Median house prices in every city except Canberra have dropped since last year. Some borrowers may now have mortgages which outweigh their property’s value. Borrowers still have options available.
Refinancers could be in for a nasty shock
Singles priced out of the property market Australia wide
Only two of Australia’s eight capital cities have a median house price that can be afforded by an average single income, new analysis by Australia’s leading financial comparison website, RateCity.com.au, shows.
Banks rake in $4.33 billion in avoidable fees
Australians forked out $4.33 billion in bank fees last year; cash that they could be keeping in their own pockets.
RBA stalls, yet home loan rates continue to drop
The RBA may have left the cash rate unchanged at 1.50 per cent at today’s Board meeting, but home loan rates continue to drop with close to 200 cuts in the past month.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.