Suburbs where people pay too much interest on their mortgages

first_imgHashChing has found homeowners in seven Queensland suburbs were paying as high as 7.39 per cent in interest on their mortgages.SEVEN Queensland suburbs were named in a line-up of places where homeowners pay too much in interest rates – but it was a Brisbane suburb that won the refinance battle. Latest data from online platform HashChing found homeowners in Brendale, Coomera, Advancetown, Austinville, Labrador, Surfers Paradise and Springbrook were paying off mortgages with rates as high as 7.39 per cent.That was 2.67 percentage points higher than the Brisbane average (4.72 per cent), but they weren’t the only ones footing a higher bill than necessary.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor9 hours agoHashChing found that self employed borrowers were paying higher interest rates (5.71 per cent) on average – that was almost a whole percentage point higher than PAYG borrowers.But some parts of Brisbane have been making strong moves to lock in record low interest rates, with Everton Park emerging as the most refinanced postcode in Queensland. Everton Hills and Mitchelton share the same postcode (4053)., with the area averaging a loan amount of $482,334 at an interest rate of 4.89 per cent.Other Brisbane suburbs that saw the state’s strongest refinancing applications were Cashmere, Joyner, Bray Park, Warner, Brendale (4500 postcode), Carole Park, Goodna, Bellbird Park, Brookwater, Springfield Lakes (4300 postcode), Murrumba Downs, Griffin, Dakabin and Kallangur (4503).On the Gold Coast, there was a big push towards refinancing out of Arundel, Parkwood, Molendinar (4214 postcode), Broadbeach Waters, Broadbeach, Mermaid Waters, Mermaid Beach (4218 postcode), Pacific Pine, Nerang (4211 postcode), Labrador, Southport (4215 postcode).HashChing found the average refinance amount in the state was $497,881.Westpac was the only major bank whose refinancing average ($521,102) came in higher than the state average, though CBA was receiving the most applications (23.3 per cent), with ANZ and Westpac on a fifth each and NAB seeing 15.8 per cent..last_img read more

Team Nigeria Departs for Commonwealth Games in Gold Coast

first_imgThe second batch of nine athletes and four coaches will leave this week as soon as their visas are issued while the wrestling team comprising 12 wrestlers and four coaches will depart on April 2, 2018.The XXI Commonwealth Games is scheduled to start on April 4 and run through April 15,  2018 in Gold Coast, Australia with 71 commonwealth countries taking part in the Games. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Team Nigeria’s first batch of 70 athletes and coaches for the XXI Commonwealth Games left Abuja at about 6pm on Saturday aboard Emirates Airline for the Gold Coast, Australia as the Games Village formally opened for business yesterday.46 athletes in athletics, para-athletics, table tennis, para – table tennis, basketball, gymnastics, para powerlifting, weightlifting, boxing and 17 coaches, loaders and helpers as well as seven medical personnel made the trip to the Games.The athletes were in high spirit at the time of departure as all allowances were paid to them. Each athlete received N15,000 per day for 21 days being the period of the last phase of camping. They were also given specific competition kit and equipment.last_img read more