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‘Staggering’: Sydney vacancies reach record highs

July 10, 2020Grace Ormsby

COVID-19 is continuing to wreak havoc on vacancy rates in Sydney, with vacancies up for the fourth consecutive month. ...

REB_top100agents
top 10 agents

1

Alexander Phillips

Year of Experience: 20

Support Staff: 3

Residential Properties Sold: 215

Total Value of Residential Properties Sold:

$ 522,477,791

VIEW COMPLETE REPORT

Have you experienced sexual harassment or bullying in the workplace?

Yes, I've been the victim of sexual harassment (15.8%)
Yes, I've been the victim of workplace bullying (21.1%)
No (63.2%)

Total votes: 19
The voting for this poll has ended on: April 30, 2020
TECH MARKETING SALES BETTER BUSINESS PROPERTY MANAGEMENT
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Courtney Caulfield wEB Servicing Brisbane’s high-end market

Despite only having four years behind her as a real estate agent, Courtney Caulfield from Place - Kangaroo Point has qui ...

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What’s Making Headlines is your new source for all the very latest in Australian real estate news. ...

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According to the recipient of this year’s REB Awards Industry Thought Leader of the Year, the global pandemic has prov ...

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Let’s be real: running a business or an office is stressful. Here’s a quick rundown of some insights on keeping yo ...

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It seems like there has been a huge change of sentiment in the last month as a confluence of factors has come together t ...

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Getting a big win is more than just sales. It involves strategic planning and setting goals, according to real estate bu ...

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Ray White Balmain sales dynamo Megan Smith has sold one of the most expensive houses in Australia this year, with the pr ...

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Perth aerial new reb October blowout predicted for Perth rentals

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Coronis reb Coronis cracks into Victorian management marketpla ...

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EVENTS
REBAWARDS Listready
Real Estate Business Awards 2020

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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Fast track your mortgage repayments

30 November 1999 Reporter

Make your dream of debt free homeownership a reality with a few simple strategies.

The longer you take to pay off the principal amount you’ve borrowed for your home the more interest you will end up paying.<

However mortgage reduction is much easier and less painful than most people think, and as interest rates tumble there’s never been a better time to use the money saved on mortgage interest repayments to drive your mortgage down.

Keep the following points in mind as you strive to be fast track your mortgage repayments:

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Review your home loan: Make sure that your home loan still has a competitive interest rate. Some lenders are heavily discounting their loans to win business so it’s well worth considering your options. Your broker will be able to help you explore whether there’s a better deal available, so give them a call.

Stay the course: Interest rates have already fallen three percent in just four months – that could mean a monthly saving of hundreds of dollars on your repayment amount. Why not keep your repayments where they were before rates dropped? Follow this strategy and you’ll potentially channel thousands of dollars onto you loan each year and take years off your repayments.

Increase your repayment frequency: Switching to fortnightly repayments is an effective method for channelling an extra month’s payment into your loan each year. How does it work? Rather than making 12 monthly repayments by paying them fortnightly you’ll make 26 repayments – giving you an extra month’s injection into the principal. Stick with this tactic and you’ll knock over four years off the life of a 25 year loan.

Lump sum: Have you just received a tax rebate, Christmas bonus or an inheritance – use every opportunity to drive down the principal amount of your mortgage. The more cash you put into your mortgage, the earlier you’ll repay your loan. Just remember, if necessary, you can usually release equity from your home if you have to unlock those extra dollars at some stage in the future.

Fast track your mortgage repayments
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