Category Archives: Property News

CBA intends to fight for share of home loan market

Posted on 12/09/2011 by admin

CBA is not intending to sit and watch other lenders entice away its home loan customers with hot new offers. The bank has come out saying that it intends to beat any loan offer made by one of its main … Continue reading →

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New home sales at 10 year low

Posted on 30/08/2011 by admin

Home buyer confidence is all time low  and this is having an impact across the economy with the purchase of new properties being right down as is the overall interest in home loans. Housing Industry Association figures released yesterday show … Continue reading →

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Housing is more affordable

Posted on 26/08/2011 by admin

Global economic problems combined with a drop in consumer confidence in Australia has resulted in property price decline and an overall improvement The HIA Commonwealth Bank Housing Affordability Index,has shown an improvement of 0.8 per cent in the June 2011 … Continue reading →

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First Home Buyers struggle with home loans

Posted on 17/08/2011 by admin

According to new research, First home buyers need to take at least 4 years to save up the required deposit to qualify for a home loan. In some suburbs where the process are higher this may require a longer saving … Continue reading →

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Australian home values are in decline

Posted on 29/07/2011 by admin

Australian Home values continued to decline during June, as potential home buyers and investors remain pre-ocuppied  with rising interest rates and the state of the global economy. RP Data-Rismark Hedonic’s latest home value index for capital cities fell by 0.2 … Continue reading →

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Home Loan Rates coming down – Westpac

Posted on 18/07/2011 by admin

As consumer confidence and retail spending are both at very low levels, there is an expectation from the economists at Westpac that the RBA will start reducing rates by the end of this year. In fact Westpac is forecasting a … Continue reading →

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Qld investors resurrecting

Posted on 08/07/2011 by admin

The residential property market in Queensland has softened substantially suggesting an investor revival is near. PRDnationwide’s research shows that sales in Sunshine Sate dropped by 28.1 per cent in the year to December 2010. Cyclone Yasi has dramatically affected the … Continue reading →

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Mortgage defaults epidemic

Posted on 15/06/2011 by admin

Fitch Ratings survey of home owners  identified that home loan affordability is rapidly dropping with one in 80 home owners being unable to afford to make their loan repayments. Queensland was the worst hit state with the proportion of home … Continue reading →

Posted in Bad Credit Home Loans, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance, Property News | Comments Off

Home Loan default exposure is high – Fitch

Posted on 09/06/2011 by admin

A recent report by Fitch Ratings has claimed that Aussie households are very vulnerable to future interest rate increases by the RBA, with many being at risk of falling into mortgage arrears. In an exposure draft review of the Australian … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance, Property News | Comments Off

Mortgage brokers and lenders against exit fees

Posted on 08/06/2011 by admin

A national advertising campaign will hit the media today fighting the government proposal to ban home loan exit fees as of the 1st of July this year. Non bank lenders in conjunction with mortgage brokers wish to take their concerns … Continue reading →

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