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Home Loans News

Plenty of competition in mortgages says RBA
Sunday November 22
Assistant Governor of the Reserve Bank, Guy Debelle said competition in the mortgage market would remain stiff enough to stop banks from widening their margins on loans, even though many non-bank lenders had left the business.

Get pre-approved mortgage in five minutes
Sunday November 22
Home buyers can get pre-approved for an ANZ home loan within about five minutes by filling in an online form. Pre-approval for an ANZ Loan is an estimate of your borrowing capacity only.

Low doc loans still available - but not for long
Sunday November 22
Low Doc home loans where the borrower self certifies their income and ability to repay the loan may disappear from the market when responsible lending rules are introduced next year.

Darwin records highest rental yields
Friday November 20
Rental rates appear likely to increase as interest rates increase and first home buyer activity declines according to research by rpdata.com Senior Research Analyst Cameron Kusher.

Big correction in house prices coming
Friday November 20
The great Australian dream of home ownership is slipping away leaving a major economic and social problem for future governments and the threat of a US-style collapse in home prices, according to a team of Flinders University researchers.

Mortgage stress on the rise again
Wednesday November 18
More than half a million households are currently experiencing ‘mortgage stress’ according to Fujitsu Consulting.

First home buyers need more savings
Wednesday November 18
Almost one third of first home buyers who enquire about getting a loan will be rejected because they don’t have enough savings according to a leading mortgage broker.

Melbourne auction clearances still above 70%
Wednesday November 18
Sydney’s auction results are steady this week with clearance rates and volumes broadly the same as last week.

Home renovations don’t pay off
Wednesday November 18
In the last three months many more homeowners are investigating and starting renovations to add value to their homes says buyers advocate Peter Kelaher.

St George: Bank of the year
Monday November 16
St.George reported strong customer metrics for the year ending June 2009, retaining its comfortable lead over the majors on both customer satisfaction and customer advocacy.

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