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Mortgage News Archive History

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  • Borrowers should demand lower home loan rates
    Homeowners with a mortgage should demand discounts on their home loans because the climate is favourable for lending right now, according to an influential banker.   People with a mortgage are being urged not to accept ...
    Tue 5th Aug, 2014
  • Homeowners switch mortgage deals twice as often
    Homeowners are taking advantage of a competitive marketplace by switching their mortgage providers more often for a better deal.   The low interest rates and increased competition has prompted customers to look round for ...
    Fri 21st Feb, 2014
  • Lenders offer 40-year mortgages to first-home buyers
    Lenders are offering mortgage loans spanning 40 years as consumers look to spread the burden of high housing costs across ever longer periods.   A variety of lenders, including Teachers Mutual Bank, Home Loans, and BCU, are ...
    Fri 14th Feb, 2014
  • Rising prices exclude first-home buyers
    Rising property prices are likely to shut first-home buyers out of the market for the foreseeable future, according to a new report.   First-home buyers face a struggle even if the rise in property prices begins to slow, ...
    Thu 23rd Jan, 2014
  • Shortage in the number of houses for sale driving prices upwards
    The dwindling supply of houses for sale is driving prices upwards and forcing buyers to throw their carefully drawn budgets out of the window.   Buyers are being warned to expect higher prices than they had initially ...
    Wed 15th Jan, 2014
  • Home loan customers slowly moving away from big-four banks
    The big banks are not having everything their own way, with statistics showing that more customers chose alternatives to the big banks when arranging their home loans last year.   Though the “big four” – ANZ, Westpac, ...
    Tue 7th Jan, 2014
  • Home loan borrowers enjoying better conditions - for now
    Home loan borrowers are enjoying better conditions than in past decades, despite the fact they are borrowing much more, experts have said.   The size of the average Australian mortgage has grown by over four times since ...
    Mon 25th Nov, 2013
  • Home buyers must act quickly to counteract rising prices
    Aspiring home buyers could quickly find themselves out of the mix if they do not move fast to get onto the housing ladder.   New RP Data figures show that property prices in city districts rose by 2.3% in the three months ...
    Thu 1st Aug, 2013
  • The slow turn towards cheaper fixed-rate mortgages
    Homeowners are still keen on variable rate home loans, despite fixed-rate mortgages falling to record low levels over the past few months.   With three-year fixed-rate deals available from just 4.73%, there are signs that ...
    Mon 8th Jul, 2013
  • Move on housing now before market recovers, investors urged
    Prospective homebuyers and property investors should act swiftly before a more sustained recovery in the market begins later this year, a leading entrepreneur has said.   Speaking to over 3,000 delegates at the Australian ...
    Mon 20th May, 2013
  • House prices to rise steadily, economists say
    Economists from two of Australia's biggest banks believe that the housing market has recovered from its 2012 dip, but predict that improvements will be steady rather than spectacular.   National Australia Bank group chief ...
    Thu 11th Apr, 2013
  • Reserve Bank tipped to hold rates at first meeting
    The Reserve Bank board is being tipped to keep interest rates on hold when it convenes on Tuesday for its first meeting of 2013.   Despite weaker prospects for the domestic job market, low inflation, and falling business ...
    Mon 4th Feb, 2013
  • Low property prices make buying cheaper
    Falling property prices are benefiting those who have the means to own their own home, as it has become cheaper to buy than rent across hundreds of Australian suburbs.   Prices fell by 1.4% in October, according to the RP ...
    Tue 6th Nov, 2012
  • Switching home loans? Know the rules for mortgage exit fees
    Homeowners with older home loan arrangements may find that they are able to avoid at least part of the exit fee demanded when they wish to change deals.   Early exit fees have been banned for home loans that were taken out ...
    Wed 3rd Oct, 2012
  • Treasurer Swan defends “outstanding” economy
    Treasurer Wayne Swan has leapt to the defence of the Australian economy, describing it as ‘simply outstanding’ compared to the rest of the world.   With interest rate cuts failing to inspire the housing market through ...
    Tue 11th Sep, 2012
  • Apathy Syndrome: Aussies lose out by not switching
    Aussies are losing out because they are not always prepared to switch their deposit accounts and home loans to achieve better rates.   Research from UBank has found that almost a third of Australians (31%) believe it will ...
    Thu 30th Aug, 2012
  • New proposals seek full transparency from banks on lending
    Following the recent implementation of a host of credit card reforms to protect consumers and increase transparency, attention is now turning to reforms in the market for home loans.   Under audacious new proposals fronted ...
    Thu 26th Jul, 2012
  • A new approach to debt? Interest rate cuts have subdued effect
    The impact of the interest rate fall has been considerably weaker than expected while confidence is so shallow, mortgage directors have said.   The central cash rate has fallen several times in the past nine months, ...
    Wed 27th Jun, 2012
  • House prices falling across Australian capital cities
    House prices are falling to record lows across Australian capital cities, with credit ratings agencies ready to further downgrade mortgage insurers.   Across all capital cities, prices fell 1.4%, which leaves them 5% down ...
    Fri 1st Jun, 2012
  • ANZ finally cuts interest rates
    ANZ became the last of the big four to cut interest rates on Friday, choosing to pass on 75% of the Reserve Bank’s 0.5 percentage point cut.   The bank’s variable home loan rate was cut by 37 basis points to 7.05%, ...
    Mon 14th May, 2012
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