The year that was & what lays ahead
We hope you had a merry Christmas and a happy New Year!
With 2015 drawing to an end, we thought we’d reflect upon some of the predictions that Naritas made back in June to see how they’ve stacked up so far.
So let’s look at how our team’s predictions have panned out thus far:
- That there would likely be a cooling of many property markets, in particular, Sydney & Melbourne. However, there wouldn’t be a collapse or the bursting of a bubble: Correct.
- That Chinese investment in residential property would start to decline: Correct.
- That home loan interest rate movements would tend to be upwards in this financial year: Correct (especially for investment lending).
- That the AUD exchange rate (mainly against USD) would weaken: Correct.
Looking forward, the team at Naritas will be making some exciting announcements regarding new lenders and insurance companies that we’ve added to our panel as well as some great promotions to coincide with the launch of these products. We think that these announcements will come as welcome news to the burgeoning volume of people that we’ve been speaking with who are increasingly dissatisfied with the rising product prices from the big banks and are looking for a better deal outside of those circles.