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Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Head of Public Relations

Luxury home market slumps

New data from The RP Data-Rismark home value index for April reveals that luxury homes in Australia’s most expensive suburbs lost 5.4 percent of their value over the last year, while homes in less expensive areas largely held steady, dropping by just 0.9 percent. Homes in the cheapest suburbs also maintained their value, falling by only 0.5 percent.

Home Loans

09 Jun, 2011

2 min read

Luxury home market slumps
Laine Gordon

Head of Public Relations

Bank customer satisfaction How did your bank fare?

According to Roy Morgan’s Bank Customer Satisfaction Report, the major banks saw an increase of 0.1 percent to 72.9 percent in overall customer approval ratings in the March to April period.

Home Loans

04 Jun, 2011

2 min read

Bank customer satisfaction How did your bank fare?
Laine Gordon

Head of Public Relations

Homeowners stick with variable rates

Homeowners remain largely unconcerned about the threat of an interest rate rise and are not rushing to fix their variable rate mortgages.

Home Loans

01 Jun, 2011

2 min read

Homeowners stick with variable rates
Laine Gordon

Head of Public Relations

NAB launches online mortgages

In its continued assault on the mortgage market, NAB has announced a foray into the online sector. The nation’s biggest home loan lender will use its internet banking channel UBank to offer borrowers heavily discounted mortgages.

Home Loans

30 May, 2011

2 min read

NAB launches online mortgages
Laine Gordon

Head of Public Relations

NSW housing affordability policy abandoned

Planning Minister Brad Hazzard has put a stop to a policy introduced by the previous government allowing construction of medium density developments that did not meet local planning laws, providing 20 percent of the dwellings were allocated for rent at below market rate for 10 years.

Home Loans

28 May, 2011

2 min read

NSW housing affordability policy abandoned
Laine Gordon

Head of Public Relations

New buyers not bothered by interest rate rises

Rising living costs and housing affordability pose a greater barrier to home ownership than the fear of interest rate rises, a new Loan Market survey has found.

Home Loans

24 May, 2011

2 min read

New buyers not bothered by interest rate rises
Laine Gordon

Head of Public Relations

The Big Four clean up with mortgage market share

The major banks appear to be winning the battle for the lion’s share of Australia’s lucrative home loans market.

Home Loans

23 May, 2011

2 min read

The Big Four clean up with mortgage market share
Laine Gordon

Head of Public Relations

Repayment pressure as mortgage defaults increase

Both the Commonwealth Bank and Westpac have reported an increase in customers unable to meet their mortgage payments as living costs and utility bills soar. And the problem is likely to get worse before it gets better.

Home Loans

20 May, 2011

2 min read

Repayment pressure as mortgage defaults increase
Laine Gordon

Head of Public Relations

2011 Budget overlooks housing affordability

Treasurer Wayne Swan’s 2011-12 federal budget failed to provide solutions to Australia’s housing affordability crisis, according to the Real Estate Institute of Australia (REIA).

Home Loans

16 May, 2011

2 min read

2011 Budget overlooks housing affordability
Laine Gordon

Head of Public Relations

House prices double in the last decade

According to data released by the Real Estate Institute of Australia (REIA) Australia’s median house price has doubled since 2000.

Home Loans

19 Apr, 2011

2 min read

House prices double in the last decade
Laine Gordon

Head of Public Relations

Solutions to housing affordability

The Real Estate Institute of Australia (REIA) has presented a submission to the

Home Loans

18 Apr, 2011

2 min read

Solutions to housing affordability
Laine Gordon

Head of Public Relations

Is Australian property the most overvalued in the world?

According to economic bible, The Economist, the Australian property market is the most overvalued in the world, closely followed by Hong Kong and France.

Home Loans

18 Apr, 2011

2 min read

Is Australian property the most overvalued in the world?