Home Loan News

Dodgy broker "motivated by greed" sentenced to 5 years' jail

Mr Najam Shah has been sentenced to five-years’ jail after pleading guilty to one charge of conspiring to defraud financial institutions in Australia's biggest ever home loan scam.

More owner occupiers sell at a profit than investors

Australia’s housing market continues to make money for owner occupiers and investors, with 9 out of 10 resold properties making a profit in the June 2017 quarter.

First home buyers in Sydney need almost $200K income to avoid mortgage stress

New research has revealed the true extent of the housing affordability crisis and concern about the debt levels being carried by those who have recently purchased a home in Australia’s most expensive real estate markets.

New home sales not enough to reverse downward trend

Sales of new homes increased over August according to the Housing Industry Association (HIA), though this was not enough to undo the slowdown seen across the nation this year.

Dwelling approval figures back up RBA on rates

Figures from the Australian Bureau of Statistics (ABS) show that dwelling approvals rose in August 2017. According to the Housing Industry Association (HIA), these figures support the recent decision by the Reserve Bank of Australia (RBA) to keep rates on hold for the fourteenth consecutive month.

Mortgagees could save $50k by refinancing

Following another RBA decision to keep the cash rate on hold, RateCity research has revealed the average mortgage holder could save tens of thousands by refinancing.

RBA cash rate unchanged at 1.5%

The Reserve Bank of Australia (RBA) has kept the official cash rate unchanged at an historical low of 1.5 per cent, for the 14th month in a row.

Hot Hobart outpacing sluggish Sydney in property stakes

Sydney property prices have gone backwards for the first time in 17 months, according to new data from CoreLogic.

Still no compelling reason for RBA to change rates

The Reserve Bank of Australia will almost certainly leave the cash rate unchanged today, according to an analysis of the key economic indicators.

One in six borrowers facing mortgage stress

The latest Roy Morgan research has found that mortgage stress has increased to 17.3 per cent of borrowers in July, despite interest rates dropping in this period.

Could you be better off renting than buying in Perth?

A new index for the Real Estate Institute of Western Australia (REIWA) has crunched the numbers around renting versus buying in Perth, and calculated the rate of annual value growth that would be required to make buying the more financially viable option.

Housing affordability problem gets new solution