctions remotely using a new live-streaming functionality launched by Gavl.

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Called “Request an Auction”, the new functionality enables users to watch and bid on any Sydney or Melbourne auction remotely.


Through Gavl, prospective buyers are now able to register to bid on their preferred auction. The platform will obtain permission from the listing agent and confirm within 48 hours.


Vendors can also request to have their auctions broadcast to a larger buyer audience.


Co-founder Joel Smith said that auctions streamed on Gavl attract 47 per cent more viewers than traditional ones.


He said that Request an Auction will be valuable for remote buyers.


“Buyers are able to have Gavl attend any auction they nominate, so they will never have to miss out on an opportunity due to logistical complications in physically attending the auction.


“Vendors, too, have the opportunity to directly book an auction with us, so they can open up their event to buyers all around the world. With more potential buyers, they’re giving their property the chance to receive more bids and maximise their sales result.”


Mr Smith said that prior to the Request an Auction app, buyers were limited to what they could achieve through the Gavl technology.


Gavl is a live-streaming and bidding platform for real estate auctions.


Mr Smith said that it has streamed more than 6,000 auctions, which have achieved 3.5 million views from 50 countries.


Gavl’s Request an Auction function is currently being offered in Melbourne and Sydney only.
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