Mortgage News Archive - June 2008
A million houses needed to avoid shortfall
A MILLION new homes need to be built over the next five years to cope with Australia’s booming population, new figures out from the Housing Association show. More
June 30, 2008
House prices hold up against rate rises
PROPERTY prices have defied expectations and proved resilient in the first few months of the year, according to research released by RP Data and Rismark International. More
June 30, 2008
Sydney rental market worsens
THE dismal rental market in Sydney has become even worse, with the vacancy rate dipping below one per cent. More
June 25, 2008
Housing crisis a 'chronic disease'
AUSTRALIA'S chief architect advisory group has labelled the housing affordability crisis a "chronic disease" and called foran urgent response by local, state and federal governments. More
June 23, 2008
Sydney, Perth property to fall as rates bite
PERTH and Sydney home values are tumbling as mortgage stress, high interest rates and economic uncertainty continue to bite hard. More
June 20, 2008
Petrol pain hits mortgage belt
BATTLERS in outerlying suburbs are being hit the hardest by rising fuel prices, as their distance from the city leaves them little option in curbing fuel use, an economist says. More
June 19, 2008
The biggest mortgage default areas
TWELVE of the 20 areas with the highest mortgage delinquencies in Australia are located in New South Wales, according to credit rating agency Moody's Investors Service. More
June 18, 2008
Call to raise first homebuyers' grant
THE $7000 First Home Owners Grant should be increased for young Australians who are buying new homes, a parliamentary report into housing affordability states. More
June 18, 2008
High rates to worsen housing shortage
THE housing shortage looks set to worsen, with new figures showing that interest rates hikes have put the brakes on new residential building. More
June 17, 2008
House prices set to climb despite rates
HOUSE prices are tipped to rise next financial year as Australia's fastest population growth in two decades outweighs the effect of higher interest rates. More
June 16, 2008
Fund 'could save homebuyers $50k'
THE Federal Government wants input from the building industry and other levels of government on a consultation paper for a fund to tackle spiralling house prices. More
June 11, 2008
High rates scare off borrowers
THE HOUSING market is likely to remain depressed for the rest of the year, an economist warns as high rates scare off borrowers. More
June 10, 2008
Eviction threats scare homeowners
BANKS and other lenders are using bully-boy tactics to scare homeowners behind on their mortgage repayments - by threatening to throw them out on the street. More
June 7, 2008
House prices suffer record slump
AUSTRALIA'S housing market took its biggest quarterly dive in five years in the first three months of this year, according to the latest survey figures. More
June 7, 2008
Banks super-sizing mortgage offers
BANKS are up-selling their mortgages, with more than half of borrowers opting to bundle their mortgage with other products to get discounted interest rates. More
June 4, 2008
Top suburbs for 'pick and flick' investors
MINING towns and purpose built estate developments are proving popular with short-term propery investors, news data shows. More
June 4, 2008
Home sales still lacklustre
NEW home sales growth was flat in April as home buyers continued to struggle with high interest rates and the rising cost of living, a survey found. More
June 2, 2008