Mortgage News Archive - January 2007
Higher rates quell borrowing
THE rate of growth in lending to Australians has slowed to its lowest level in a year and a half as higher interest rates make borrowing more expensive. More
January 31, 2007
Home sales bounce off lows
SALES of new homes inched up at the end of last year, but the results were not strong enough to relieve a worried building sector. More
January 31, 2007
Interest rate cut tipped
PROSPECTS for an interest rate cut by the end of the year are firming, as economists predict the Reserve Bank will shed its strong tightening bias. More
January 30, 2007
Investors selling out of property
TAX advantages under the Government's new superannuation laws are encouraging some property investors to sell-up and boost their super. More
January 25, 2007
Hope for home owners
HOMEOWNERS can look forward to an extended honeymoon on interest rates after recent lower petrol bowser prices drove inflation down. More
January 25, 2007
Inflation news eases rate pressure
HOMEOWNERS should be able to breathe a sigh of relief after today's inflation figures made an increase in interest rates in two weeks less likely. More
January 24, 2007
All talk on CPI, interest rates
ANZ chief John McFarlane believes there's no "compelling reason" for the Reserve Bank of Australia board to raise official interest rates. More
January 24, 2007
Housing is 'least affordable'
AUSTRALIA is experiencing a housing affordability crisis unprecedented in recent times and far worse than that facing other leading Western countries. More
January 23, 2007
Cut property taxes, states told
THE federal Government is urging states to cut property taxes to ease the pain for first home buyers. More
January 22, 2007
House cost nearly worst in world
HOUSING affordability in Australia is among the worst in the world, the Residential Development Council said. More
January 22, 2007
States slammed on affordability
THE Federal Government has urged the states to cut "excessive" stamp duties on conveyancing and to release new land for development. More
January 22, 2007
Housing affordability hits low
ANALYSTS have ruled out a housing recovery this year as figures reveal that Perth has overtaken Sydney as the least affordable city for first-home buyers. More
January 22, 2007
Rates may hit 10-yr plus high
IT IS make or break time on whether there will be another interest rate rise. More
January 22, 2007
Inflation could trigger rate rise
THE Coalition's confidence of riding into this year's election on falling or at least stable interest rates is being shaken, with economists warning next week's inflation figures could trigger another rise. More
January 19, 2007
Housing uncertainty reigns
AUSTRALIANS appear to be somewhat confused about the direction of house prices, with mixed economic data jumbling expectations on whether they will rise or fall in 2007. More
January 18, 2007
Higher rates slam home values
HIGHER interest rates are forcing people selling their homes to drop their prices while a rising number of home owners say their mortgage is worth more than their home. More
January 18, 2007
Big four banks lift fixed rates
OUR big banks have given their strongest indication that they anticipate interest rates will rise, with the big four increasing their fixed rates. More
January 18, 2007
Strong growth to push up rates
THE economy is expected to power ahead over the next nine months helped by strong consumer spending and people working longer hours, a report shows. More
January 17, 2007
WA house prices could fall 20pc
WESTERN Australia's property bubble has been pricked and prices could drop as far as 20 per cent as home buyers flee the market. More
January 16, 2007
Housing loans fall in November
INFLATION continues to climb despite three rate hikes last year, with higher fuel, meat and computer prices adding to pressure for the central bank to raise rates again. More
January 15, 2007
Property prices finally hit the skids
THE brakes have been applied to the runaway property market in Perth. More
January 15, 2007
Rates doubt spur home fears
THIS year is shaping up as one to fear for homebuyers according to a flood of new polling on household finances. More
January 14, 2007
Rate hike likely after jobs data
AUSTRALIA'S employment figures jumped far more than expected in December, giving those calling for another central bank rate hike plenty of fresh ammunition. More
January 12, 2007
'Hold onto property' in 2007
UNCERTAINTY over interest rates could make 2007 a year to hold onto residential property in Australia, an online survey has found. More
January 10, 2007
Last rate hike still hurts building
THE last interest rate hike in November continues to cast a shadow over our $100-billion-a-year construction industry, despite a strong performance by the sector towards the end of 2006. More
January 9, 2007
Building activity ends 2006 on a high
ACTIVITY in Australia's construction sector rose in December as companies rushed to meet end-of-year deadlines, a survey showed. More
January 8, 2007
Rise in building approvals: ABS
HOME building approvals in November partly recovered the sharp fall in the previous month with demand for housing underpinned by a strong labour market, and despite higher interest rates. More
January 8, 2007
Rate fears hit property market
INTEREST rate fears have driven down home lending by 30 per cent, while also shrinking the average size of mortgages, latest figures show. More
January 4, 2007
Homeowners fear rate increase
A THIRD of NSW homeowners claim they would not be able to cope financially with another interest rate rise, according to the first ever study of the impact of successive rate rises. More
January 4, 2007