The 7 must-know numbers of the week
How much extra revenue Westpac earns by pushing up rates by five basis points. Banks are currently making 20% return on their mortgage investments, and this is could increase to 30%.
The amount Russell Crowe paid for his Potts Point investment apartment in 2001. He sold it this week on its second relisting. The sale price has not been disclosed, but it is understood to be a touch under $2 million.
The spike in the number of home loan inquiries Heritage Bank received in February, compared with the average number of inquiries in the previous five months. The bank says 30% of the mortgages it wrote in February were refinancing deals, with many coming from bigger bank rivals after the big four put up interest rates last week.
The weekly asking rent for a four-bedroom house in the tiny, remote WA town of Onslow. The mining boom town has been named an investment hotspot by Australian Property Investor magazine.
The standard variable rate of Bank of Queensland, which is the same as the standard variable rate offered by the most expensive of the big four banks, Westpac. Bank of Queensland put up its rates this week after the RBA decided to keep the official cash rate on hold, although the bank stuck to its promise of not raising rates after the February decision.
The amount Fulton Transport boss Gary Fulton paid for ex-Equititrust managing director Mark McIvor's Gold Coast home. It’s a two-storey riverfront home designed by Sydney-based architect Alex Popov on Cronin Island and did not sell at its September listing.