Mortgage News Archive - March 2008
Credit woes destroying lending market
THE global credit crunch is destroying competition in the home-lending market, leading to the threat of permanently higher mortgage rates. More
March 27, 2008
Reverse mortgages on the rise
RETIRED workers are being forced to borrow against the value of their homes to cover the higher cost of living in Australia. More
March 19, 2008
Great Australian dream becoming a joke
AUSTRALIA has one of the least affordable housing markets in the English-speaking world and it is not just hurting young people wanting to buy their first home, new research shows. More
March 18, 2008
Mortgage stress hits rich
AUSTRALIA'S mortgage crisis is deepening and for the first time threatening to produce "affluent stress" - financial grief among higher income families - as new figures show that more than 700,000 households will come under some mortgage pressure by June. More
March 14, 2008
Panic selling houses can be a costly mistake
STRUGGLING homeowners have been warned not to panic and sell their properties following the Reserve Bank's 12th interest rate rise in a row. More
March 6, 2008
Mortgage time bomb is ticking
MANY households are harbouring a financial time bomb as they load up their mortgages with personal loans, bad debts and credit card bills. More
March 3, 2008
Sydney house prices in landslide
HOMEOWNERS in Sydney's outer suburbs have been losing as much as $450 a week every week since early 2004 on the value of their properties as the real story of mortgage belt misery begins to emerge. More
March 3, 2008