Mortgage News Archive - May 2007
Stamp duties force rents up by $20 a week
THE states' addiction to stamp duty has driven up rents by almost $20 a week and forced growing families to pay half a year's disposable income to move into a bigger home. More
May 31, 2007
Financial pain in the suburbs
JOHN Howard's proven campaign tactic of highlighting his Government's ability to manage the economy and keep interest rates in check is being undermined by plunging housing affordability. More
May 30, 2007
Housing slump longer than predicted
THE residential property slump is likely to last longer than initially predicted, with developers now saying building activity will probably not pick up for at least another few years. More
May 29, 2007
Housing dream vanishing
HOUSING affordability has fallen to its lowest level ever recorded by a key industry measure of the market, set up 23 years ago. More
May 29, 2007
Melbourne rents at 25-year low
MELBOURNE tenants have been warned that rents could rise as the city's vacancy rates hit a 25-year low. More
May 26, 2007
Strong economy pressures rates
THE pace of economic activity in Australia has picked up in March, with interest rates likely to rise next year, says Westpac. More
May 23, 2007
Suburbs beat housing slump
WHILE struggling Sydney homeowners are waiting out the property market slump, Blacktown is leading a confident charge with a staggering number of sales this year. More
May 23, 2007
Drought to propel 'oasis change'
AUSTRALIA'S drought could propel the next property trend as homeowners move in search of water, a national property researcher said today. More
May 21, 2007
Financial strain widespread
THREE-quarters of Australians will suffer financial difficulty in their lifetimes, with home affordability a common worry, a survey finds. More
May 21, 2007
Shares gain over property
AUSTRALIANS are borrowing at record levels to invest in shares, an asset class which is gaining in popularity over property. More
May 21, 2007
Housing revival in 2008 - CSR
BUILDING products and sugar company CSR expects the residential housing market to lift early next year, breathing some short-term life back into its property and building products operations. More
May 16, 2007
True rate of home defaults hidden
THE number of home repossessions around the nation is up to four times higher than reported figures because lenders are disguising the nature of forced sales to prop up property prices. More
May 16, 2007
Economy buffers mortgage crisis
AUSTRALIANS should not be concerned about rising interest rates fuelled by a surge in mortgage defaults in the US, Treasurer Peter Costello has said. More
May 15, 2007
Party calls for first-home buyer tax break
FAMILY First is proposing special tax breaks for first home buyers. More
May 15, 2007