Business research and forecasting company BIS Shrapnel has released a new report stating the housing market will begin to recover within the next two years.
It’s not just the Australian property market that’s in a rut. According to the Knight Frank Global House Price Index, in the first quarter of 2011, house prices rose 1.8 percent globally, compared with 3.3 percent in the final three months of 2010. The figures represent the lowest growth since the end of 2009.
In spite of staunch objection from several non-bank lenders, the Opposition and industry associations, the government’s National Consumer Credit Protection Act ban on mortgage exit fees was passed by the Senate last week and becomes law on July 1, 2011.
Your Investment Property magazine has announced their list of the best mortgage deals now available. The research takes into account not only the comparison rate but also major costs such as deferred establishment fees, upfront and ongoing fees.
Borrowers in NSW are on average closest to suffering mortgage stress compared to those living in the other states and territories, new research has revealed.
The number of homeowners seeking to refinance their home loan to get a better deal has jumped by 5 percent in the first quarter of 2011. Refinancing now accounts for around one in every three home loans approved.
It’s a buyers’ market in Melbourne; auctions go gangbusters on the Sunshine Coast; properties are overpriced in WA, and if you’re looking to invest, units are the way to go.
Would you be willing to rent out the spare room, or live at home with the folks for longer in order to afford your own home? According to a new Mortgage Choice survey, young Australians are prepared to do both.
Home loan approvals rose by 4.8 percent in April, but the RBA warns this is not a sign the lending slump is over.
In spite of all the will-they-or-won’t-they hoopla surrounding an interest rate rise, the Reserve Bank of Australia (RBA) has once more kept the official cash rate on hold at 4.75 percent.
New research from RAMS reveals more women are applying for a home loan on their own.
The Reserve Bank of Australia has warned that first homebuyers who purchased in 2009 with the assistance of increased government grants may be the hardest hit by the impending interest rate rise.
Reduced house prices and a steady cash rate gave home buyers the confidence to borrow in April, kickstarting an otherwise stagnant 2011 mortgage market. It's the first recorded increase in the number of home loans taken out this year.
NAB took out the top spot for best mortgage in Money magazine’s home lending category in their annual Consumer Finance Awards.
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