Mortgage News Archive - November 2006

Returns reach a 17-year high

AUSTRALIA'S property markets delivered a total return of almost 16 per cent in the 12 months to the end of September - the highest in 17 years. More
November 30, 2006

Homeowners cash in with DIY sales

HOMEOWNERS hoping to get back some of the money they have lost in the property market downturn are testing a new system which allows them to sell their house without a real estate agent. More
November 30, 2006

RBA says inflation may fall

ANNUAL headline inflation could drop below two per cent by mid-2007 as the lower cost of petrol and falls in banana prices flow through to consumer prices, a central bank official said today. More
November 28, 2006

Homes under hammer to clear backlog

THE last weekend of spring saw a rush to clean up the home auction backlog across the country with about 1000 homes going under the hammer. More
November 27, 2006

Home sales bounce back

NEW home sales rose last month thanks to strong improvements in housing markets in New South Wales, Victoria and Queensland markets, figures show. More
November 27, 2006

Property backed to build wealth

RESIDENTIAL property should still be viewed as an attractive investment option, despite the higher interest rate environment, a non-bank lender says. More
November 27, 2006

Super siphon saves homes

THOUSANDS of struggling Australians are raiding retirement nest eggs to fight eviction from their homes. More
November 27, 2006

West's housing boom finally slowing down

PERTH house price growth has finally slowed as investors flood the market with listings, bringing to a close the biggest property boom in the nation's history. More
November 25, 2006

Lender defies downturn with earnings rise

AUSSIE Home Loans Group's aggressive expansion has helped bump up its annual profit despite stagnant east coast housing markets. More
November 23, 2006

Aussies go property alone

FEWER Australians are opting to buy houses with a partner even though property affordability is low, according to a survey. More
November 21, 2006

Great Australian dream on line

THE great Australian dream of home ownership may not necessarily be dashed after all. More
November 20, 2006

Mirvac says outlook remains positive

MIRVAC Group says the outlook for the construction and property firm remains positive as it repeated its earnings guidance for the full year. More
November 17, 2006

Borrowers opting for variable rate

DESPITE rising borrowing costs, Australians are opting for mortgages with variable rates rather than locking them in, a survey shows. More
November 15, 2006

Perth house prices soar 46pc

THE Australian house price index rose 2.2 per cent in the September quarter, with boom city Perth leading the gains but Sydney lagging other cities, the Australian Bureau of Statistics said today. More
November 14, 2006

NAB moots steady rates in 2007

INTEREST rates could be kept steady for all of 2007 if this year's three official rises were successful in pushing down inflation, Australia's biggest bank forecast today. More
November 14, 2006

RBA on interest rate alert

THE Reserve Bank yesterday warned that it was on high alert to lift interest rates again if the economy continued on as strong as it is. More
November 14, 2006

Home prices flat, rents up: RBA

HOUSE prices have stabilised while rents have jumped with a fall in vacancy rates across cities, the central bank said today. More
November 13, 2006

RBA to keep eye on rates

THE central bank warned today that further interest rate hikes might be needed to bring inflationary pressures under control even though the current drought will cut economic growth. More
November 13, 2006

Property bargains emerge

WHILE many in the housing market are reeling from the latest interest rate rise, those with an eye on investment property are set to benefit from falling house prices and rising rents. More
November 13, 2006

Auctions flat as rate rise bites

SYDNEY'S property market took another hit yesterday, with homes failing to reach their reserve at auction on the back of the third interest rate rise this year. More
November 12, 2006

Waterside mansion is still the homeowner's dream

LOCATION, location, location has become the new mantra of would-be homebuyers with a waterside mansion and city penthouse usurping the quarter acre block as the great Australian dream. More
November 10, 2006

Rate rise good news for investors

Pushed out of property market

HOME buyers and renters are in danger of being locked out of Australia's property market with another interest rate rise set to jeopardise housing affordability and send rents higher. More
November 8, 2006