Finance & Mortgage
Buying A House In Australia May Get Cheaper But Rents May Rise If Negative Gearing Law Goes
December 11 2014 12:48 PM
The current system with negative gearing may be benefitting the wealthy investors and making it difficult for first time house buyers.
Mortgage Choice CEO Sheds Light on Commission Details
November 27 2012 6:18 PM
In response to a weekend news article that claimed mortgage brokers fail to adequately disclose to customers the commissions they receive from lenders, Mortgage Choice CEO Michael Russell, one of Australia's largest independently-operated firms, seeks to set the record straight.
RP Data-Rismark: Australia Home Prices Skid in October
November 02 2012 2:18 PM
Australia home prices skid in October, giving a slight reprieve to the four-month gains, the latest RP Data-Rismark said.
New Zealand's Property Market Buoyant
October 18 2012 5:37 PM
Residential property prices in New Zealand have continued to rise in the third quarter of 2012. The national housing median price rose by 6% to NZ$371,000 (US$304,168) during the year to September 2012, according to the Real Estate Institute of New Zealand (REINZ).
Australia: Capping loan-to-value ratios for property lending urged
August 28 2012 5:14 PM
The Reserve Bank of Australia (RBA) is among the bodies to suggest that loan-to-value (LTV) ratios should be capped for property lending in Australia.
Queensland is Number 1 in Fitch Ratings Report on Mortgage Defaults
August 22 2012 9:34 AM
Among Australian states, Queensland has the most number of mortgage defaults, a report by Fitch Ratings released on Wednesday said.
Westpac Reclassifies $28.8 Billion Mortgages
January 03 2012 5:55 PM
Westpac Bank (ASX: WBC), in a filing with the Australian Stock Exchange, said that it reclassified the allocation of loan purpose between owner-occupied and investment housing to better reflect the purpose of the loan.
Australia's Home Loan Delinquencies Narrow Down --Fitch Ratings
December 13 2011 5:09 PM
Home loan delinquencies have strongly fell for the second consecutive quarter with new jobs boosting residents' ability to re-pay their home mortgages, Fitch Ratings said.
Aussie Home Buying Trend: More Rentals than Home Buyers
November 18 2011 3:48 PM
The Australia Statistics Bureau showed that during the period 2000 to 2011, renting outpaced home ownership in the country.
Home Loan Numbers Mask Weak Demand
November 10 2011 12:55 PM
Housing finance edged up in September, but a housing group has claimed the result masks weak demand for new homes.
Australia's Housing Finance Commitments Picks Up
November 10 2011 11:13 AM
Australian Bureau of Statistics (ABS) housing finance figures for September 2011 show in trend terms that the number of finance commitments increased for the fifth consecutive month; the September increase was 1.2 percent.
Uncertain Property Market, Threats of Litigation Hound Valuers
October 26 2011 4:41 PM
If valuers “get it wrong” they will often find themselves being sued by Lenders Mortgage Insurance companies who may be out of pocket after selling a property to recover funds lent on a loan that went bad.
The 10 Most Expensive Streets in The World (2011 Update)
October 24 2011 5:24 PM
This year's Financial News has listed the world's top 10 most expensive streets. From Hong Kong to Fifth Avenue residents are splashing out a jaw-dropping $78,000 a square meter for these prestigious addresses.
Housing Industry Association Seeks Interest Rate Cuts
September 28 2011 3:12 PM
The Housing Industry Association (HIA) sought on Wednesday for interest rate cuts amid weak home sales.
Property Developers Welcome NSW Stamp Duty Changes
September 06 2011 4:22 PM
Property developers have welcomed the NSW government's move to scrap stamp duty exemptions for existing homes, arguing it will help improve affordability and boost construction
No Exit: Are Loan Exit Fees a Bad Thing?
September 05 2011 10:33 PM
Mortgage exit fees have drawn a lot of discussion recently, with the Federal Government announcing its plan to legislate against them (one of a range of proposed banking reforms) and the NAB offering to reimburse the exit fees of borrowers who switch to it.
Macquarie: Aussie Brokers Urged to Focus on Business Strengths
September 05 2011 11:17 AM
Brokers should focus on what they are really good at when it comes to creating an ideal diversification mix for their business, according to Macquarie Bank.
National Mortgage Brokers Group Survives 'Decade of Change'
September 02 2011 12:38 PM
National Mortgage Brokers has predicted brokers will continue to go from strength to strength as it turned 10 yesterday.
Five tips to land a hot home loan deal
August 30 2011 12:34 PM
We’ve compiled some expert tips to help you land a hot mortgage deal that delivers on price and on features.
Little Service Difference Between Big Four
August 26 2011 1:15 PM
Banks are failing to differentiate on customer service, a survey has indicated.