As read in Mortgagebusiness online – Home loan demand has dropped for the fifth consecutive month, driven by a continual fall in investor lending activity, new ABS data has revealed. According to the latest Housing Finance and Lending Finance data from the Australian Bureau of Statistics (ABS), the total value of dwelling commitments fell by 0.2 of a percentage point in […]
As read in The Adviser online -The Reserve Bank of Australia has today announced the official cash rate for June following its monthly board meeting. The RBA board has again decided to keep the cash rate at a record low of 1.50 per cent, in a move predicted by most industry pundits. The decision once again […]
As read online – The ratings agency has warned that a further tightening in lending standards could limit borrowers’ ability to reduce financial stress by refinancing their home loan. In its RMBS Arrears Statistics: Australia report, Standard & Poor’s (S&P) noted that it expects lending standards to tighten further in the wake of the Royal Commission into […]
As read in the Aust Broker Online – Around 95% of first home buyers are potentially delaying or missing the opportunity to get into the property market by not including a guarantor on their home loan. According to research from Mortgage Choice and CoreDate, only 4.9% of first home buyers said they used a guarantor to purchase […]
As read in The Adviser Online -First home buyers will be the largest contingent of borrowers taking out a mortgage in the next year, new research has suggested. Nearly a third (30 per cent) of consumers taking out a home loan in the next year will be first home buyers (FHBs), according to an Aussie Home […]
As read in MortgageBusiness online – The Budget 2018–19 has been released, with the Treasurer announcing a range of changes, tax cuts and new initiatives for the year ahead. The Honourable Scott Morrison MP, Treasurer of the Commonwealth of Australia, released the Budget 2018–19 on Tuesday evening (8 May), outlining the measures that the Turnbull government will take […]
As read in Aust Broker Online – People are renovating over buying a new home as the cost of moving becomes too much, according to renovators and property experts. Reasons for this are being blamed on stamp duty and the current housing market conditions. Renovation expert Dr Naomi Findlay said she expects a renovation boom […]
As read in The Adviser online – Australians are increasingly seeking expertise from mortgage brokers when purchasing a property, new research has revealed. According to joint research from Mortgage Choice and CoreData published in their Evolving Great Australian Dream 2018 whitepaper, 28.2 per cent of Australians visited a mortgage broker when purchasing a home or investment property, […]
As read in mortgagebusiness online – The eighth and final report looking at the Banking Reform Program has been released, calling that a “stronger focus on customers and their individual circumstances needs to become an integral part of the way the banks do business”. The final report from “independent governance expert” and former auditor-general Ian McPhee AO outlines […]
As read in the Aust Broker Online – Tens of thousands of people are expected to pass through the doors of the largest property expo ever seen in Australia. The Australian Property Expo is to be held in Sydney next month (May). It will host more than 100 exhibitors and offer property buyers and investors […]
