Greater Bank has cut its fixed mortgage rates for owner-occupiers and investors by up to 20 basis points.
Data released by APRA today has confirmed banks are demanding bigger deposits from new buyers as part of their serviceability crack-down.
Australia’s biggest banks are deliberately confusing home loan customers and costing them hundreds of dollars per year, according to the competition regulator.
Property rental rates increased in most of Australia’s eight capital cities over the past year, according to new data from SQM Research.
Australia’s housing affordability has shown recent improvement, though that doesn’t mean things are easier for first home buyers, according to the Real Estate Institute of Australia (REIA).
Mortgage customers are most satisfied when they obtain their loan directly from a bank branch, recording a satisfaction rating of 78.7 per cent according to Roy Morgan data.
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