Mortgage News Archive - December 2006
Real estate opportunities for the prudent and well-advised
NEXT year will see many challenges faced by the mortgage industry, property buyers and owners. More
December 29, 2006
Property gains to be capped
AUSTRALIA'S love affair with property is likely to continue next year, however, higher interest rates will create a soft patch for the market in early 2007. More
December 28, 2006
Housing rental 'bedlam' realised
FEARS of "absolute bedlam" in the rental housing market are becoming a reality as vacancy rates drop and demand peaks. More
December 27, 2006
NAB boss predicts steady rates
NAB boss John Stewart is predicting a halt to interest rate rises next year and he says the bank's record profitability comes with higher customer satisfaction. More
December 21, 2006
First-home buyers return
THE property market is preparing for an influx of first-home buyers, in a sign the beleaguered residential sector is slowly recovering. More
December 21, 2006
Hefty rent increases put the squeeze on families
WELFARE and housing groups are demanding limits on how much - or at least how often - landlords can increase rents. More
December 19, 2006
New home sales fall - HIA report
NEW home sales fell in November as interest rates rose for the third time this year, new figures show. More
December 18, 2006
Upturn yet to fully hit home
A MODEST recovery in housing starts could be the start of an upturn in the market, but the lack of new apartments and townhouses being built is a drag. More
December 15, 2006
Homeowners can handle debt
AUSTRALIAN homeowners could cope with higher interest rates and a downturn in the economy, the nation's top banker forecast last night. More
December 13, 2006
Rates put bite on vacancies
THE number of vacant apartments and houses has shrunk as higher interest rates curb the supply of new housing, a report shows. More
December 11, 2006
DIY spending climbs on rates hikes
SPENDING on renovations rose 5 per cent to its highest level in two years during the September quarter. More
December 11, 2006
Mortgage funds carrying too much risk
MORTGAGES are not only causing property buyers pain but investors in mortgage securities are also under the hammer. More
December 11, 2006
Mortgage data 'shows recovery way off'
HOUSING finance was barely changed in October, showing neither any significant weakness or strength in the market. More
December 8, 2006
House prices drop by $20,000 in Melbourne
HOUSES in Melbourne had $20,000 wiped off their value between July and September, new figures show. More
December 8, 2006
Exodus slows as prices rise
FAMILIES fed up with Sydney's high cost of living are arriving in southeast Queensland in their thousands. More
December 8, 2006
Housing stress: most are suffering
MOST of Australia is officially in "housing stress", with more than a third of family income required to service the average home loan. More
December 7, 2006
Homebuyers spared rate rise
THE Reserve Bank has left the official interest rate on hold at 6.25 per cent, giving homebuyers some relief after three increases this year. More
December 6, 2006
Building approvals 'to rise'
AUSTRALIA'S building approvals are expected to rise in coming months, despite a seven per cent fall in October, economists said today. More
December 4, 2006
Building approvals fall 7.4pc
AUSTRALIAN building approvals fell 7.4 per cent to 12,214 units in October, seasonally adjusted, from an downwardly revised 13,193 units in September, the Australian Bureau of Statistics said. More
December 4, 2006