St George pulls no deposit home loans
No deposit home loans will no longer be available from any of the major banks after St George announced the product will be axed next month....
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Mortgage activity improves in UK
Home finance approvals jumped by 19% in the UK during February 2009, indicating that low interest rates and soft house prices are luring som...
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Housing crash unlikely: RBA
A repeat of a US-style subprime crisis is unlikely to occur in Australia, according to the Reserve Bank of Australia's analysis of the h...
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US property market finally on the rise
New US home sales rose for the first time in February 2009 after seven months of decline, indicating that the market may have finally hit bo...
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Property investors positively gearing
Residential property investors are benefiting from low interest rates and high rents and are being able to positively gear their investments...
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Old timers taking up first home owners grant incentive
According to a survey conducted by Mortgage Choice, there has been a sharp rise in the number of people buying their first home later in lif...
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Borrowers keeping their repayments high
According to Westpac and Commonwealth Bank, between 60% and 70% of their home loan customers have chosen to retain their repayments at a hig...
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CBA repayment freeze extended to unemployed
The Commonwealth Bank (CBA) has announced that it will offer a deferred repayment initiative for its customers in light of rising unemployme...
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ING to tighten up lending
ING Direct has announced changes to its lending policies relating to mortgages with high loan to valuation ratios. Maximum LVRs on mortgages...
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Borrowing increases across the board
Lending finance data released by the ABS yesterday confirmed the pace of home borrowing activity is continuing to pick up. Housing finance f...
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Stimulus payments flow through to retail
Australian families are taking to the shops to spend the first of the government’s multibillion dollar stimulus payments. The Daily Telegrap...
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Next housing boom beginning now
After five quarters of decline, twenty one thousand mortgages were started in the December 2008 quarter, a rise of 12% , says figures from t...
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Australian house prices safe from US-like fall out
According to ANZ's latest Property Outlook report, Australian house prices will remain relatively well-supported by good market fundamen...
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House prices stabilise in December 2008 quarter
Government and Reserve Bank measures to safeguard property markets appear to have taken effect, with house prices holding steady in the Dece...
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Aussies spending despite crisis
The global financial crisis won't stop a majority of Australian consumers from spending at the same rate as they did before the downturn...
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Housing market poised for growth: BIS Shrapnel
According to BIS Shrapnel, rising unemployment and the expiry of the increased First Home Owners Grant (FHOG) will not affect strong growth ...
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Investors turn on super, shares and property
The Westpac-Melbourne Institute Consumer Sentiment Index report shows that investor sentiment is continuing to turn against shares, superann...
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Housing undersupply to hit 431,000 by 2028
A government assessment of housing supply has confirmed that Australia is suffering a severe housing shortage that will worsen noticeably sh...
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Applications for home loans continues to grow
According to the ABS, home buyer activity – buoyed by first home owners – continued to climb in January 2009. The figures showed that the to...
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Industry under threat if First Home Owners Grant not extended
With the first home owners grant (FHOG) coming to an end in a few months time, AFG's Mark Hewitt warns that if the government chooses no...
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Qld loan waiting times blow out
Home loan applications from first home buyers from areas in regional Queensland are taking about three weeks to assess through most lenders....
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First home buyers make use of government grants
Successive interest rate cuts, government incentives and falling property prices have been key factors in driving significant improvements i...
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MFAA lobbies government to extend FHOG increase
The Mortgage & Finance Association of Australia (MFAA), has called on the government to extend the boost to the first home owners grant ...
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Dramatic improvement in home affordability
The latest Housing Affordability Report from the Real Estate Institute of Australia (REIA) and Deposit Power has confirmed the dramatic impr...
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Australia suffers first quarterly contraction
The December 2008 quarter GDP results released yesterday, indicated that the pull of the global downturn might prove too strong for Australi...
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Borrowers drive down debt
Economic uncertainty is spurring increasingly prudent behaviour among borrowers as they focus on debt reduction. According to a survey condu...
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RBA places rates on hold
The Reserve Bank has decided to leave the cash rate unchanged at 3.25 per cent, commenting that Australia’s economy continued to fare much b...
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Mortgage stress on the decline
The Fujitsu Mortgage Stress-O-Meter yesterday confirmed that mortgage stress is on the decline. The meter recorded a 1.5% drop from December...
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New home demand soars
New home sales surged in January 2009, as first home buyers jumped to take advantage of the tripled first home owner grant. HIA figures rele...
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Time to get to know your free ATMs
The Australian Bankers Association (ABA) says that customers will need to know how to locate free ATMs after changes to ATM charging start t...
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Aussies pay 'unheard of' bank fees
Australian households pay, on average, $1,000 every year in bank fees and charges. According to Fujitsu Consulting, Australian bank customer...
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