Mortgage News Archive - February 2007
Aussies splurge on debt
AUSTRALIANS are splurging on debt with credit figures showing robust growth despite higher interest rates, indicating the housing sector is not in a "black hole". More
February 28, 2007
Home units not selling - report
HOME unit sales have more than halved in NSW over the past four years, with only 30,184 units sold last year compared to 63,610 in 2002. More
February 27, 2007
New home sales rebound
NEW home sales across the country have rebounded from their dramatic slide of late 2006 due to higher interest rates. More
February 27, 2007
Real estate agents face fines, expulsion
VICTORIAN real estate agents who take advantage of the state's tight rental market face fines and possible expulsion from their industry group. More
February 27, 2007
Punting on house prices
A NEW over-the-counter market will allow institutional and retail investors to punt on the direction of property prices using derivatives. More
February 27, 2007
Boom benefits all houses
WHEN Kelly Robbins bought into Inala everyone thought she was crazy. More
February 27, 2007
Meet the homeless generation
PROPERTY experts have offered a bleak picture for Australia's youth, with only one in 14 believing members of Generation Y will ever be able to buy their own home. More
February 26, 2007
No land shortage, blame taxes
MORE than 150,000 housing lots are available for development in the nation's three biggest cities, refuting the Howard Government's claims of a land shortage. More
February 26, 2007
Property council warns of rent rises
RENTERS could be paying up to $40 more a week after new land valuations are released on Monday, the Property Council of Australia has warned. More
February 24, 2007
QLD property owners face rates increase
PROPERTY owners in Queensland could be hit with rises of up to 160 per cent in land valuations and subsequent increases in council rates. More
February 23, 2007
House prices 'to remain steady'
HOUSE hunters in Sydney can take their time shopping for their new home as prices are expected to stay steady this year, mortgage brokers were told this week. More
February 23, 2007
Rent subsidies attacked
AUSTRALIA'S biggest apartment owner, Harry Triguboff, has warned against government subsidies to help tenants facing crippling rents. More
February 22, 2007
Rising costs change student lifestyles
IT was almost a rite of passage: half a dozen university students paying low rent for a rambling old house where they learned much more about life than in the lecture theatre. More
February 21, 2007
Howard considers rental assistance
THE Federal Government is considering assistance for people struggling with the rising cost of renting homes. More
February 20, 2007
Rents to jump for years
SYDNEY'S rental crisis is set to worsen and sharp rises in rents will continue for at least four years as the city's housing supply shrinks, a report warns. More
February 19, 2007
House price records to soar
THE prestige property market is so hot the next time Australia's house price record is broken it could be doubled. More
February 19, 2007
Planners reject reverse mortgage blast
FINANCIAL planners have come under fire for pushing products such as reverse mortgages for commissions, but a peak industry body says the claim is unfounded. More
February 16, 2007
Coast to coast housing struggle
THE Perth house price boom has ended and Sydney has fallen deeper into the red as the property downturn continues to bite, with analysts predicting months more pain for homeowners. More
February 16, 2007
House prices surge west
HOUSE prices were largely stagnant in the December quarter after higher interest rates hurt demand but prices surged in booming Western Australia. More
February 15, 2007
Borrowers taking on less debt
AUSTRALIAN consumers and businesses took on less debt last year as higher interest rates prompted borrowers to cut back. More
February 14, 2007
Inflation down at time of rate rises
THE Reserve Bank has acknowledged that inflation was falling in the second half of last year when it twice raised interest rates. More
February 13, 2007
Regulation 'behind NSW housing crisis'
HIGH taxes and high regulation have pushed the NSW housing market into crisis, Opposition Leader Peter Debenham said today. More
February 12, 2007
Steady rates predicted for 2007
INFLATION is expected to fall in 2007, which will take pressure off interest rates and ease pressure on households hit by three interest-rate rises last year. More
February 12, 2007
Rent rises price out families
RENTS have jumped up to 50 per cent through Victoria's in-demand suburbs, pricing out struggling families and singles. More
February 12, 2007
Home loan defaults to surge
MACQUARIE Mortgages is seeing a significant drop in the volume of refinancing and it expects home loan defaults will jump as last year's interest rate hikes bite. More
February 12, 2007
Rental crisis 'will get worse'
THE worst is yet to come for Australians in the rental market, with some possibly facing rent hikes of up to $150 a week by the end of the year, a property expert said today. More
February 9, 2007
RBA leaves rates unchanged
HOME owners have been spared another rate rise today with the Reserve Bank of Australia (RBA) leaving official interest rates steady at 6.25 per cent. More
February 7, 2007
Home squeeze to drive rents up
THE Reserve Bank is being blamed for a dive in housing construction, raising fears that rents are set to rise further due to a lack of housing. More
February 6, 2007
Interest rates to stand still
CONSUMER spending has slowed, further easing pressure on inflation and the possibility of interest rates this month and through the year. More
February 6, 2007
Steady inflation to hold rates
INFLATION was unchanged in January helped in part by lower petrol as well as fruit and vegetable prices, a survey showed. More
February 5, 2007
Gulf opens up in housing market
HOUSE prices in Melbourne, Perth and Brisbane have reached record highs, but there are signs of a two-speed property market in which rich suburbs race ahead while the mortgage belt is stuck in the doldrums. More
February 3, 2007
Slowing credit growth not enough guarantee steady rates
A slowdown in credit growth hints at easing inflationary pressures but is unlikely to be enough to mollify the Reserve Bank of Australia (RBA). More
February 1, 2007