Last week you might recall that I was sympathising with Sydney-siders who have the worst mortgage stress in Australia. Apparently a lot can happen in a week because the new figures are now showing that Sydney people are no longer the worst off – this dubious honour now goes to mortgage holders living in Brisbane, with those paying off home loans in Melbourne being very close behind. Of course, many Sydney mortgage holders are still struggling but they’re no longer top of the table!.... Keep Reading »

If you’ve got a home loan and you live in Sydney, then unfortunately you win as belonging to the group of Australians suffering most from mortgage stress at the moment. Mortgage holders in Brisbane and Melbourne, on the other hand, are apparently in the best situation, all according to a recent Moody’s survey..... Keep Reading »

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..... Keep Reading »

A recap of the news stories on mortgage this week:
(more…)

Possibly Related Posts:

• Bring Back the Haggle: 10 things you should never pay full price for
• No interest rate rise in March
• Queensland floods and mortgage payments
• Mortgage and money resolutions for 2011
• Refinance your loan or keep paying through retirement?