The sad fact is that all good things must come to end and irrespective of whether Mr Rudd chooses to extend the first home buyers grant past June 30 or not, the truth is the bubble will have to burst eventually! So, while many of us our placing bets on whether or not the grant [...]

SUPER SIZE!!!…..Famous words for those of us who are fortunate enough to dine at McDonalds. These words were also made famous by independant film maker Morgan Spurlock who made millions of dollars with his film “Supersize me” where he limits himself to only eating McDonalds over a 30 day period and had to supersize his [...]

There’s no doubt the whole recession thing is real. Revenue is down. Unemployment is up. We’re circling the drain, definitely, we’re not arguing with anybody about that. It’s the worst black hole since all those black and white pictures were taken during the depths of the century just past. However it’s got to be one [...]

The Novak Agency is happy to report that The Reserve Bank (RBA) has cut interest rates by 0.25 of a percent (25 basis points) taking the official cash rate to a historic low of 3.00%. We are also happy to report that CBA has headed the big four banks in slashing it’s interest rate by [...]

The “big four” (that’s Novak slang for the big four banks have come to arrangement to throw a lifeline to those struggling to pay their mortgages. These unprecedented move is aimed at preventing those struggling families from losing their homes. Commonwealth, NAB, Westpac and ANZ banks will actually place a freeze on mortgage payments in [...]

Credit growth poised to recover Home prices; Private sector credit • Australian home prices rose by 1.1 per cent in February, the biggest gain in 16 months. Dwelling prices were up 1.1 per cent for the first two months of 2009. Melbourne and Sydney led the gains. • Private sector credit (loans outstanding) was flat [...]

The long-awaited return of Sydney investors appears to have finally arrived, as shown by the rising number of available rental properties in some parts of the city. The latest data from the Real Estate Institute of NSW (REINSW) revealed that the percentage of available properties in Sydney suburbs 25km or more from the CBD has [...]

To the northern beaches, there may be good opportunities in standard residential located in Frenchs Forest. There is a dominance of 1960s housing which could have good potential for renovation and profit. Frenchs Forest has good road infrastructure leading to and from the city, and is close to the beach.Buying,selling or renting on the northern [...]