Home Loans & Mortgages

When the RBA lifted interest rates in November last year I said at the time that it was one rate rise too many. The RBA was at the time focused more on getting Interest rates to “normal levels”, when we are not in normal times Since then many people have agreed with me, including members [...]

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.

Adelaide Bank’s shared equity home loan The Adelaide Bank is the first bank in Australia to launch a shared-equity home loan which could make property ownership easier, but analysts warn it could boost house prices. The Shared Equity Mortgage [Equity Finance Mortgage] is a home loan product that allows home owners to borrow as little [...]

Construction loans have fallen steeply over the past 9 months, inline with new home sales. Australian Bureau of Statistics [ABS] show that the number of new homes being constructed fell by 5.3 per cent in the fourth quarter, 4 times worse than economists were expecting. Single dwelling new homes were hit hardest. So it was felt as lower construction loans with mortgage brokers and banks everywhere.

It is beginning to look like Australia will dodge the recession bullet. Australians’ confidence in the future have risen its best level in nearly two years, as home buyers and homeowners grew more optimistic about an early economic recovery. A predicted slide in house values hasn’t happened, and in many parts of the economy its business as usual.