It’s not often we head into celebrity territory on the Mortgage Seek blog, but the big mortgage news this week is that former Aussie tennis champion Mark Philippoussis has become a victim of the mortgage stress plaguing many of the major Australian cities. Somehow it’s comforting to hear that the rest of us normal people are not alone in dealing with mortgage dramas, but that’s no doubt fairly small consolation to Mark Philippoussis..... Keep Reading »

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 »

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

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..... Keep Reading »

When you first take out a home loan, whether it’s for your own home or as an investment, you start off with the expectation that you’ll be able to make repayments relatively easily – whether that’s from your salary or from rental income. Nobody deliberately (I hope!) takes on a mortgage that they’re going to have trouble repaying. But then interest rates rise – like they’ve done pretty regularly here in the last year – and it’s a little scary how quickly you can get out of your depth and start to have problems making your repayments..... Keep Reading »

You know how people always ask if you want the good news first, or the bad? That seems to suggest good and bad news always come together, and this week that seems to be true again. Let’s start with the good news in Australia: unemployment figures are looking healthy..... Keep Reading »

The recap of mortgage, home loan and housing news in Australia..... Keep Reading »

The recap of this weeks mortgage, home loan and housing news in Australia.

The top stories for the week ending 11/05/08:

Real World Facts Emerge on ‘Mortgage Stress’
Genworth Financial, who provide Lenders Mortgage Insurance, have released details of a report indicating that out of the one million policies currently in place that 5000 of those may be classified as under stress being 90 days in arrears. (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?

The recap of this weeks mortgage, home loan and housing news in Australia.

The top stories for the week ending 27/04/08:

Mortgage stress levels could rise: study (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?

The recap of this weeks mortgage, home loan and housing news in Australia.

The top stories for the week ending 16/03/08:
(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?

The recap of this weeks mortgage, home loan and housing news in Australia.

The top stories for the week ending 02/03/08:

Brace for it
The Australian (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?

Almost as expected, at today’s RBA meeting the board has moved to increase the cash rate from 6.75% to 7.0% in the fight against inflation within the Australian economy. Prior to the meeting a raft of pleas from union leaders, community groups, government and opposition members asking the RBA to consider negative ramifications on those that are currently under mortgage stress and financial pressure. (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?

The recap of this weeks mortgage, home loan and housing news in Australia.

The top stories for the week ending 21/10/07:

Mortgage stress ‘alarmist’
News.com.au
Author Stephen Johnson takes a look at comments from Phil Naylor of the MFAA (Mortgage and Finance Association of Australia) saying that the Australian Bureau of Statistics (ABS) definition of mortgage stress – being where a borrower paid 30 per cent their income on a home loan – made borrowers anxious.
(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?

The weekly recap of mortgage, home loan and housing news in Australia.

The top stories for the week ending 23/09/07:

Houses lost because of too much bad debt
News.com.au
Peter Jean reports that families are losing their homes as mortgagee repossessions rise after over-burdening themselves with debt to pay for goods such as flat screen televisions. As per the article there were 2720 court applications for repossession of properties whose owners defaulted on mortgage repayments in Victoria in the year to June.
(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?