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.
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.
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.
The major banks appear to be winning the battle for the lion’s share of Australia’s lucrative home loans market.
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.
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).
According to data released by the Real Estate Institute of Australia (REIA) Australia’s median house price has doubled since 2000.
According to economic bible, The Economist, the Australian property market is the most overvalued in the world, closely followed by Hong Kong and France.
The Real Estate Institute of Australia (REIA) has presented a submission to the
Three months down the track and the knock-on effects of Queensland's recent cyclone and flood devastation is being felt by householders and banks alike.
The Housing Industry Association (HIA) wants the federal government to introduce further stimulus measures to boost new housing starts so they don't fall back to 2009 global financial crisis levels.
It’s not just interest rates that can hurt your bottom dollar. Fees and establishment costs can make a big difference to the amount you pay for your mortgage.
With interest rates at a record low, is now the time to look at fixing your mortgage?
Mortgage applications in Australia may have hit their lowest point in eight years, but there are some indications a slow, upward climb has begun. Veda Advantage's quarterly Consumer Credit Demand Index found mortgage enquiries during the October to December 2010 quarter were up 3.4 percent compared with the September quarter.
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