Falling house prices boost solo living: UK
According to the telegraph.co.uk, falling house prices in the UK are reigniting a boom in single households. The telegraph.co.uk reports tha...
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Super concessions push investors back to property
Property may be a more attractive investment now that there will be a cap on concessional contributions to superannuation. The change will p...
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Index points to economic stabilisation
The Westpac-Melbourne Institute Leading Index of economic growth has recorded its first substantive improvement in over a year raising hopes...
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Australia tops ranking for buffering recession
It’s official: Australia is the best place to weather out the current global downturn. According to 7,500 business people from more than 24 ...
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Investor activity tipped for Melbourne
Strong market conditions are expected to entice investors into inner Melbourne’s apartment market towards the end of 2009. According to BIS ...
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Data confirms FHB property bubble forming
A swell in first home buyer loan sizes has affirmed concerns that first home buyer incentives were inflating property prices in the lower en...
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Residential properties face heavy discounts
Home owners wanting to sell are being forced to discount asking prices heavily in the face of weak buyer demand. A new report from RP Data h...
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Fees are easy to avoid say banks
The Australian Bankers Association (ABA) says 33% of total fee revenue collected from households could be reduced if consumers changed their...
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Income from bank fees goes up again
Bank fee income grew at the fastest rate for five years in 2008 according to the Reserve Bank of Australia. Fees reaped from households grew...
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Fixed rates hit 15 year low
The average three year fixed rate home loan from a big four bank is currently charging 5.85% per year, the lowest rate for about 15 years. T...
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New home affordability at 7 year high
A softer property market and record low interest rates continue to make buying a first home the most affordable in years. The Housing Indust...
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Australians ill-equipped for rising unemployment & unexpected costs
As the threat of unemployment intensifies a Bankwest survey has found almost one in three Australians have no savings buffer, and one in two...
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Genuine savings quickly becoming the norm
The requirement for borrowers to show genuine savings to secure a home loan is fast becoming industry standard. Bankwest and Homeloans Ltd a...
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Large deposit requirements keep first home buyers out: UK
Mortgage market activity improved strongly in the United Kingdom in March 2009, as borrowers took advantage of the lowest debt servicing cos...
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Indication of lending policies relaxing in UK
The UK’s second largest lender Abbey has relaxed its lending criteria in what is a major boost to the country’s mortgage market and an encou...
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Aussies believe things are looking up
Record low interest rates, softening inflation and lower fuel prices are giving Australians reason to be more optimistic about their standar...
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Federal budget backs first home buyers
The mortgage industry has been buoyed by the news last night that an extension of the increased first home owner grant was included in the f...
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An end to rate cuts?
The Reserve Bank of Australia is unlikely to cut rates any further because business confidence and economic conditions seem to be improving ...
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Big banks take over mortgage market
According to the Reserve Bank of Australia, the major banks have increased their share of the Australian mortgage market from 61% of all hom...
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Surprise improvement in unemployment
A much stronger than anticipated jobs figure yesterday buoyed the economy, but the government has been quick to warn the improvement is only...
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AFG expecting big drop in first home buyers
While its April 2009 mortgage index revealed that first home buyers comprised 27.7% of all new mortgage sales nationally, AFG expects this n...
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Sydneysiders struggle with debt
Almost one quarter of Sydney residents say they could not pay their electricity, gas or telephone bills on time compared with 13% in 2006. A...
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Surfers Paradise most expensive retail strip for rents
Surfers Paradise’s Cavill Avenue has been named the most expensive suburban shopping strip in the country for the fifth year running by comm...
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Consumers shift to brokers for reverse mortgages
According to the latest reverse mortgage study by Deloitte and SEQUAL, approximately 52% of reverse mortgages written during the six month p...
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Victorian first home buyers grants go up
The Victorian state government first home buyer grants will be extended for another year. The state government will also increase the amount...
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US construction spend and FHB activity on rise
The United States was buoyed overnight by the first rise in construction spend in six months and a steady rise in new home sales. The US Com...
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St George latest to tighten LVR criteria
St George has announced it will change its lending policy, with new LVR limits and savings policies in force as of Monday, 4th May 2009. St ...
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Aussie cities - the world's best cities to live in
Australian cities rank high amongst the world's best cities to live in, according to an annual appraisal of the most liveable cities in ...
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Australian house prices resilient to recession
According to two new property reports released yesterday, Australia’s property market defied the slowdown in the first quarter of 2009, with...
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