As read in the Australian Broker Online -The demand for fixed rate mortgages has moved upwards to its highest level in more than three years, according to new research. The latest national home loan approval data from Mortgage Choicefound that fixed rate home loans made up 29.63% of all loans written throughout July. “This is the […]
As read in The Aust Broker Online – Greater numbers of home buyers are preparing for mortgage rates to increase over the next 12 months with 61% believing that rate hikes are imminent. These figures come from the latest bi-annual HomeStart Finance Indexwhich measured home buyer sentiment amongst more than 200 people. The research also found […]
As read in MortgageBusiness online – A new research has revealed that nearly a third of Australians are planning to save their tax rebates this year, with 1 in 10 putting it towards mortgage repayments. In a survey of 2,005 people, undertaken by comparison website finder.com.au, more than three-quarters (77 per cent) believed they would […]
As read in MortgageBusiness online – Individual investors with residential investment properties will no longer be able to deduct travel expenses, including travel costs associated with inspecting and maintaining properties, the government has confirmed. The Turnbull government has released draft legislation for the housing affordability and tax integrity measures announced in the 2017/18 budget. The […]
As read in the Aust Broker Online -Rate cuts by multiple Australian lenders have enticed more borrowers into this type of home loan, new research from Mortgage Choice has found. Looking at the latest national home loan approval data, the mortgage franchise found that variable rate home loans accounted for just over 75% of all mortgages written […]
Economics has said that banks “know no one likes them” but would be subject to a huge As read in Mortgagbusiness OnlineThe head of the economics unit at BIS Oxford backlash if they continue to increase standard variable rates out of cycle. Richard Robinson told Mortgage Business that the central bank “doesn’t need to be in […]
As read in The Adviser online – With the new financial year approaching soon, it’s important that owners pay off home loans sooner rather than later. MoneyQuest, a national mortgage broking franchise, gives five tips on how owners can pay off home loans and save some money as well. Combine pay day and repayments According […]
As read in MortgageBusiness Online – The RBA is more likely to cut the official interest rate than introduce a hike over the next 12 months, according to a leading economist. AMP Capital chief economist Shane Oliver has flagged the “risk” of a rate cut in the next year, rather than an increase to the […]
As read in the Australian Broker Online – The average age of the Australian first home buyer (FHB) has remained stable for the past two decades despite reaching an annual property price growth of 7.7% per year. A new paper from the Commonwealth Bank of Australia (CBA), CommBank Connected Future Report, found that buyers generally entered […]
As read in The Adviser online -The recent rate and policy changes by lenders has made the mortgage market “more complicated and confusing than ever before”, the CEO of mortgage broking firm Mortgage Choice has said. CEO John Flavell made the pronouncement following the release of the company’s research, which found that more than one […]
