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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the latest in equities, property investing and super.

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Steve Waters, director of Right Property Group, chats about the subdued April price growth and how prices are predicted to move for the remainder of the year.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about the Biden climate summit and impacts on the Australian sharemarket, as well as the possibility of a carbon border tax and what it means.

And lastly, tax and super guru Timothy Munro gives his thoughts on the overhaul of the superannuation performance test and the upcoming budget.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-05-04 06:34:30" ["slug"]=> string(113) "16722:has-the-property-market-reached-its-peak-biden-s-climate-summit-and-our-sharemarket-and-the-upcoming-budget" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(126) "/resources/podcast/has-the-property-market-reached-its-peak-biden-s-climate-summit-and-our-sharemarket-and-the-upcoming-budget" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

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Has the property market reached its peak; Biden’s climate summit and our share...

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There is $17.5 billion in lost and unclaimed super across ...

Borrow

What does it take to make investors switch loans?

By Cameron Micallef

October 20 2020
Share

Borrow

What does it take to make investors switch loans?

By Cameron Micallef
October 20 2020

Savvy investors are looking to take advantage of record-low interest rates and are willing to switch loans even for minor reductions in rates, research has revealed.

What does it take to make investors switch loans?

By Cameron Micallef

October 20 2020
Share

Savvy investors are looking to take advantage of record-low interest rates and are willing to switch loans even for minor reductions in rates, research has revealed.

According to the Property Investment Professionals of Australia (PIPA), 36 per cent of investors would switch rates to save half a percentage point on their mortgage.

PIPA chairman Peter Koulizos said the survey result made it clear that investors were on the hunt for better home loan deals, especially in the current record-low interest rate environment.

“Investors have had to pay unfairly high interest rates ever since they were unnecessarily targeted by APRA a number of years ago,” Mr Koulizos said.

“Investor and interest-only interest rates have reduced over recent times but are still significantly higher than owner-occupier home loans.

“Many investors are also coming off fixed rates and are refinancing to obtain rates that are one, or sometimes two, percentage points lower than what they had been paying.”

As the rate of savings increases, so does the likelihood of investors switching, with the research showing two in three investors would change to save 1 per cent on their mortgage repayments.

Mr Koulizos said lower interest rates significantly improve investor cash flow, which has been under pressure over the past six months.

Further, the survey found that more than 16 per cent of tenants had asked for a rent reduction or holiday during the pandemic.

“Reduced, or even no, rent coming in meant that more than 13 per cent of investors indicated in the survey that they had a cash flow deficit each month,” Mr Koulizos said.

“About 8 per cent of investors also applied for a mortgage repayment pause during the lockdown, but the majority (75 per cent) did not have to continue the arrangement beyond its original term.”

About 8 per cent of investors also withdrew funds from their superannuation during the pandemic, according to the survey, with the main reasons for doing so being reductions in personal or rental income.

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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.

About the author

Cameron Micallef

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