Mortgage News Archive - July 2008
House prices fall in most capital cities
AUSTRALIAN house prices fell in a majority of capital cities in the last few months as high interest rates brought about the weakest housing market in four years. More
July 31, 2008
Home sales jump in June
HOME sales posted strong growth in June but activity in the first half of 2008 was still weak as borrowers battled high interest rates, new data shows. More
July 28, 2008
Rental crisis might be overblown
LANDLORDS citing a shortage of rental properties as a reason to hike rents might not have a leg to stand on, an independent researcher says. More
July 26, 2008
Quarter of borrowers expect mortgage woes
CONCERN about high interest rates has overtaken job loss as the biggest issue for borrowers, research shows. More
July 23, 2008
Debunking housing myths
THERE are two housing myths worth debunking. The first is that house prices never fall. The second is that because underlying demand currently exceeds new supply, house prices will keep rising. More
July 19, 2008
40-year loans a life sentence
CASH-strapped home buyers are being pushed into 40-year home loans that can end up costing them $200,000 in extra interest but only cut their repayments by less than $20 a week. More
July 18, 2008
More RBA rises 'unlikely'
THE Reserve Bank of Australia (RBA) continues to be wary of high inflation, but its acknowledgment that the economy is slowing has dampened expectations of further interest rate rises, economists say. More
July 15, 2008
Property nearing once-in-100-year slump
PLUMMETING property values have prompted warnings Australia is heading for a one-in-a-100-year real estate slump. More
July 13, 2008
Home prices to explode, ANZ Bank predicts
THE ANZ Bank says the growing housing shortage is setting Australia up for the "mother of all" housing booms. More
July 10, 2008
Australia in 'mortgage recession'
THE number of mortgages taken out across the country fell for the second consecutive month in June, prompting a mortgage broker to declare the nation is in a "mortgage recession." More
July 3, 2008