Australia’s second-largest lender, Westpac, has announced a reduction of up to 35 basis points on its variable home loan rates, further fueling competition among banks. New customers can now secure a variable home loan rate of 5.84%, matching the lowest rate currently offered by the big four banks. However, this rate comes with conditions—borrowers must apply online and provide a 30% deposit to be...
Contribution by : Michael Christie 18/02/2025 In late 2020, Christie and Co. Property Group identified a promising opportunity in the Arabella development, comprising 53 townhomes. We introduced 16 of our investors to this project, each securing a unit with a 5% deposit, averaging a purchase price of $595,000. Upon settlement, these units were valued between $800,000 and $865,000, resulting in gains...
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