Home Loans & Mortgages

Homeowners slay debt but Gen Y gorge on it. Australian mortgagor homeowners who were recently splurging on debt with credit figures showing robust growth have had a change of heart over the past 12 months. They have been getting rid of debt as if it was going out of fashion, with a 24% drop in credit [...]

Mortgage loan exit fees [really deferred establishment fees by another name] have become a way on chaining homeowners to their bank loans.

The Commonwealth Bank of Australia CEO gives his version of Banana-gate to signal mortgage rate increases. Whether you believe that the banks are paying more for their money or not is irrelevant, Australia’s banks are gearing up to ramp up rates over and above any further RBA mortgage interest rate hikes. The biggest reason for [...]

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.

The Reserve Bank of Australia is widely expected to raise interest rates, though not all believe it will happen tomorrow. Financial markets are on high alert for a rise in official interest rates as the Reserve Bank board prepares to meet today. These rates will flow on to mortgage home loans. There is a high degree [...]