Mortgage News Archive - October 2007
Fewer first-timers
FEWER first-home buyers are getting into the market, leading to a shortfall in the number of first-home households. More
October 31, 2007
Recovery needs time
NATIONAL home sales and residential building approvals would need to post three consecutive monthly recoveries before an upswing in the troubled property sector could be declared, the Housing Industry Association (HIA) said today. More
October 30, 2007
Australian interest rates to jump
MORTGAGE interest rates will rocket to 8.55 per cent next year - the highest since 2000 - according to property forecasters. More
October 24, 2007
Tax cuts to go on rents
JOHN Howard and Kevin Rudd's bursts of campaign trail largesse in the form of promised tax cuts will no doubt help those who have large mortgages. More
October 20, 2007
Home affordability falls to record low
RELENTLESS rises in interest rates and sky high house prices around Australia have pushed housing affordability to its lowest level on record. More
October 18, 2007
Loan payments set to soar
RAMPANT economic growth might force two mortgage interest rate rises within six months, pushing up mortgage repayments, economists said yesterday. More
October 18, 2007
Macquarie Bank tips more interest rate hikes, unrest
MACQUARIE Bank chief executive Allan Moss has tipped more interest rate rises and warned there the risk of a setback in global markets due to the worldwide credit squeeze is real. More
October 17, 2007
Property industry rejects ALP plan
HOUSING experts were yesterday extremely sceptical about Labor's plan to ease housing affordability by releasing surplus commonwealth land. More
October 17, 2007
Foreign cash pumped into property
OVERSEAS investors are pouring their spare cash into the Sunshine State, spending more than $1 billion on Queensland real estate last year. More
October 11, 2007
House prices up, affordability down
HOUSE prices in Melbourne, Brisbane and Adelaide rose sharply in the third quarter of 2007, raising affordability issues for these cities, Westpac says. More
October 11, 2007
House prices defy relentless interest rate rises
AUSTRALIANS love their patch of land and as money pours into the real-estate market, house prices are expected to keep on rising despite the relentless rise of interest rates. More
October 10, 2007
Interest rate rise fails to deter housing demand
THE August interest rate rise failed to douse demand for home loans with 64,365 people securing finance for owner-occupied housing during that month which was more than in July. More
October 10, 2007
Mortgage group lighter on hardship
THE Mortgage and Finance Association of Australia (MFAA) has introduced measures to encourage non-bank lenders, mortgage managers and brokers to assist borrowers in financial difficulty. More
October 9, 2007
Property buyers sit on their hands
A 21.2 per cent nosedive in September home mortgages has been blamed on a combination of sub-prime and share-market jitters scaring off home buyers. More
October 9, 2007
Pressure on non-bank lenders
BORROWERS are being urged to consider refinancing their mortgages with major banks as the funding crisis afflicting non-bank lenders intensifies. More
October 5, 2007
Home building industry slumps
A RISE in house prices in Sydney's suburbs is needed to rescue the home building industry from the worst slump it has had nation-wide in a quarter of a century. More
October 5, 2007
Building shortage drives up rents
BUILDING approvals fell more than expected in August and the lack of building will force rents and house prices higher amid a lack of supply. More
October 4, 2007
Rents strike record, no relief in sight
RENTS have hit record highs across the country, with Sydney median house rents having struck $400 a week for the first time, with no relief from rising costs in sight. More
October 4, 2007
House prices shrug off interest-rate rises
AUSTRALIAN housing prices have grown by nearly 10 per cent this year, shrugging off the string of interest rate rises and jitters about the US credit crunch. More
October 3, 2007
Mortgage brokers home in on loans
HALF of all new residential loans in Australia will be arranged by mortgage brokers within three years, according to a study byindependent market analyst Datamonitor. More
October 3, 2007
Rent prices take big jump
THE cost of getting a rental property in Melbourne rose by 6.2 per cent above inflation in the past year -- the biggest jump since 1998 as affordable housing becomes scarce. More
October 3, 2007
Beat rising interest rates
INTEREST rates are sitting at an 11-year higher and could rise even more. If you're a borrower, there are some basic steps you can take to reduce interest costs. More
October 2, 2007
Analysts tip interest rates to climb
AUSTRALIANS could be slapped with another interest rate rise ahead of Christmas which would take official rates to an 11-year high. More
October 2, 2007
Property spruikers chase boom
HUNDREDS of millions of dollars are being siphoned out of Western Australia and into "sub-standard" property investments in Melbourne and Queensland, as swarms of property spruikers descend on the state to capitalise on the mining boom. More
October 2, 2007