The R.B.A. decides to leave interest rates on hold at 4.75%.

The Reserve Bank of Australia today decided to leave interest rates on hold at 4.75 per cent.

Each 0.25 per cent rate rise adds approximately $60 on to the monthly cost of an average Australian mortgage. In NSW the average mortgage cost is approximately $397,000.

Guilty of Trust Account Fraud; going going Gone!

http://www.fairtrading.nsw.gov.au/About_us/News_and_events/Media_releases/2011_media_releases/20110218_fairfield_man_guilty_of_trust_account_fraud.html

ESRE website gone live today. www.esre.com.au

Owner Occupier Loans for New Property Fell in December 2010

driven by a marked fall in lending for the purchase of new dwellings, according to the Housing Industry Association. Read more..
http://www.reinsw.com.au/default.aspx?ArticleID=8352

The RBA's decision: keep rates on hold - a positive boost for the property market.

The Reserve Bank of Australia had decided to keep rates on hold at 4.75%. Further rate increases are strongly predicted during the year, therefore mortgage holders should embrace this opportunity to pay down their debt. The offical interest rate is currently 4.75%. Today's decsision will be a positive boost to the beginning of this year's property market.

Office Premises Relocation & Contact Details

ESRE are now located at:
125 Oxford Street, Bondi Junction, NSW 2022
Contact #s: T: 02 9387 6514 F: 02 9387 6517
We welcome you to drop in & say hello.

Recent changes to - Strata Schemes Management Regulations (1996)

Recent changes to the Strata Schemes Management Regulations (1996) now include authorization for the Owners Corporation to serve documentation on a lot owner via email, this is if the lot owner has provided the Owners Corporation with a valid email address.

It is essential that Owners Corporations are furnished with up-to-date contact details of Lot Owners.