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Home Loan News

The latest home loans mortgage news and tips

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

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

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

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

Laine Gordon

Money Editor

The Big Four clean up with mortgage market share

The major banks appear to be winning the battle for the lion’s share of Australia’s lucrative home loans market.

Home Loans

23 May, 2011

2 min read

The Big Four clean up with mortgage market share

Laine Gordon

Money Editor

Repayment pressure as mortgage defaults increase

Both the Commonwealth Bank and Westpac have reported an increase in customers unable to meet their mortgage payments as living costs and utility bills soar. And the problem is likely to get worse before it gets better.

Home Loans

19 May, 2011

2 min read

Repayment pressure as mortgage defaults increase

Laine Gordon

Money Editor

2011 Budget overlooks housing affordability

Treasurer Wayne Swan’s 2011-12 federal budget failed to provide solutions to Australia’s housing affordability crisis, according to the Real Estate Institute of Australia (REIA).

Home Loans

16 May, 2011

2 min read