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The RBA's decision to cut the cash rate may be the spring selling season's saving grace, according to Mortgage Choice.
Since the cash rate decision day on 1 November, the mortgage broker's 'How much can I afford to borrow' website calculator has experienced a 357% increase in unique page visits against the preceding week in October.
Spokesperson Kristy Sheppard said it is "terrific" to see potential borrowers are on the ball with market condition improvements.
"It looks like the recent interest rate drop was the signal many buyers were waiting for to spur their property purchase plan into action," she said.
She expected many wanted to make a move now, to take advantage concessions due to expire early in the new year.
Safety concerns mount over 'static asset' trail books - When you buy a trail book you are essentially buying a static asset - a stream of cash flows that will diminish with time, according to Jeff Zulman managing director at Book Buyers Brokerage, as the safety of trail income continues to come under close industry scrutiny.
Fixed rate popularity 'surprising', says AFG - The popularity of fixed rates has been 'slightly surprising' AGF's Mark Hewitt has said, given the widely held prediction prior to the RBA announcement that variable rates would indeed decrease.
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