Residential Property will grow at a slower pace

According to new research by the NAB, Australian Residential property price growth is expected to slow over the coming 12 months. It seems that Australian house price growth expectations have dropped to just 1.4 per cent growth – down from 5.2 per cent recorded in the March quarter. Following very fast growth over the past ...

Genworth Mortgage Insurer – business is slower

Genworth Mortgage Insurer is reporting a drop in business activity in the second quarter of 2010, as a result of  a drop in the number of first home buyers in the market and reduction in loan lvrs by mainstream lenders.  Borrowers are slowly coming to terms that if you do not have sufficient deposit ...

Virgin Money Mortgage Arrangement

While Virgin Money has made quite a splash in the marketplace this week with the launch of new financial products through its strategic alliance with Citibank, it’s mortgage operation in Australia is subject to a number of restrictions. Virgin Money entered the Australian home loan market in 2006 with Macquarie Bank as an off ...