It’s probably inevitable that with a cash rate rise from the Reserve Bank and the subsequent interest rate rises on home loans – especially from some banks like the Commonwealth Bank whic hiked their rate by almost double the Reserve Bank’s increase – there will be home loan customers who are thinking about switching to a different home loan, hoping for a better deal..... Keep Reading »
Social media is everywhere these days and in case you didn’t realise, even banks are getting into Facebook and Twitter. Something that we used to consider as just part of our after hours fun and a way to catch up with friends is becoming all-pervasive and there are even studies out there on how banks are interacting with us, their customers, via social media..... Keep Reading »
The weekly recap of mortgage, home loan and housing news in Australia.
The top stories for the week ending 19/08/07:
Costello push on high-risk loans
Herald Sun
In light of the US sub-prime mortgage crisis the Australian Federal Government has expressed concerns over low doc loans that have led to a higher rate of home repossessions and unfair interest repayments. Treasurer, Peter Costello, is pushing the states to introduce laws to protect consumers. Lincoln Wright from the Herald Sun provides a wrap up.
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