Mortgage News Archive - April 2008
Rates drive fall in house prices
HOUSE prices have fallen in half of Australia's capital cities, offering the first widespread evidence that interest rates are taking their toll on values. More
April 30, 2008
Property investors out in the cold
INVESTORS trying to pull out cash from property funds are having the brakes put on withdrawals. More
April 28, 2008
1 in 5 stressed borrowers losing their homes
UP to one in five households under mortgage stress will lose their homes, research shows. More
April 22, 2008
Trawling mortgagee sales for bargains
DAVE Baker knows Struggle Street. He is a typical battler of western Sydney who values family and friends, works hard but seemed destined to never see the return for his labours that those on the eastern side of the city take for granted. More
April 16, 2008
Interest rate hikes hit housing market
NEW mortgage approvals for established homes have suffered their biggest dive in seven years as rising interest rates scare off buyers, providing fresh evidence that the Reserve Bank's campaign against inflation has begun to slow the economy. More
April 15, 2008
Mortgage exit fees a rort for borrowers
BORROWERS are set to benefit from increased competition following the release of a review highlighting the differences in fees on the various mortgage products offered by lenders. More
April 6, 2008
Rents in Australian cities will soar in the next four years
RENTS in major cities will rise by 50 per cent over the next four years, a report predicts. More
April 4, 2008
Houses will never be affordable - RBA
AUSTRALIANS should resign themselves to the fact that housing will never be affordable, a housing report from the Reserve Bank says. More
April 2, 2008
Home costs 'worst ever' - Treasury
A TREASURY official has labelled the affordability crunch for first-home buyers "the worst on record" but said people who paid more than 30 per cent of their income on housing were not necessarily struggling. More
April 2, 2008