First home buyers re-enter the property market

by | Jun 14, 2019 | PowerPress

After sitting on the sidelines for the past few years, first home buyers have re-entered the market following a decline in property prices over the past 12 months, according to Grant Bailey, General Manager of Deposit Power. “With the property markets cooling in...

Auction Clearance Rates Are Up!

by | Jun 13, 2019 | PowerPress

So does that mean the market decline is over? Recent data released by Core Logic (Core Logic News 3rd June 2019) reveals that whilst properties listed for auction were down 27% week on week compared to the same time last year, clearance rates were up from 54.1% to...

Why Banks are shying away from issuing Bank Guarantees

by | Jun 12, 2019 | PowerPress

A bank guarantee is an undertaking issued by a bank to a beneficiary for a specific amount of money that has the effect of guaranteeing the liabilities or commitments of one party to another. A bank guarantee cannot be issued unless the bank has some type of asset...

The Property Market & First Home Buyers

by | May 23, 2019 | PowerPress

Now that the Federal election is over and brokers can breathe a sigh of relief, we can all get on with helping our clients without looking over our backs. Deposit Power issue hundreds of guarantees every month so we have a good idea of what is going on in the property...

First Home Buyer Scheme

by | May 13, 2019 | PowerPress

Deposit Power welcomes the Coalition’s proposed First Home Loan Deposit Scheme that will offer up to $500 million in equity through the National Housing Finance and Investment Corporation. General Manager of Deposit Power, Grant Bailey stated “given the...