Home Loans - Page 43
NSW Premier Announces Stamp Duty Concessions For First Home Buyers
NSW Premier Gladys Berejiklian has announced that first home buyers in the state will be provided with stamp duty concessions that could save them up to $34,360.
Five-Step Guide To Owning Your First Home
CANSTAR's guide on how to buy a house covers everything from doing your sums on what you can afford to researching an area, to what happens after settlement.
Why Property Markets Slowed Over April
In the latest report from CoreLogic, data shows a dip in the housing market – does this indicate the start of a price slide?
S&P Hits 23 Aussie Banks With Credit Rating Downgrades
Global credit ratings agency Standard & Poor's (S&P) have downgraded the credit ratings of 23 Australian financial institutions due to concerns over house price growth and a potential housing correction.
Guide To The 2017 Federal Budget: What To Expect
Scott Morrison is set to reveal his government's Budget tonight and while much of it is a mystery, here's what we know will probably be in it.
The Latest Housing Market Worries
Consumers interested in investing in the housing market have been hit with a wave of bad news recently, hearing about everything from a housing slump, to mortgage stress, to city house prices slowing.
Low Wage Growth Sees Banks Tighten Lending
Low wage growth and increasing pressure by regulatory authorities to curb household debt, is likely to see banks tighten their lending capacity to consumers in order to remain profitable. Following ANZ’s disappointing interim profit result for investors, ANZ Chief Executive Shayne Elliot has warned that Australia’s low wage growth – currently only 1.9% (ABS) – is an obstacle to the bank handing out loans. Mr Elliot says this level of wage growth, coupled with the current growth in investment housing loans of more than 6%, is “not desirable or sustainable”. Banks are also currently facing lending restrictions from the Australian Prudential … Continued
Housing Affordability Worsens For Renters & Home Buyers
Housing affordability has deteriorated across the past year to the end of March, according to analysts from Moody’s and Anglicare Australia. Based on the results of the recent report RMBS – Australia: Housing Affordability Worsening Amid Rising Property Prices, Moody’s Investors Service has given a negative credit rating to Australian residential mortgage backed securities. This negative credit rating was given due to the rise of house prices outstripping the effects of lower interest rates, combined with moderate income growth. This report focused solely on the nation’s five largest capital cities, and Moody’s Senior Analyst Alena Chen says that the news is … Continued
Beware: Home Loan Rates On The Rise
Several of Australia’s major banks have increased their home loan interest rates by up to 0.5%, despite no movement in the cash rate.
Labor Unveils Housing Affordability Plan
The Federal Opposition has seized the initiative on the housing debate by pre-emptively revealing their housing affordability plan ahead of the May budget.
Latest Rental Price Movements Across Australia
The bad news continues for those struggling to break into the property market, with rental prices increasing across the majority of states, according to Domain.
I'm Not an Australian Resident – Can I Still Buy a House?
There are countless people who visit Australia often enough that it's like a second home. So can non-permanent residents buy property in Australia?
Australia Ranks As Second-Worst Country For Millennial Home Ownership
In a report released by HSBC, Australia has ranked in second-last across nine countries surveyed about housing ownership across millennials.
Australia’s Property Problem: Is There A Simple Solution?
The Treasurer has backed moves from the banking regulator APRA to tighten property lending, but is resisting calls to adjust negative gearing and capital gains tax.
Innovation Excellence Awards 2017: Rural Bank Farm Management Deposit (FMD) Offset Account
Introducing the new FMD Offset Account from Rural Bank, winner of a 2017 CANSTAR Innovation Excellence Award. For the first time, farmers in Australia can now offset the interest on their business loan using their farm management deposit (FMD), with an FMD Offset Account from Rural Bank. We are pleased to congratulate Rural Bank on this innovative product, which has won a 2017 CANSTAR Innovation Excellence Award. Legislative amendments that applied from 1 July 2016 onwards have removed the law that prevents an FMD from being used as an offset account against a primary production business debt (a farmer’s agribusiness loan). … Continued
Australia's Property Prices See Fastest Growth Rate Since 2010
It looks like the country’s property boom isn’t slowing down any time soon, with capital city prices growing by 12.9% over the past year, according to CoreLogic. It’s the highest annual rate of growth for capital city house prices since 2010, with Sydney, Melbourne, Hobart, and Canberra’s annual growth rates of over 10% more than compensating for Perth and Darwin’s price decreases. Sydney in particular posted a 5% increase over the first three months of 2017, but also an annual house price increase of 18.9% over the past year, representing its largest annual increase since 2002. In addition, Melbourne saw a … Continued
APRA Restricts Interest-Only Residential Mortgage Lending
The Australian Prudential Regulation Authority (APRA) today announced its intentions of creating more supervisory measures to ensure sound residential mortgage lending practices.
25 Best & Worst Performing Australian Areas For Property
Corelogic has revealed the areas in Australia that have over- and under-performed over the 20 years to December 2016.
What Are The Best House Hunting Websites On The Market?
Buying a property is a BIG decision. When it comes to searching for a house to buy, there are many different options to choose from.
Super For Home Deposit Idea: REIA Applauds, Keating Slams
The Real Estate Institute of Australia (REIA) has backed the idea of giving young Australians early access to their super accounts for home loan deposits.
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This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.