Home Loans & Mortgages

In the nineteen eigthies a local bank manager working out what I could afford to borrow divvied up my pay packet this way: “A third for the taxman, a third for me … and a third for you.” The rule-of-thumb that you can afford to devote about 30 per cent of your gross or pre-tax [...]

The St George Bank, a regional Australian home loan lender, has it hands full with industrial relations trouble on its moves to sack local workers and outsource the work to low cost overseas workers. The Finance Sector Union (FSU) have had a meeting with St George Bank management , after staff who are being made redundant refused to train [...]

The Reserve Bank is ready to pull the trigger on interest rates. Inflation is getting a bit on the high side and unemployment looks like falling even lower, so the RBA will feel compelled to raise rates. However if the CBA and other baks follow suit, then they will have done the RBA’s job, and official rates could remain as they are for now.

Home loan seekers looking to borrow big dollars brings champagne treatment from banks, but many battlers wanting to secure a home have to take what they’re given. While investors can improve their mortgage interest rate by up to 2 per cent through professional packages designed to attract big spenders, first homebuyers are paying thousands of [...]

More than 63,300 people took a home home loan in March Owner occupied loans totalled $20.82bn Strong housing demand will boost house prices More than 63,300 Australians secured a home home loan in March, the highest level in eight months, with stronger demand for housing expected to boost house prices. Financial markets are now pricing [...]