Home Loans & Mortgages

First home buyers increase mortgage home loan approvals 10% as first home buyers grab home buying bargains.

Bank Leaders from Australia’s biggest banks and home loan lenders have blamed both sides of politics for being lazy and ignoring the national housing affordability crisis. Ralph Norris, chief executive of the Commonwealth Bank, and Aussie Home Loans founder John Symonds, said the problem of not being able to afford a home was becoming worse for many consumers. [...]

The Reserve Bank of Australia [RBA] is being blamed for a dive in housing construction, raising fears that rents are set to rise sky high due to a lack of residential rental housing accomodation in most Capital Cities and many regional areas. The number of new housing plans approved by local councils dipped 2 per cent in [...]

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 [...]

House prices are defying gravity as lower affordability pushes many would-be homeowners aside. So if the average first home buyer is missing out, who is doing the buying? As buyers miss out on properties that sell for far more than the advertised quote, the question needs to be asked whether this is the result of [...]