Mortgage Blog » Australian Mortgage News

House prices rise and fall across Australia

Amanda Kendle — Wed, 01 Sep 2010 06:50:22 +0000

Australian mortgage holders in some parts of the country might have become a little nervous this week, with new statistics out showing that the value of Australian houses and units has dropped in some cities – in particular, in Brisbane (by 3.3 per cent) and Perth (by 2.5 per cent) for houses, and in Canberra (by 2.7 per cent) and Perth (by 2.5 per cent) for units, over the three months to the end of July, according to the RP Data-Rismark International quarterly index. In other cities, home owners and investors won’t be so concerned, as there have been slight rises; and in all cases, the overall trend for the past year is still an increase. Continue Reading »

Mortgage news with election looming

Amanda Kendle — Tue, 17 Aug 2010 07:33:31 +0000

In Australia the news this week is peppered with mortgage related news that is mostly related to the upcoming federal election: Continue Reading »

No interest rate rise after August Reserve Bank meeting

Amanda Kendle — Wed, 04 Aug 2010 12:32:19 +0000

So, the Reserve Bank board members have got together again and decided that at least for now, the official cash rate won’t rise and that looks like meaning that our home loan interest rates will stay the same for at least another month, too. Continue Reading »

Inflation figures may increase our mortgage rates

Amanda Kendle — Tue, 27 Jul 2010 03:10:20 +0000

When I was reading the paper on the weekend I can’t say it made my day to see this headline: Warning: Your mortgage is going up. This story was carried by all the major papers across Australia and the headline was enough to make me more than a little concerned, despite having heard that an interest rate rise wasn’t likely until after the election at the earliest. Continue Reading »

Do we choose mortgages by interest rate alone?

Amanda Kendle — Wed, 21 Jul 2010 13:13:34 +0000

If you read about mortgages in the news, then the most topic home loan related topic is definitely interest rates. Sure, we also want to read about different methods of repayment or whether or not we can pay off the loan early, but when it comes down to it, the most popular mortgage stories are clearly centered on interest rate issues. Continue Reading »

Interest rate rise waiting for federal election

Amanda Kendle — Tue, 13 Jul 2010 01:08:29 +0000

Here’s some good news for mortgage holders worried about more interest rate rises in the near future: the banks are all saying that they won’t raise interest rates until after the federal election. Of course, we don’t yet know how soon the federal election could be – late next month is a common tip at the moment – but it could even be later than that, and the later it is, the more reprieve we home loan customers have on increased repayments. Continue Reading »

Mortgages in Australia aren’t as easy as they say

Amanda Kendle — Tue, 06 Jul 2010 07:24:54 +0000

The experts are trying to make the mortgage situation in Australia sound all optimistic – they think interest rates won’t rise too much and they suggest that plenty of Australians are still able to cope well with an existing mortgage or to enter the home loan market for the first time. But just because Australia may not have been as badly affected by the global financial crisis as many other countries, that doesn’t mean that mortgages are easy for everyone, as news this week makes absolutely clear. Continue Reading »

Mortgage news on rates, laws and politicians

Amanda Kendle — Tue, 29 Jun 2010 13:30:53 +0000

This week the mortgage news in Australia varies from banks trying not to raise interest rates, to new laws coming in to stop some of the excessive fees we can pay, and on to a mortgage belonging to the Leader of the Opposition, Tony Abbott! In more detail: Continue Reading »

Late repayment, early repayment, both in the mortgage news

Amanda Kendle — Tue, 22 Jun 2010 10:41:38 +0000

There are lots of interesting tidbits in Australian mortgage news this week, so without further ado: Continue Reading »

Experts more optimistic than us on mortgage rate rises

Amanda Kendle — Tue, 15 Jun 2010 05:08:04 +0000

Surveys are showing that as individuals, mortgage holders like me are more pessimistic than the experts about how many interest rate rises we are going to have to pay out for in the next year or so. I guess those of us who are the ones who’ll have to dig deeper in our pockets are more likely to be concerned about this, and it translates into statistics stating that consumers believe there will be at least three rises in interest rates in the next twelve months. Continue Reading »