Mortgage News Archive - August 2008
RBA to wield rate knife with caution
CONTINUED strong demand from China for raw materials is likely to stop the Reserve Bank of Australia from granting home owners two consecutive rate cuts. More
August 29, 2008
Hopes of rate cut fail to lift property
THE prospect of a cut in official interest rates next month has failed to bolster the nation's property market with weekend auction clearance rates taking another hammering. More
August 18, 2008
Homeowners running to stand still
IT'S been five years since the Brooke family moved into their dream home in Castle Hill in Sydney's northwest. More
August 16, 2008
Housing affordability stuck at record lows
HOUSING affordability remains at a 24-year low and is unlikely to significantly improve in the short term even if mortgage rates fall, the Housing Industry Association warns. More
August 15, 2008
Time for the brave to go property shopping
COULD it be time to go shopping for property? More
August 15, 2008
Bank buster tactics promised
THE Federal Government has warned it will pressure banks to pass on looming interest-rate cuts but has refused to reveal any details of its strong-arm tactics. More
August 11, 2008
Homebuyers sit on the market sidelines
MORE prospective homebuyers are holding off buying homes and flats in response to 12-year high interest rates and the hint of the first "buyers' market" in many years. More
August 7, 2008
Sacrificing for the Great Australian Dream
AUSTRALIANS taking their first step up the property ladder are getting older, going it alone, and sacrificing various aspects of their lifestyle just to be a homeowner, a survey shows. More
August 6, 2008
Big banks gobble up loans pie
CONSUMERS may be left at the mercy of the big banks as the only remaining mortgage lenders because the residential mortgage-backed security market is in danger of collapsing. More
August 5, 2008