Mortgage News Archive - September 2008
Rates unlikely to fall
THE ever-deepening global credit crisis could impact interest rates locally, Treasurer Wayne Swan said, hours after the US House of Representatives rejected a $US700 billion ($845.67 billion) bailout. More
September 30, 2008
Slow start to first-home accounts
THE Federal Government's new high-interest savings accounts to boost first-home deposits are having a slow start. More
September 29, 2008
Sluggish housing market slows further
AUSTRALIA'S residential market continues to be sluggish with high interest rates and a lack of properties contributing to a fall in new homes sales in August, a survey has found. More
September 25, 2008
Global financial crisis spooks homebuyers
THE global financial meltdown has unsettled property buyers, with weekend auction clearance rates well down on last year, dashing any hopes of a spring revival for the housing sector. More
September 22, 2008
Low-doc loans dead, says Symond
AUSTRALIA'S biggest mortgage broker has declared the controversial "low-doc" home loans dead as lenders flee from high-risk products amid the disaster in the financial sector. More
September 20, 2008
Property markets 'yet to bottom out'
PROPERTY markets in Australia's major cities are yet to bottom, with Sydney residential property the most likely to recovery first, according to the latest Australian Property Directions Survey. More
September 17, 2008
Rate cut 'still likely' in October
THE current turmoil in world financial markets has increased the chance of a follow-up interest rate reduction in October, despite the minutes of the central bank's last board meeting suggesting policy makers may wait before cutting further. More
September 16, 2008
Housing slowdown 'not a crisis'
THE dilapidated housing industry will continue its slow demise despite yesterday's cut in interest rates, leading economists believe. More
September 3, 2008