Home Loans & Mortgages

Accumulative home loan mortgage interest rate rises, coupled with higher home prices around Australia have pushed housing affordability to its lowest level on record. The Commonwealth Bank of Australia – Housing Industry Association (HIA) Quarterly Review of Housing Affordability for the September quarter showed the index falling 2.1 per cent to be 8.3 per cent lower [...]

The global home loan credit squeeze is a “serious crisis” that is not over yet and will have an impact on government budgets, the IMF’s outgoing head Rodrigo Rato said in an interview published overnight. Speaking to the Financial Times from Washington, IMF Managing Director Rato said: “Policymakers should not think that the problems will [...]

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

Finance Minister Nick Minchin has indicated he does not believe an expected hone loans mortgage interest rate rise this week is warranted. The Reserve Bank of Australia (RBA) is widely tipped to raise interest rates this Wednesday by one quarter of one per cent. Mr Minchin today said he did not want to give the RBA [...]

Adelaide Bank shareholders will need to approve a planned merger with the larger Bendigo Bank. The boards of the Adelaide and Bendigo banks have announced plans to merge. [Bendigo Bank is a regional community bank player, and Adelaide Bank is Australia's wholesale mortgage lender player, with 90 percent of its home loans done outside South [...]