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Home Loans News
Tuesday June 30
The auction clearance rate improved in Sydney this week, but on the back of low numbers of properties put up for auction.
Property sales hit new records
Tuesday June 30
A record 5,834 properties have been sold so far in Victoria during the month of June, setting a new all time record according to the real Estate Institute of Victoria.
New consumer laws good for lenders
Tuesday June 30
Lenders are breathing a sigh of relief after learning last week that they will have until January 2011 to meet the responsible lending provisions under new national consumer credit law.
No mortgage worries at NAB
Tuesday June 30
Ninety per cent of NAB mortgage customers are ahead on their mortgage repayments said chief executive Cameron Clyne yesterday.
Brokers welcome credit laws
Monday June 29
The Mortgage and Finance Association of Australia (MFAA) hailed today’s introduction of new national consumer credit laws into Federal Parliament.
Responsible Lending? Not yet.
Friday June 26
Banks and Credit Unions welcomed the federal government's announcement that responsible lending provisions of the new consumer credit laws will not come into force until January 2011.
Take care with reverse mortgages
Friday June 26
Tony D’Aloisio chairman of the ASIC and Paul Clitheroe chairman of the Australian Government Financial Literacy Board are concerned that many elderly Australians may be taking out reverse mortgages inappr
Property investors are waiting
Thursday June 25
One in four property investors are waiting for the boosted first home buyer's grant to end before they make a purchase.
Expect more rate hikes says CBA
Wednesday June 24
The Commonwealth Bank may raise interest rates on its standard variable mortgage outside of changes to official interest rates by the Reserve Bank.
Anger grows as big banks take over
Wednesday June 24
Australia's smaller banks and non-bank lenders are demanding the government scrap the guarantee over bank borrowing and replicate the UK and Canadian alternative which is a government issued AAA rated mortgage bond.
| Other News |
- Bank rip-off priced at $1,500/year Monday June 22, 10:35 PM
- Melbourne, Adelaide auctions do well Monday June 22, 10:35 PM
- Victorian property prices continue to rise Monday June 22, 10:35 PM
- NSW extends first home grants Monday June 22, 10:35 PM
- Lenders commit to hardship package Monday June 22, 10:35 PM
- RBA tells Banks: no rate rises Monday June 22, 10:35 PM
- Non-bank lenders need support to boost competition Monday June 22, 10:35 PM
- RBA says banks are setting rates Sunday June 21, 10:35 PM
- Banks do have extra costs says RBA Sunday June 21, 10:35 PM
- Banks to tighten up lending Sunday June 21, 10:35 PM
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