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Home Loan News

The latest home loans mortgage news and tips

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

RBA keeps interest rates steady
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

Women waiting for the right mortgage
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

Refinancers kickstart flailing mortgage market
Laine Gordon

Money Editor

NAB wins Money magazine 2011 Home Lender of the Year award

NAB took out the top spot for best mortgage in Money magazine’s home lending category in their annual Consumer Finance Awards.

Home Loans

09 Jun, 2011

2 min read

NAB wins Money magazine 2011 Home Lender of the Year award
Laine Gordon

Money Editor

Luxury home market slumps

New data from The RP Data-Rismark home value index for April reveals that luxury homes in Australia’s most expensive suburbs lost 5.4 percent of their value over the last year, while homes in less expensive areas largely held steady, dropping by just 0.9 percent. Homes in the cheapest suburbs also maintained their value, falling by only 0.5 percent.

Home Loans

08 Jun, 2011

2 min read

Luxury home market slumps
Laine Gordon

Money Editor

Bank customer satisfaction: How did your bank fare?

According to Roy Morgan’s Bank Customer Satisfaction Report, the major banks saw an increase of 0.1 percent to 72.9 percent in overall customer approval ratings in the March to April period.

Home Loans

03 Jun, 2011

2 min read

Bank customer satisfaction How did your bank fare?
Laine Gordon

Money Editor

Homeowners stick with variable rates

Homeowners remain largely unconcerned about the threat of an interest rate rise and are not rushing to fix their variable rate mortgages.

Home Loans

31 May, 2011

2 min read

Homeowners stick with variable rates
Laine Gordon

Money Editor

NAB launches online mortgages

In its continued assault on the mortgage market, NAB has announced a foray into the online sector. The nation’s biggest home loan lender will use its internet banking channel UBank to offer borrowers heavily discounted mortgages.

Home Loans

29 May, 2011

2 min read

NAB launches online mortgages
Laine Gordon

Money Editor

NSW housing affordability policy abandoned

Planning Minister Brad Hazzard has put a stop to a policy introduced by the previous government allowing construction of medium density developments that did not meet local planning laws, providing 20 percent of the dwellings were allocated for rent at below market rate for 10 years.

Home Loans

27 May, 2011

2 min read

NSW housing affordability policy abandoned
Laine Gordon

Money Editor

New buyers not bothered by interest rate rises

Rising living costs and housing affordability pose a greater barrier to home ownership than the fear of interest rate rises, a new Loan Market survey has found.

Home Loans

24 May, 2011

2 min read

New buyers not bothered by interest rate rises