Category Archives: Mortgages
Mortgage Arrears Continue To Fall
Mortgage arrears have fallen for the second consecutive quarter, a welcome indication that Australia’s property market is remaining solid amid global financial turmoil, but there’s some even more good news. According to the latest Fitch Ratings Dinkum Index for … Continue reading
Australians pay off mortgages at record speed
The acting CEO of Westpac, Australia’s biggest bank, has claimed that today’s homeowners are paying off their mortgages at twice the average rate for the past 30 years. Speaking in Canberra at last week’s … Continue reading
House Prices in Australia – Speech by RBA Governor Glenn Stevens
This is an edited version of a speech given by Reserve Bank Governor Glenn Stevens at the Annika Foundation Luncheon on July 24. Scaled to measures of income, Australian dwelling prices on a national basis have in fact declined and … Continue reading
Four More Interest Rate Cuts In 2012
How does a 1% interest rate cut sound to you? According to an economist from one of the country’s Big Four banks, the RBA could spring four more interest rate cuts on the Aussie public this year. But will the … Continue reading
Mortgage hunger returning for first time since 2009
Mortgage demand has seen its first increase in eight quarters, leading an analyst to predict house price recovery is not far behind. The Veda Quarterly Consumer Credit Demand Index has shown the first increase in mortgage enquiries since 2009. Enquiries … Continue reading
10 tips for maximising capital growth and yields
Property has to resonate with the heart and the mind, but when making a purchase it is fundamental to make a financial decision before making an emotional one. Unfortunately, some buyers get so excited about buying a property they … Continue reading
Mortgage arrears continue fall
Mortgage arrears have fallen for the second consecutive quarter, a welcome indication that Australia’s property market is remaining solid amid global financial turmoil, but there’s some even more good news. According to the latest Fitch Ratings Dinkum Index for the … Continue reading
We love our castles—Australian homes remain the biggest globally
The great Australian dream of home ownership is constantly evolving. Both our houses and lot sizes are generally decreasing in size, with kitchens growing in importance and outdoor living becoming more prominent for many. We’ve also seen … Continue reading
Renters paying a greater share of their take home income for housing than those with a mortgage
In this week’s RP Data Property Pulse, Cameron Kusher takes a look at the costs associated with housing based on the latest ABS 2009/10 financial year Housing & Occupancy Costs Survey results. According to Mr Kusher, one of the most … Continue reading
Implications for interest rates and investors
Lending slumps; Petrol slides and further falls likely Weekly Petrol Prices; Lending Finance; Credit & debit card statistics Petrol prices fall. According to the Australian Institute of Petroleum, the national average Australian price of unleaded petrol fell by 2.5 cents … Continue reading
