AS read in MortgageBusiness Onlilne – The central bank has announced its cash rate decision for November following its monthly board meeting. The Reserve Bank of Australia (RBA) has decided to keep the cash rate at 1.5 per cent for the 25th consecutive rate announcement (or 27 calendar months, given there is no rate announcement in […]
As read in The Aust Broker Online -Increased data sharing among lenders is helping first home buyers see the biggest boost in their perceived credit worthiness, despite also having some of the worst credit card repayment histories of all demographics. This comes from new research by Australian credit bureau Experian, which analysed 9.2 million […]
As read online -Brokers should be the first person a borrower speaks to when looking to buy a property, says the managing director of home building group Gemmill Homes. Craig Gemmill is warning that brokers and borrowers are not just facing longer processing times because of banks looking closer living expenses, but also because of […]
As read in MortgageBusiness Online -Personal finance approvals have increased against the backdrop of declining housing, commercial and lease finance approvals, according to the latest ABS data. The latest Lending Finance data from the Australian Bureau of Statistics (ABS) has revealed that personal loan approvals rose by 3.8 per cent in August, while housing, commercial and lease […]
As read in The Adviser Online – Borrower demand for fixed rates increased in September, rising off the back of out-of-cycle rate hikes from the banks, according to Mortgage Choice. The latest internal data from Mortgage Choice has revealed that demand for fixed rate home loans increased by 6 per cent month-on-month, from 18 per […]
As read in The Aust Broker Online – The reserve bank of Australia has announced its October cash rate. For the 26th month in a row the rate has been left unchanged at 1.5%. RBA Governor Philip Lowe said, “The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having […]
As read in MortgageBusiness Online – The expiry of the interest-only period is set to place 13 per cent of property investors in financial stress, according to new research. According to a survey of 820 property investors from the Property Investment Professionals of Australia (PIPA), 13 per cent of interest-only borrowers were expecting to “struggle” […]
As read in The Adviser online – Out-of-cycle rate hikes from non-major banks have not weakened demand for variable rates. However, recent pricing changes from three of the big four could prove otherwise, according to Mortgage Choice. Mortgage Choice’s latest national home loan approval data has revealed that demand for variable rate home loans increased […]
As read in Aust Broker online – A new report has revealed exactly how the different generations view financial advice and saving for home loans. The cross-generational research by ING looked closely at how each age group planned for the future and what the most important financial considerations were. The research showed that Gen Y […]
As read in MortgageBusiness Online – Over 60 per cent of Australian parents are supporting their adult children financially, according to a new study. A new survey of 2,011 Australians, conducted by comparison website finder.com.au, has revealed that 61 per cent of parents provide financial assistance to their adult children. When asked why they support […]
