Mortgage News Archive - May 2008
Property buyers getting the upper hand
HOUSING affordability is at record lows, but the tide looks to be turning in the favour of buyers, with houses taking longer to sell and vendors having to be willing to lower their asking price. More
May 29, 2008
Double digit interest rates 'within months'
STANDARD variable home loan rates are set to rise into the double digits, and the highest levels in more than 10 years, if bearish predictions by one of Australia's biggest banks come true. More
May 28, 2008
Aussies reeling in financial doom
AUSTRALIANS are reeling in financial doom, with 2 in 3 saying their financial situation is worse now than it was a year ago and many homeowners could be forced to sell their properties if interest rates rose another 1 per cent, according to a survey. More
May 28, 2008
Auction rates plumb new lows
AUCTION results in every major city continued their disappointing run over the weekend. More
May 26, 2008
Housing affordability sinks to new lows
HOUSING affordability sunk to a new record low in the first quarter of this year following recent interest rate hikes. More
May 21, 2008
RBA leaves door open for rate rise
HIGH inflation had the Reserve Bank of Australia (RBA) agonising over whether to raise interest rates this month, with another hike still possible, board minutes reveal. More
May 20, 2008
Home buyers unmoved by Budget
THE federal budget has failed to restore confidence to the nation's property markets with most capital cities recording weekend auction sales of less than half compared to last year. More
May 19, 2008
NAB report predict significant rate cuts in early 2009
National Australia Bank forecasts significant rate cuts in early 2009, as the Australian economy appears to be slowing faster than expected. More
May 15, 2008
NSW housing outlook bleak
BUILDING products, aluminium and sugar producer CSR says it does not expect to see an upturn in the struggling New South Wales housing market for at least 12 months. More
May 14, 2008
Heartbreak as repossessions hit suburbs
IT'S every home owner's heartbreak -- watching the value of their home plummet to half the price they paid within a few years. And in working-class suburbs around the country, it's becoming an all-too-regular occurrence. More
May 13, 2008
Call for incentives as auctions collapse
PROPERTY markets around Australia continued to struggle over the weekend, with auction clearance rates now below 50 per cent in the key markets of Sydney and Brisbane. More
May 12, 2008
House bubble bursts, but whose fault is it?
HOUSE prices in some parts of Sydney have almost halved as battling borrowers struggle to keep up with increasing interest rates. More
May 12, 2008
Direct property an investment winner
PROPERTY investments over the past 10 and 20 years won out over other asset classes including shares - a new report shows. More
May 8, 2008
House price growth slows as rates bite
HOUSE prices jumped almost 14 per cent in the year to March, but that growth slowed in first three months of 2008 as interest rate rises started to bite. More
May 5, 2008
Strategies to get into the property market
DAUNTING as it may feel when put to the task, saving enough money to buy a first home is the best financial move most people can make. More
May 5, 2008
Rudd wants one million new homes
PRIME Minister Kevin Rudd says Australia needs one million new homes over the next six years to keep up with estimated population growth. More
May 2, 2008