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According to chief market strategist at CMC Markets and host of The Artful Trader podcast Michael McCarthy, there are certain investor personality traits that seem to predict success in the share market.

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In this episode of the nestegg Podcast, Michael joins host Grace Ormsby to outline exactly what these characteristics are, the difference between high-risk and low-risk appetites, and how investors can apply different strategies depending on their own personality type.

Michael also explains how fear can be both helpful and a hindrance for confident decision-making, why failure is a crucial process for investors seeking growth, and where budding investors can begin educating themselves about the markets.

Thanks Matthew, for sharing your insights with the nestegg podcast team!

You can keep up to date with what CMC Markets are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Thursday, 27 February 2020

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Home loan competition heats up as Aussies walk

By Cameron Micallef · December 18 2019

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Borrow

Home loan competition heats up as Aussies walk

By Cameron Micallef
December 18 2019

Reading:

Home loan competition heats up as Aussies walk

By Cameron Micallef · December 18 2019

Reading:

The rate of borrowers refinancing with another mortgage lender has increased for the fifth consecutive month, as mortgagors look for a better deal, national figures have shown.

The Australian Bureau of Statistics (ABS) reported a 2 per cent increase in the value of new housing finance commitments in October (seasonally adjusted terms) up from $17.8 billion to $18.2 billion.

The increase was driven by a 2.2 per cent rise in the value of new owner-occupied commitments, from $12.8 billion to $13.1 billion.

The value of new investor commitments also increased, up 1.4 per cent, from $5 billion to $5.1 billion.

The ABS also reported a rise in first home buyer (FHB) activity, with the number of new FHB owner-occupied loans rising 1.4 per cent in October, making up 29.9 per cent of all new owner-occupied loans.

The numbers reflect previous research by Mozo, which showed that customers can get a better deal if they left for a more competitive deal.

Ditching a big four bank and switching to the best variable rate on the market could shave well over 100 basis points off your home loan rate and save the typical borrower with a $400,000 home loan close to $4,000 a year over 30 years.

“If you are looking to reduce your loan repayments as soon as possible, it pays to compare rates and switch to the lender offering the most competitive rate you can find,” Mozo director Kirsty Lamont said.

Reflecting on the research, Tim Reardon, chief economist at the Housing Industry Association, attributed the rise in home loan volumes to recent developments in the market, which include rate reductions, changes to lending guidance, and public policy initiatives.

“Stimulus measures, including interest rate cuts, tax cuts and the easing of APRA’s lending restrictions, are having a positive impact on the housing market,” he said.

“The government’s First Home Loan Deposit Scheme will also assist eligible first home buyers to enter the market from January.

“If these conditions remain, the market will stabilise during 2020, at levels well below those experienced in recent years,” Mr Reardon concluded.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.