Home Loans & Mortgages

The reason house prices are so high is that it has been easy for people to get into so much debt, increasing the pool of house buyers. To reduce the pool of homebuyers, either build more housing stock, or, make credit less available.

The solution that we know we all need is a separate, non-bank mortgage back security enterprise, that is Government sponsored and Guaranteed.
This will level the playing field, so nonbank players can get funds cheaper as cheap or cheaper than the banks. And be able to have lower margins than the banks.
This will create new non bank mortgage players at the local level. Mortgage brokers that can become micro mortgage managers.

Having offered the cheapest standard variable mortgage rate of the four banks since December last year, the demise of exit fees would be welcomed by the National Australia Bank, which stands to gain the most.

Mortgage Rates: RBA may lift rates next month, if not then August As the impact of rising fuel prices and the devastation of the floods hit Australian inflation, major banks are shifting their forecasts for the next official interest rate rise to next month. Inflation will hit interest rates The Reserve Bank of Australia tries [...]

Mortgage interest rates are more likely to rise than fall in the future, Reserve Bank of Australia Governor Glenn Stevens told a parliamentary committee today. Asked whether interest rates were more likely to rise given the central bank’s interest rate outlook, the Governor said “Yes that’s right.” Mr Stevens is fronting the House of Representatives [...]