More and more Australians are looking for a better deal on their home loan, with the most recent data from the ABS revealing that refinancing activity jumped by 17% over 12 months and 5% over three months..... Keep Reading »
There was no interest rate rise at the August meeting of the Reserve Bank: and snap, same again this week, again the cash rate has remained at 4.50 per cent after the Reserve Bank board got together for their first Tuesday in September meeting..... Keep Reading »
Are you one of the increasing number of Australian home loan holders who are having problems making their mortgage repayments? Apparently the number of people getting into trouble with their mortgages is on the rise, according to data released earlier this week. Not only that, the prediction is that it’s only going to get worse..... 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 04/05/08:
Rent a block: ACT Govt to make land ownership optional for homebuyers
The Canberra Times
I a new approach to housing affordability low income earners moving into the Canberra housing market will have the option of renting the land on which they build their homes under a new scheme to be outlined in the upcoming ACT Budget reports Tom Skotnicki. (more…)
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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…)
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The recap of this weeks mortgage, home loan and housing news in Australia.
The top stories for the week ending 16/03/08:
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The RBA has, much as expected, raised the cash rate by .25% to 7.25%, effectively adding $50 to a monthly mortgage repayment on a $300,000 home loan. And there’s pressure on interest rates in the money markets, which the major banks haven’t much choice but to pass on, so keep watching for the possibility of more bad news…
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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…)
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In November 2007 someone came to the nation and spoke directly to the heart string that’s connected to the hip pocket of the average Australian – “working families that I talk to right across this country of ours say to me they’re under real financial pressure, from rising interest rate payments on the mortgages, from soaring rents, soaring grocery prices, petrol prices and of course the cost of child care as well.” (more…)
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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…)
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What a start the year 2008 has had with the news out of the US economy continuing to worsen being strongly reflected in the global stock markets, not excluding our own with substantial falls reducing the market to mid-late 2006 levels and a return of volatility.
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The recap of this weeks mortgage, home loan and housing news in Australia.
The top stories for the week ending 9/12/07:
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The recap of this weeks mortgage, home loan and housing news in Australia.
The top stories for the week ending 2/12/07:
Festive cheer on rates but joy can’t last
News.com.au
Karlis Salna reports on most economists tipping for rates to stay on hold at the December meeting of the RBA but be prepared for a possible rate rise in February. This story is also a reminder to not splurge this Christmas.
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Australia wakes up to a new prime minister and governance with the Rudd Labor government taking charge after strong campaigning on housing affordability, interest rates and a commitment to continue a strong economy that delivers to ‘working families’.
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