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ABC News
38 minutes ago
- ABC News
Will the PM find a friend in China?
China has rolled out the red carpet for Prime Minister Anthony Albanese. While our biggest trading partner is lobbing love bombs, our most powerful ally, the United States, is demanding truth bombs. With more meetings to go will this diplomatic exercise help, or hurt, the government's standing on the world stage and at home? And an ABC Freedom of Information request has revealed a little more than Treasury, or the government, bargained for. Patricia Karvelas and Jacob Greber break it all down on Politics Now. Got a burning question? Got a burning political query? Send a short voice recording to PK and Fran for Question Time at thepartyroom@
Daily Telegraph
an hour ago
- Daily Telegraph
Value growth can access better home loan rates
ANALYSIS When you apply for a home loan, there are various factors that will determine what interest rate lenders may offer you. One factor you might be able to leverage to negotiate your rate is your property value. As property values climb to new record highs, an increasing number of borrowers may be able to use their property value and loan-to-value ratio (LVR) to get a better deal on their home loan. The latest PropTrack Home Price data reveals there are 88 regions around the country where property prices have risen over the last year. The top five regions for annual growth nationally are: Townsville – 18.70 per cent Western Australia – Wheat Belt – 15.89 per cent Mackay – Isaac – Whitsunday – 14.98 per cent Central Queensland – 14.72 per cent Barossa – Yorke – Mid North – 14.39 per cent How does LVR work? Your LVR represents the debt owed on a property compared to the value of the property. If you've been paying down your home loan – especially in an area where property prices have risen – your LVR has likely lowered, and you might be able to use your new LVR to negotiate a better interest rate. When you work with a mortgage broker to access a more competitive home loan interest rate, the broker will compare what's on offer with different lenders. Given different lenders may value the same property at a different amount, this can lead to real savings for borrowers. For example, with a loan size of $550,000: Lender A values your property at $610,000 (90.16 per cent LVR) Lender offers you a 6 per cent p.a variable rate Lender B values your property at $650,000 (84.62 per cent LVR) Lender offers you a 5.84 per cent p.a variable rate Lender C values your property at $696,202 (79 per cent LVR) Lender offers you a 5.49 per cent p.a variable rate That's a difference of $2136 a year in home loan repayments between lender A and lender C. his translates to about $64,000 over the life of the loan. So, how do I know if my LVR has changed? In addition to making a dent on your loan, if you've made home improvements or renovations, or your property is in a high-growth region, you may have moved into a new LVR tier. A mortgage broker can help you take all these factors into account to calculate your current LVR and compare your current home loan against what's in market to see if you can access a more competitive home loan interest rate. Top growth per region The latest PropTrack Home Price data reveals the regions where property prices have risen over the last year. NSW: Far West and Orana – 10.08 per cent Hunter Valley exc Newcastle – 7.20 per cent Murray – 6.91 per cent New England and North West – 6.17 per cent Sydney – South West – 5.72 per cent QLD: Townsville – 18.70 per cent Mackay, Isaac, Whitsunday – 15.89 per cent Central Queensland – 14.98 per cent Toowoomba – 13.01 per cent Ipswich – 11.36 per cent SA: Barossa – Yorke – Mid North – 14.39 per cent South Australia – Outback – 12.65 per cent South Australia – South East – 12.18 per cent Adelaide – North – 11.30 per cent Adelaide – South – 10.93 per cent VIC: Bendigo – 3.14 per cent Ballarat – 3.10 per cent Shepparton – 2.87 per cent Melbourne – North West – 2.67 per cent Warrnambool and South West – 2.35 per cent TAS: Hobart – 2.34 per cent Anthony Waldron is Mortgage Choice CEO.
News.com.au
2 hours ago
- News.com.au
Son John delivers funeral eulogy for mum and Aussie icon Eileen ‘Red' Bond
Beloved Aussie socialite Eileen 'Red' Bond has been remembered for her commitment to 'faith, family, friends and fun' in a heartfelt service at Fremantle's St Patrick's Basilica. Ms Bond, the wife of entrepreneur Alan Bond, was farewelled before hundreds of mourners on Monday following her death from a stroke on July 2 aged 87. Son John, delivering the eulogy, said his devout Catholic mother loved St Patrick's and it was 'entirely fitting' to say goodbye to her there. 'This place gave her strength to get through the tough times in life of which she had a few, the most significant being the tragic death of her darling daughter Susan,' he said. 'In times like these, this church was her refuge.' Ms Bond sported a shock of red hair as a child and she became known as 'Red' to her friends and family. On family, John said Ms Bond was 'fiercely loyal'. 'To mum, family could do no wrong even when we obviously had,' he said. 'She would brook no criticism whatsoever of family members.' On friends, John praised his mother's 'incredible knack' of being able to 'befriend anybody, at any time, in any circumstances'. 'She was vitally interested in people's lives, and I think that was the key,' he said. Mr Bond converted from Anglicanism to Catholicism to marry Eileen, John said, after the pair met when Ms Bond was still a teenager. She and Mr Bond welcomed four children: John, Craig, Susanne and Jody. Mr Bond was a successful developer in the 1970s and 1980s and became a household name after he helped Australia win the 1983 America's Cup sailing competition. He also founded Queensland's Bond University. He went bankrupt in the early 1990s and was sent to prison on bankruptcy and fraud charges. Ms Bond travelled the world and lived a life of luxury, forming friendships in high society circles across the globe. 'Our mighty team won the America's Cup and mum won the American public,' John said. But all the time, 'Red never really changed', he said. 'Wonderful, exuberant, engaging and loyal to the end, she will be terribly missed,' John said. In a statement on her death, Bond University vice chancellor and president Tim Brailsford said Ms Bond was a 'great friend and fierce supporter of the university since its establishment'. 'She was a regular visitor to campus and attended many events, always bringing her own style and grace,' he said. 'The room was always brighter once Red had entered and her cheeky sense of humour entertained many a crowd.'
