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SOUTH COAST HOUSING PRICES ON THE RISE

The Illawarra Mercury , 8/3/2018, reports that the South Coast housing market has defied Sydney’s falling trend in housing values. It quotes new data from Domain’s June Quarter 2018 House Price Report which indicates that house and unit prices on

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The Value of Mortgage Broking,

  The Value of Mortgage Broking, a report by Deloitte Access Economics has just been released. This report demonstrates the value that our industry brings to consumers, lenders and the Australian economy, by driving competition and delivering greater choice and

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Can I make up for bad credit with a high income and down payment?

What’s more important for a mortgage? Income or credit score? It’s not uncommon to find a mortgage applicant with great income, but not a high credit score. Do applicants with high income and large down payments still need bad credit home loans?

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Many people are considering their options in view of the Banking Royal Commission

There have been some alarming revelations about the behaviour of Australia’s Banks coming out of the Banking Royal Commission. It has shattered the myth that the big banks always put their customers first. Time and again evidence has been put

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Buyers – and sellers – beware as royal commission exposes banking’s risky business

Hearings reveal more tales of reckless lending by banks – but also show that borrowers will take huge risks to make their dreams come true  Westpac lawyers leave the Commonwealth law courts in Melbourne on Thursday, May 24, 2018. Photograph:

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The difference between median value and median price

Understanding the difference between the median sales price and the median value can provide you with useful insights into exactly what is going on in your local property market. The traditional metric is the median sales price. This is the

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Were mortgages more affordable 28 years ago?

The Property Investment Professionals of Australia (PIPA) has just released analysis arguing that mortgages are more affordable now than they were in 1990. Peter Koulizos, chairman of PIPA, said those who say property has grown less affordable with time haven’t

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Why it’s worth cutting mortgage costs via cheaper loan

Amy Mylius says monthly costs on investment loans for her town house and apartment rose by $1300 a month before refinancing.  Amy Mylius has saved more than $1000 a month in loan costs on her two investment properties by switching

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Key retail banking product happenings from the past month

Both variable and fixed Home Loan rates are trending down as providers continue to chase owner occupier borrowers. Investor rates have also been easing, even before last week’s announcement by APRA that the investor loan growth limit would be lifted for those

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Statement by Philip Lowe, Governor: Monetary Policy Decision

Date1 May 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment

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