Housing affordability fell
The Housing Industry Association and the Commonwealth Bank released their Housing Affordability Index this week which showed that housing af...
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US bank lending drops
US banks posted their sharpest decline in lending since 1942 at the end of last year, suggesting that the industry's continued slide is ...
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Credit reports list bad behaviour
Currently, credit reports list only negative information like serious defaults and bankruptcies. Under new comprehensive reporting to be in...
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Credit lending conditions are loosening
Following ANZ’s announcement earlier this week that it will look to ease its lending criteria, new research from RateCity has found there ha...
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Brisbane early storm warning alert service
Brisbane City Council in partnership with the Early Warning Network (EWN) will provide Brisbane residents the opportunity to receive early w...
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Rate rise coming next week
The Reserve Bank will almost certainly raise official interest rates at the RBA board meeting in Sydney next week. In recent weeks, both t...
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Foreign investors push house prices up
Real estate agents are reporting strong demand from offshore investors since the Australian federal government relaxed its foreign investmen...
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Poor construction activity threatens economy
The recent slump in residential construction activity could result in a future housing bubble, RP Data’s chief executive officer Graham Mira...
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Liberty raises max LVR on commercial loans
Liberty Financial has increased the maximum LVR for prime full doc business to 80%. "At a time when small business is hurting, other ...
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MFAA members become 'Professional Credit Advisers'
The 12,000 members of the MFAA will operate under the new trademarked designation of 'Professional Credit Adviser following completion o...
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Melbourne property getting less affordable
First home buyers are being locked out of the Melbourne housing market because of soaring process and interest rate rises. Buyers who wait...
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First Home Owners - stressed
Many first home buyers with young families who bought their homes in the second half of 2009 are now struggling with higher interest rates. ...
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RBA Stevens Testimony and Q&A session
In recent weeks, we’ve already heard quite a fair bit from the RBA – via speeches, minutes to the February meeting and only two weeks ago, ...
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Smart village in NSW
In a very smart move which is possibly an Australian first, the NSW Government has launched a Smart Village in Newington, Sydney's west....
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Property investors on the move
Owner occupied housing finance fell 5.5% in December 2009 after a 6.1% drop in November 2009 and a 2.9% fall in October 2009. The outcome is...
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Australian business confidence improving
The NAB’s business survey for the December 2009 quarter showed that business confidence improved to a 15-year high as sales and profitabilit...
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Business, consumers still scared of debt
The global financial crisis may be over, but it has had a big impact on the way people and businesses spend and think about money. Accordi...
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First Home Buyer activity breaks record
A report from RP Data has found that more than 190,000 Australians took advantage of the government’s first home buyer stimulus incentives i...
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First home buyers experiencing mortgage stress
There are more than 100,000 first home buyers who bought their home in the last 18 months who are now in mortgage stress, according to the l...
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First home buyers in more debt than ever
First home buyers are taking on more debt than ever before, according to the Australian Bureau of Statistics (ABS). During December 2009, ...
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Why Jobs Growth Is Good For Property Investors
There was good news about Australian jobs this week. Economists were predicting unemployment, which was at 5.5%, to increase to 5.6%. It act...
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Rate rises hurting Aussies
The financial position of almost two thirds of Australians has been negatively affected by interest rate rises according to an online poll p...
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GFC rewards inner city property owners
The GFC has created a windfall for inner city property owners, particularly those with two bedroom apartments. Tight lending criteria for d...
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Australia: where will the population grow?
Australia's population growth: births exceed 300,000 a year. Australia recorded 301,000 births for the year ending 30 June 2009 accord...
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Golden age 'will stretch to 2050'
Australian Treasury chief Ken Henry has outlined a golden age for the Australian economy lasting to 2050 and beyond, as rapid population gro...
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Small businesses less satisfied with banks
Bendigo Bank leads the pack in customer satisfaction when it comes to small businesses. However, total scores were down for most mortgage le...
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Housing affordability at its best
According to the QBE LMI’s Housing Outlook 2010-2012, housing affordability is at its most attractive level in almost a decade. The strong h...
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Kiwibank's rate cut is positive sign for economy
A cut to standard variable mortgage rates by Kiwibank is a good sign that New Zealand's economy may be turning around, reports The Aust...
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14 characteristics of the post-crisis overseas property investor
A post from Latin American property portal Reveal Real Estate puts forward the argument of the over simplification of the overseas propert...
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Australian government withdraws bank guarantee
The Rudd government is withdrawing the guarantee scheme for large deposits and wholesale funding on 31 March 2010. Treasurer Wayne Swan anno...
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Senate investigates small business credit concerns
The Australian has reported that the Coalition has initiated a Senate inquiry into the barriers to credit faced by small businesses. The mai...
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Sales of new apartments jump
The number of new apartments sold in December 2009 increased, but not enough to prevent a drop overall in new home sales for the month, acco...
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Australians are using less water but more energy
According to a new report released by the Australian Bureau of Statistics (ABS), Australians are using less water but more energy. The rep...
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Three rate rises expected from RBA
The Reserve Bank board is thought to have been divided over whether to raise interest rates again this month, after three rate rises since S...
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Property up-graders: the next market force
Property up-graders are set to be the next big force in the property market, according to the latet LJ Hooker/BIS Shrapnel Residential Prope...
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RBA leaves official cash rate unchanged
At its meeting today, the Board decided to leave the cash rate unchaged at 3.75%. The statement from Glenn Stevens, Governor Monetary Polic...
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Investors confidence surges in 2009
Investors are not deterred by the current rising interest rate environment. According to ING Investment Management’s quarterly Investor Dash...
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GFC strikes off no deposit home loans
The global financial crisis has killed the no deposit home loan, as mortgage lenders continue to tighten lending restrictions under the high...
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Aussies slam the brakes on borrowing
Demand for new home loans fell 47% in January 2010 from the strong business levels experienced in the September 2009 quarter. AFG managin...
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