Construction loans are available to people who have completed their first year in Australia.But with interest rates at a record low of 4.75 per cent, they are becoming harder and harder to get.Here are the latest rates.Credit:ABC News
Categories: NewsWhat are the rates for construction loans?
Construction loans are loans made to a builder to help them build a house or apartment complex.They are typically issued by private lenders, but they can also be made by government agencies, state governments, and private companies.The rates can vary widely, from a relatively low 5 percent to 10 percent, depending on the location and the size of the loan.Construction […]
Categories: NewsHow to save on construction foreman wages in Ohio
Construction foreman rates are set to rise by 2.75% in 2019, the Cleveland Clinic reported.The increase is expected to hit construction worker wages at the end of the year, as well as to reduce the amount of foreman compensation that workers receive when they retire, according to the Cleveland clinic.In 2018, foreman salaries averaged $70,000, but increased to $74,000 in […]
Categories: NewsLoan rates in Australia’s construction industry: Under construction image
Construction loan rates are being set in Australia for the first time in a decade.The Bank of Australia says that the rate for new construction is set to rise to 2.50 per cent over the next three years.A key part of the bank’s review into the industry is a study that examines how construction loans are paid for and the […]
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