Opposition to launch inquiry into small business lending
Opposition Leader Tony Abbott and the Coalition's small business spokesman Bruce Billson are campaigning for a Senate inquiry into bank ...
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Rate hikes 'hard to justify': RBA
The Reserve Bank of Australia has challenged bank rate hikes by pointing out that profits from lending have returned to pre-crisis levels. ...
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Sydney and Melbourne lead property recovery
Property owners will continue to see their investment grow in the new year, with house prices already exceeding pre-global financial crisis...
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Still time to grab a bargain for property in Australia
For property owner occupiers or investors looking to enter the market, there are still affordable options available nation-wide especially i...
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Fourth rate rise due in February
The chances of another rise in official interest rates soared yesterday with the release of the latest employment statistics showing a drop ...
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Home building boom coming in 2010
Demand for new home loans for owner-occupier home buyers fell in October by 1.4%, according to the Australian Bureau of Statistics. The nu...
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1 in 100 behind on their mortgage
The rate of mortgage defaults fell in 2009, despite rising unemployment. According to a report by Fitch Ratings, the percentage of borrowers...
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Mortgage interest rates to hit 8.5 percent
Home loan interest rates will reach 8.5% by 2011, adding about $300 per month onto repayments for the average sized mortgage say leading eco...
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Westpac defends rate rise decision
Westpac's chief executive broke her silence on the bank's dramatic rate rise yesterday, defending Westpac's decision to almost d...
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Wealthy investors look to expand their property portfolio
Confidence in the real estate sector is returning among high-net-worth individuals according to new survey from Barclays Wealth. Accordin...
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Commonwealth and ANZ banks increase rates
The Commonwealth and ANZ have followed Westpac and raised interest rates on their standard variable rate home loans by more than the Reserve...
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Homebuyers not deterred by lessened grant
Despite the first home owner's grant being reduced in October 2009, Australians continue to take up the federal government’s grant boost...
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National Bank lifts its rates by 25 basis points
NAB announced today that it will increase the interest rates on its standard variable mortgages by 25 basis points to be on par with the Res...
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RBA pushes rate rates for 3rd straight month
The cash rate will rise to 3.75% tomorrow following today's meeting of the RBA monetary policy committee - the third consecutive 25 basi...
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Dubai debt crisis could delay rate rise
Dubai's debt crisis may have frightened the Reserve Bank of Australia (RBA) into holding off an interest rate hike. The RBA meets tomo...
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Rents in Australia set to skyrocket
High demand and low apartment vacancy is expected to push rental rates up sharply for the next two years. According to BIS Shrapnel's ...
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Insights into why people move
The ABS recently released the results of their Housing and Mobility Conditions Survey and some of the findings are imperative for property i...
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Sydney house prices up $39K in the past year
The typical price of a Sydney house is $607,000 after climbing $39,000 in the past year. The typical price of a Sydney unit is $457,000 afte...
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Boomers and retirees are renovating
According to Ric Battellino, deputy governor of the Reserve Bank, around half of all housing finance is for alterations and renovations. ...
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UK mortgage lending up 5% in October 2009
Signs of recovery in the UK property market are appearing after October figures showed a 5% rise gross mortgage lending. October 2009 gros...
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Rents up everywhere
Rents on houses increased 3.4% to $422 a week nationally over the 12 months to October 2009, while apartments rose 4.1% to $409. According...
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Banks pressure small business for deposits in exchange for loans
According to The Australian Financial Review, small businesses are sucking up interest losses on deposit in an effort to secure a loan. In a...
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Mortgage stress on the rise again
More than half a million households in Australia are currently experiencing ‘mortgage stress’ according to Fujitsu Consulting. The number of...
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One in three mortgage enquiries not meeting bank criteria
One in three mortgage enquiries will not fit the current lending criteria set by banks, according to Loan Market Group. The firm's chi...
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Seven Ways that Personal Finance Software can help you...
With the proliferation of online personal finance software tools coming into the market, it begs the question as to why you might want to si...
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Costs to rent or buy near parity: ABS
According to the Australian Bureau of Statistics (ABS), the costs associated with renting or owning a home are on par. Figures from ABS sh...
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Green loan available
Westpac will introduce a new interest free ‘green loan’ that will help families install solar, water saving and energy efficient products th...
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Banks slug small business with high interest rates
Interest rate margins on small business loans have increased greatly over the last two years. In 2007 loans to small and medium sized busine...
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Major banks match rate rise
The major banks matched the Reserve Bank of Australia's official rate rise of 25 basis points yesterday, but more hikes could be store f...
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Most borrowers reject fixed rate
Most homeowners are choosing to stick with their variable rate mortgages with only ten per cent saying they are opting to fix their rate now...
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Global warming may heat up Tree Change markets
A Parliamentary report on global warming released this week highlights the uncertainty surrounding coastal property markets. Some prospectiv...
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Interest rate rises: a 2 phase move by the RBA
I met with UBS Investment Bank during a function on Monday, who gave some very interesting insights about the Reserve Bank of Australia (RBA...
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Home buyers fear missing out as prices soar
Home buyers are suffering from ‘fear of missing out’ according to a new study from a national real estate service. Appproximately 87% of peo...
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Climate change threatens homes
More than 700,000 properties along the Australian coast are under threat from climate change related storms and rising sea levels according ...
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Property investment: Brisbane QLD
Analysts expect the current situation in Brisbane to last for the next 10 years, based on the popularity of Brisbane and 'sunbelt migrat...
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Big banks raise fixed rate loans
National Australia Bank will lift its 1 to 5 year fixed rate home loan rates by 20-50 basis points effective from Monday 26 October 2009. ...
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Can you afford to retire?
The Global Financial Crisis (GFC) has affected superannuation balances across the board. This has left many people questioning their retirem...
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Coastal markets to enjoy future growth
According to RP Data's national research director Tim Lawless, now is the best time for potential property buyers to grab a coastal barg...
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Businesses hamstrung by tight lending
According to PricewaterhouseCoopers, the potential for private businesses to grow is there but the funding is not. Businesses recorded a ris...
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Taking the plunge: First home buyer health check
Buying a home is a long-term commitment - for better or worse - despite the shifting sands of the global economy. But there is help on hand ...
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House prices tipped to climb 20 per cent
Research from BIS Shrapnel suggests house prices will rise by nearly 20 in the next three years. The rise would add more than $100,000 to th...
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20 per cent of Australians struggling with repayments
The Reserve Bank’s aggressive interest rate cutting has helped keep loan arrears and defaults to a minimum over the past year, but almost on...
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Rate rise for all 4 banks
All four big banks yesterday passed through the Reserve bank’s 0.25 per cent rate rise to their customers. The rise puts the standard variab...
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How can an interest rate rise be positive news?
While the inevitable rise in the RBA cash rate by 25 basis points to 3.25 per cent on Tuesday, 6th October 2009, may be seen by many as nega...
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Rate rises: ANZ first to move on rates
ANZ is the first of the big four to pass the Reserve Bank of Australia’s (RBA) 25 basis point rate rise on to its customers. Some of the b...
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Investors set to flood market: survey
According to a recent survey from PRDnationwide, almost 90% of investors will purchase property in the next two years. According to the surv...
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Homeowners to pay $50/month more
The average homeowner with a $300,000 mortgage will pay about $50 more after the Reserve Bank of Australia raised interest rates yesterday ...
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Home owners cautious despite growing economic confidence
A new study from Consumer Insights has found the global financial crisis has forced more than one in four home owners to sell their property...
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Half of mortgages at CBA or Westpac
According to research conducted by Core Data Brand Management, CBA and Westpac control almost 50% of all mortgages in Australia. Using f...
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Shortfall in housing looks set to continue
Recently released figures from the Australian Bureau of Statistics (ABS) shows that the total number of housing starts fell by 7.3% in the J...
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Business confidence at six year high.
National Australia Bank's monthly business survey shows that business confidence has increased in August 2009 to it's highest level ...
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CBA hikes fixed rates
The CBA has moved ahead of the Reserve Bank of Australia and today announced that it will increase its fixed-lending rates. CBA’s one year f...
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Gen Y keen to dive into property market - just not right now
A report released today showed that although there is a significant level of interest in property investment from Australians under 30, most...
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What are you going to do with your tax refund this year?
If you have received a tax refund this year, have you considered what you are going to do with the extra money in your pocket? If you go out...
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Melbourne unit prices to overtake Sydney by 2014
According to research by Residex, average unit prices in Canberra, Darwin, Perth and Melbourne were all within the AU$370-395,000 range at 3...
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Australia 'most popular for working abroad'
Demand for homes in Australia may increase as a result of a widespread desire of Britons to work abroad, new research has suggested. A surve...
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A home in one
A £3.75 million (AU$7.2 million) house overlooking the 18th green and the 1st tee of the Old Course in St Andrews, the home of golf, is abou...
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Investors back as house prices climb
Property investors are coming back into the market after investment finance hit a low in January 2009. BIS Shrapnel expects prices to keep g...
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Intellichoice Delivers Financing Solutions for a Changing Market
When today’s leading service and manufacturing firms need short-term working capital, they turn to Intellichoice. For nearly a decade, Intel...
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Uncertainty convinces RBA to hold rates
Despite improvements in consumer sentiment and some better than expected indicators of domestic economy, the Reserve Bank is not convinced i...
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Credit card debt is our biggest worry
An online poll in News Limited newspapers has found that credit card debt is the biggest concern for the majority of consumers. The survey f...
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Melbourne property trumps Sydney's growth
Melbourne properties staged a stunning performance during the first seven months of 2009 with median prices jumping by 8.5% to $454,524 ac...
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ANZ reviews penalty fees
ANZ Bank will announce big changes to its penalty fee structure in the next few weeks, following changes by the other big banks to their pe...
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Refinancing home loans more popular
Refinancing of home loans topped $1.5 billion in June 2009, which was double the activity of a year ago. This significant jump demonstrates...
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Pain ahead for leveraged borrowers
A recent survey conducted by Loan Market Group has claimed that almost 20% of Australians would not be able to afford higher loan repayments...
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Housing markets recover worldwide
Housing markets around the world are showing signs of recovery, according to the latest survey of worldwide house price indices prepared by ...
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Government checks up on bank rate rises
Sources within the major banks say the federal Treasury rang around all major banks last week to check on rumours that they are planning on ...
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Banks to ensure you can repay your debts
The assistant Treasurer Nick Sherry said yesterday that Australian bank customers and borrowers will get world class credit regulations when...
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Young investors are clueless
Young ‘generation Y’ investors have unrealistic expectations about the level of returns they can expect and don’t know how to invest to meet...
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Housing shortage in Australia will only get worse
The Commonwealth Treasury estimates that 200,000 new homes are needed each year to meet demand, but only 160,000 are being built. Westpac Ba...
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Govt grant helped one in two FHB onto property ladder
According to the latest Bankwest/MFAA Home Finance Index, approximately 48.1% of all first homebuyers agreed that the first homeowners grant...
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Your repayments are going up by $4680
Australians have to be prepared for higher interest rates says the governor of the Reserve Bank, Glenn Stevens. Financial markets are expect...
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Scarce credit affects dwelling developments
Risk-averse banks and lenders demanding higher pre-commitment sales in order to provide finance are causing the housing industry to suffer. ...
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UK homes too small
New homes being built in the UK are failing to provide enough space for storage, furniture or play areas for the kids, according to new rese...
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US upbeat about recovery
Economists are becomingly increasingly positive that the US lending market is about to turn a corner on the path to recovery. Data from the ...
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Online property register on the cards?
In a development expected to significantly change commercial and consumer banking, a new AU$18 million online register of personal property ...
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Six rate rises expected, starting early 2010
Financial markets are expecting that the Reserve Bank may raise rates more than six times, starting early next year. In the August board min...
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More households set to feel mortgage stress
The number of households suffering mortgage stress could eclipse one million by June 2010, as rising unemployment levels and interest rates ...
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Positive data suggests robust property markets ahead
Consistently high clearance rates and positive data from the Australian Bureau of Statistics (ABS) are pointing towards a consolidation in t...
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Intellichoice property reports
To further empower you in your decision to buy property in Australia, we have a compiled a list of valuable property reports. Download these...
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Intellichoice
Please be informed that Intellichoice Financial Services Pty Ltd in Australia is in no way related to Intellichoice Mortgage Services, LLC b...
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CBA raises fixed rates
The Commonwealth Bank of Australia yesterday confirmed that it will lift interest repayments on their fixed rate mortgages by as much as 0.6...
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Increased confidence pushes average mortgage size up: AFG
The average new mortgage lodged in Australia reached a record high of $354,000 in July, indicating a growing confidence in the property mark...
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The ins and outs of reverse mortgages
Australian homeowners who are considering using the equity in their home as security to borrow money might be interested in a new publicatio...
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Where do buyers and renters want to live in Australia?
Inner-city suburbs and beachside suburbs are the most desirable areas for Australian homebuyers and renters, according to research conducted...
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Survey finds investors are poised for market return
A Loan Market Group survey has revealed that a significant number of current investors are gearing to capitalsie on current housing market o...
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