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The latest home loans mortgage news and tips

Laine Gordon

Money Editor

Global housing markets falter

It’s not just the Australian property market that’s in a rut. According to the Knight Frank Global House Price Index, in the first quarter of 2011, house prices rose 1.8 percent globally, compared with 3.3 percent in the final three months of 2010. The figures represent the lowest growth since the end of 2009.

Home Loans

29 Jun, 2011

2 min read

Laine Gordon

Money Editor

Exit fee ban now official despite non-bank objection

In spite of staunch objection from several non-bank lenders, the Opposition and industry associations, the government’s National Consumer Credit Protection Act ban on mortgage exit fees was passed by the Senate last week and becomes law on July 1, 2011.

Home Loans

27 Jun, 2011

2 min read

Exit fee ban now official despite non bank objection

Laine Gordon

Money Editor

Australia's best value home loans

Your Investment Property magazine has announced their list of the best mortgage deals now available. The research takes into account not only the comparison rate but also major costs such as deferred establishment fees, upfront and ongoing fees.

Home Loans

18 Jun, 2011

2 min read

Laine Gordon

Money Editor

NSW under most mortgage stress

Borrowers in NSW are on average closest to suffering mortgage stress compared to those living in the other states and territories, new research has revealed.

Home Loans

17 Jun, 2011

3 min read

Laine Gordon

Money Editor

Refinancing packages account for one in three home loans

The number of homeowners seeking to refinance their home loan to get a better deal has jumped by 5 percent in the first quarter of 2011. Refinancing now accounts for around one in every three home loans approved.

Home Loans

16 Jun, 2011

2 min read

Refinancing packages account for one in three home loans

Laine Gordon

Money Editor

Nationwide property round up

It’s a buyers’ market in Melbourne; auctions go gangbusters on the Sunshine Coast; properties are overpriced in WA, and if you’re looking to invest, units are the way to go.

Home Loans

15 Jun, 2011

2 min read

Laine Gordon

Money Editor

First homebuyers happy to take in boarders to pay the mortgage

Would you be willing to rent out the spare room, or live at home with the folks for longer in order to afford your own home? According to a new Mortgage Choice survey, young Australians are prepared to do both.

Home Loans

14 Jun, 2011

2 min read

First homebuyers happy to take in boarders to pay the mortgage

Laine Gordon

Money Editor

Home loan approval figures improve in April

Home loan approvals rose by 4.8 percent in April, but the RBA warns this is not a sign the lending slump is over.

Home Loans

14 Jun, 2011

2 min read

Home loan approval figures improve in April

Laine Gordon

Money Editor

RBA keeps interest rates steady

In spite of all the will-they-or-won’t-they hoopla surrounding an interest rate rise, the Reserve Bank of Australia (RBA) has once more kept the official cash rate on hold at 4.75 percent.

Home Loans

12 Jun, 2011

2 min read

Laine Gordon

Money Editor

Women waiting for the right mortgage

New research from RAMS reveals more women are applying for a home loan on their own.

Home Loans

11 Jun, 2011

2 min read

Laine Gordon

Money Editor

First homebuyers will be hardest hit by interest rate rise

The Reserve Bank of Australia has warned that first homebuyers who purchased in 2009 with the assistance of increased government grants may be the hardest hit by the impending interest rate rise.

Home Loans

10 Jun, 2011

2 min read

First homebuyers will be hardest hit by interest rate rise

Laine Gordon

Money Editor

Refinancers kickstart flailing mortgage market

Reduced house prices and a steady cash rate gave home buyers the confidence to borrow in April, kickstarting an otherwise stagnant 2011 mortgage market. It's the first recorded increase in the number of home loans taken out this year.

Home Loans

10 Jun, 2011

4 min read