Home Loan News

Rates of mortgage stress continue to rise

More than 1,035,000 Australian households are now estimated to be suffering from mortgage stress, equating to over 31% of all owner-occupied borrowing households.

By Dominic Beattie ● March 05, 2019

Less than half of renters think they’ll ever own a home: HIA

92% of current renters have aspirations of owning a home – but only 49% of them feel they will do so.

By Dominic Beattie ● March 04, 2019

Monthly housing credit growth hits lowest rate in 34 years

Australia’s property lending slowdown continued over January 2019, with housing credit growing by the slowest monthly rate since 1984.

By Dominic Beattie ● February 28, 2019

ASIC to receive real-time home loan data

In a bid to crack down on excessive and risky home loans being sold, ASIC is seeking to implement a new system of real-time mortgage data collection.

By William Jolly ● February 28, 2019

Construction sector suffers further falls in December quarter

Australia’s construction sector has continued to decline, with total construction falling over the three months to December 2018.

By David Lammey ● February 27, 2019

Banks could be hit with $640 million levy to support victims of misconduct

Labor leader Bill Shorten will announce a $640 million levy on Australia’s large banks and financial institutions, aimed at supporting those ripped off by the financial sector.

By David Lammey ● February 25, 2019

Lenders should pay flat 1.1% fee to mortgage brokers: Labor

Labor has backflipped on intentions for implementing the ‘borrower pays’ approach to mortgage broker commissions.

By William Jolly ● February 22, 2019

Auction clearance rates fall year-on-year: CoreLogic

CoreLogic’s latest auction statistics show that 55.2% of properties were cleared this past week across Australia from 1,444 auctions.

By William Jolly ● February 18, 2019

First Home Super Saver Scheme could be phased out

Australians may soon lose the ability to save for a deposit on a first home through their super fund, should the Labor Party win the next federal election.

By Dominic Beattie ● February 18, 2019

Cost of living a key concern for Aussie millennials

A new report has revealed that for many Australian millennials, ‘the cost of living’ is considered to be the most important issue ahead of the upcoming federal election.

By Dominic Beattie ● February 15, 2019

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