Increased buyer activity eases rental market pressure
An improvement in the rental vacancy rate in Australia’s tightest rental market – Sydney – signals first home buyers and investors are retur...
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Lower end property demand climbs
A rise in first home buyer activity has triggered an upswing in sales of affordable, lower priced housing. According to RP Data, over the se...
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Thinking of investing or living in Australia?
Australia possesses a remarkable diversity and beauty. It offers a wide variety of breath-taking views and terrains and coupled with the gre...
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First Home Owners Grant pick-up rate continues to soar
First home buyers are jumping at the chance to enter the property market with official figures showing nearly 30,000 people have accessed th...
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US recovery on the horizon
In a small ray of light for the global economy, but the US Federal Reserve says the domestic economy could start to recover in 2010. In a Mo...
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Fixed rate loans offer value to investors
Lower fixed mortgage rates are helping to bring investors back into the market says BIS Shrapnel senior project manager Jason Anderson. Majo...
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Buyers turn to properties in the CBD
Economic uncertainty is pushing buyers towards properties in close proximity to CBDs, where values remain safe because of high demand and lo...
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GE sparks loan book run-off
After failing to pass on the bulk of the RBA’s recent rate cuts to borrowers, GE Money will offer a fee waiver period to allow customers to ...
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UK push to ban 100 per cent mortgages
The days of 100 per cent mortgages could be numbered, with British prime minister Gordon Brown seeking to have the products banned in the UK...
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Australian banks tighten up on first home buyers
The Commonwealth Bank is now requiring first home buyers to contribute no less than three per cent of the purchase price of the property fro...
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Households look to get debt under control
The average household debt to income ratio fell sharply in the December 2008 quarter from 160% to 156%, as people paid down their cards and ...
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High rents luring investors back
First home buyers and investors are driving growth in the home lending market. The total value of investment housing commitments increased 2...
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England’s recession deepening
Bank of England (BOE) governor Mervyn King, has conceded that the UK is in a “deep recession” and indicated that the bank is likely to take ...
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Consumers positive about present; uneasy about future
While Australians seem positive about their current situation, there have growing fears about what the future may hold. Tumbling interest ra...
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Small business rates coming down
All major banks are working to improve their service and product offerings to small businesses. They have cut interest rates on small busine...
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First Home Buyers jumping in to buy
Encouraged by improved affordability, lower interest rates and the increased federal government first home buyers grant, lending to first ho...
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Australian home loan rates drop faster than overseas counterparts
According to the RBA, home loans rates are falling faster in Australia than in most other developed countries. A report in The Australian Fi...
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UK housing market rise: Jan 2009
The latest Halifax House Price Index has revealed that UK house prices rose by 1.9% in January 2009. The rise offset December’s 1.6% decline...
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Inner city rental yields soar
The apartment market has lead the charge in offering the best yields on investment property over the 2008 calendar year. Rental returns in s...
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Buying adds up for renters
Monthly mortgage repayments on a $250,000 loan have fallen more than 20% from when interest rates peaked eight months ago. Many renters copi...
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Poor bank service levels continue to hurt mortgage broker channel
A blowout in the big banks’ servicing times is continuing to hinder mortgage brokers’ ability to operate effectively. Prior to Christmas, mo...
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Office vacancies hit 17 year high
Australia’s office vacancy rates have surged as a result of swelling supply and shrinking demand. According to the Property Council of Austr...
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ANZ warns of new Trojan virus
ANZ is warning its customers about a Trojan virus that creates a fake "personal details form" that appears to customers after they...
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Quarter of new borrowers are first homebuyers
First homebuyers continue to storm their way into the mortgage market, following increased government assistance and tumbling interest rates...
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Westpac, NAB cut card rates
Westpac will reduce the interest rate on its' Altitude credit cards by one per cent from next Thursday. NAB will also lower rates on its...
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BankWest & St George customers unhappy
Almost one quarter of all BankWest customers and St George customers report that they are less satisfied with their bank since it has been t...
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Consumers spend big in December 2008
Retail spending recorded the strongest monthly increase in December 2008 since August 2000, exceeding even the most optimistic expectations ...
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Depositors struggle to get five per cent
Retirees dependent upon their savings and people saving for a home deposit are the big losers from the yesterday's interest rate decisio...
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More relief for home owners
The Reserve Bank has dropped the official cash rate by another 1 percentage point, down to 3.25% per annum. The total drop is now 4 percenta...
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Government urged to deliver tax cuts
According to The Australian Chamber of Commerce and Industry (ACCI), tax relief and public infrastructure investment should be priorities in...
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More British expats moving to Queensland
The Move Monitor survey carried out by removalists Pickfords, found a 31% jump in the number of Britons who moved to Australia in 2008, comp...
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Capital city house prices slip in December 2008 quarter
Figures released by the Bureau of Statistics (ABS) show the weighted average national house price dropped by 3.3% in the year to December 20...
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