Mortgage News Archive - September 2007
Online bids spell end for street auctions
HOMEBUYERS sick of auction madness will soon be able to escape the pressure of cut-throat bidding wars by hiding behind their computer screens. More
September 29, 2007
Interest rates to rise: Reserve Bank
AUSTRALIAN borrowers will be hit with higher interest rates in coming months, with problems in global financial markets expected to persist, the head of the central bank says. More
September 18, 2007
Brisbane worst city for rents
BRISBANE has become the most expensive Australian capital city for renters just as interest rates were preventing families from buying their first home. More
September 17, 2007
Home loan predators targeting vulnerable
ALMOST 40,000 homeowners have fallen victim to "predatory" lending practices such as excessive and hidden fees and high interest rates. More
September 14, 2007
House prices to soar again
BRISBANE house prices will rise by as much as 40 per cent ahead of a nationwide residential property boom in three years, according to a leading economic forecaster. More
September 12, 2007
Housing woes to worsen with credit crunch
HOUSING finance was much weaker than expected in July and is expected to get worse as the impact of higher interest rates and a credit squeeze take their toll, economists say. More
September 10, 2007
First homebuyers back in property market
THE number of first homebuyers rose in July ahead of the spring property season though home lending fell given an expected rise in interest rates in August. More
September 10, 2007
Homes sold - in 20 minutes flat
HOUSE sales in Roxby Downs are now faster than a pizza delivery, with agents reporting properties being snapped up 20 minutes after being listed for sale. More
September 10, 2007
Houses prices get high on investment
WHILE housing affordability and rising interest rates may be a concern for first home buyers, they are realising that bricks and mortar are still a solid investment. More
September 10, 2007
Pace of evictions rises with rates
THE number of homes repossessed has jumped this year, with homeowners in Sydney's west and southwest the hardest hit. More
September 9, 2007
RBA leaves rates unchanged
THE central bank has kept home lending costs steady at 6.5 per cent today, but the pain may not be over yet with some analysts predicting another rate rise before the year's end given strong economic growth. More
September 5, 2007
Angry renters 'feeling unloved'
RENTERS are increasingly becoming angry, scared and feeling unloved by their landlords because of the ‘dire’ rental climate in Australia, a survey has revealed. More
September 4, 2007
Australians slammed by rising interest rates
HOME lending costs are inching towards 10 per cent after nine official interest rate rises in five years. Households are feeling the pinch, and the hurt is not over yet with the threat of more rate rises. More
September 4, 2007
House prices rebound strongly
ADELAIDE has led a housing market rebound that has seen house prices Australia-wide increase 6.6 per cent in the first half of 2007. More
September 4, 2007
House prices race ahead
RESIDENTIAL property prices have surged this year, growing by nearly 7 per cent during the first six months of 2007, led by strong gains in Adelaide, Brisbane and Melbourne. More
September 3, 2007
Housing construction remains subdued
THE housing construction market remains subdued despite a shortage of dwellings throughout much of the country, economists said today. More
September 3, 2007
Sydney property in doldrums
THE weekend start of the spring selling season did little to revive the sluggish Sydney housing market, but in Adelaide, house prices are surging. More
September 3, 2007