NAB talks about raising rates
National Australia Bank chief executive Cameron Clyne has hinted that the bank may raise interest rates on mortgages outside of normal inter...
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Finance sector optimistic about recovery by end of 2010
Professionals in the finance and accounting sector remain optimistic about the recovery of the economy with approximately 79% of respondents...
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St George hikes up fixed rates
St George has hiked its three, four and five year fixed rate home loans, effective today. The changes bring the bank in line with CBA, NAB a...
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Govt ramps up hardship assistance
The government has lifted the hardship threshold to $500,000 in a bid to shelter Australian households from the effects of the credit crisis...
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Govt helping to reduce mortgage stress
According to market researchers Fujitsu, economic stimulus efforts by the government are helping borrowers manage their mortgage repayments....
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Australians will save stimulus payments
The larger part of the governments’ stimulus payments look set to go towards saving and repaying debt rather than a spending blitz. Accordin...
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Sharp increase on property rents revealed
According to the Housing Industry Association (HIA), property rents grew by 1.7 per cent over the first three months of 2009 to be 8.2 per c...
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ANZ reduces one and two year fixed rates
ANZ has announced it will cut its one and two year fixed mortgage rates by 0.54 per cent 0.20 per cent to 5.45 per cent and 5.79 per cent re...
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Banks move on fixed rates
The window of opportunity to secure a low fixed rate home loan could have closed with the major banks now moving to bump up fixed term rates...
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Government considers loan exit fee ban
The federal government may move to ban banks’ mortgage exit fees as a result of their failure to pass on the benefits of interest rate cuts ...
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House prices moving up again
Residential house prices in Sydney went up by 0.9 per cent in March 2009, while Melbourne prices jumped 1.6 per cent in March 2009. Adelaide...
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Stimulus money goes on card debts
According to a survey by St George Bank, more than half of taxpayers who are due to receive economic stimulus payments of up to $900 from th...
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Strong rental rises drive positive gearing opportunities
Asking rents on Australian residential properties increased dramatically in the year to March and rental yields are now near to or surpassin...
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Big banks putting first homebuyers at default risk
Major banks are allowing first homebuyers to sign up for mortgages so big they are left paying more than half their net monthly income on lo...
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Responsible lending to become law
All credit providers will be licensed and regulated by the federal government by the end of the year under new laws that will be introduced ...
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120 lenders hold back rate cut
ANZ, Westpac and St George Bank yesterday announced they would match Commonwealth Bank and cut the interest rates on their variable rate mor...
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Banks put the brakes on investors
The number of home loans approved for investment purposes fell 2.8 per cent in February 2009 to the lowest level since May 2002. Investment ...
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Borrowing activity continues to grow
Housing finance activity continued to pick up in February 2009, with first home buyer market share increasing again to another record level....
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Banks hold back rate cut
The Reserve bank of Australia yesterday cut official interest rates by 0.25 per cent to a 49 year low of three per cent. National Australia ...
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What you need to know about unemployment in Australia
Investors need to understand that while unemployment is rising, so too is employment, according to CommSec chief economist Craig James. Alth...
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RBA cuts cash rate
The RBA reduced the cash rate by 25 basis points today to just 3 per cent – the lowest level in almost 50 years. Though the central bank not...
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Unemployed mortgage holders offered bank reprieve
The federal government has negotiated a mortgage payment reprieve for the unemployed with the big four banks. According to The Daily Telegra...
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Population growth in Queensland
Queensland's population will grow more than other states and territories and may overtake Victoria by 2050, according to figures release...
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Luxury homes take hit
The growth in luxury house prices around the world has slowed dramatically, as effects of the global credit crisis seep into the top tier of...
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Index points to recovery in house prices
The RP Data-Rismark Hedonic Index has revealed a recovery in property values over the first two months of 2009. While some capital cities st...
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Best conditions in a decade for renters to buy
The current property market is showcasing the best conditions for property investment in more than 10 years and could present renters the id...
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