Author

Phil McCarroll

Recent articles for this author

Mortgage arrears hit lowest point in more than a decade

Strong house price growth, falling unemployment and low interest rates have helped keep Australian mortgage arrears near record lows

20 Apr, 2016

Australian mortgage market has never been so chaotic, says industry leader

The current Australian mortgage market is “minefield” and is only going to become harder to navigate according to one of the industry’s leading voices.

19 Apr, 2016

Demand for fixed rate loans a "sign of things to come"

The head of a major mortgage broking network said there is likely to be a change in demand levels for fixed rate home loans

05 Apr, 2016

Australian households see debt levels reach historic highs

Falling interest rates have helped Australian households take on increasing amounts of debt according to figures from the Reserve Bank of Australia

04 Apr, 2016

Could it be borrowers, not lenders who are required to pay mortgage brokers?

Mortgage broker commissions are being reviewed by regulators, with a number of alternatives being put forward

31 Mar, 2016

Capital requirements to be felt by more than just mortgage holders

Property investor and home owners may be hit by higher interest rates as Australian banks are required to hold more capital against their mortgage books, but they won't be only ones affected

30 Mar, 2016

Safer banks may mean higher rates for Aussie borrowers

Mortgage holders are likely to see their interest rates, even if the RBA cuts the official cash rate according to the head of a major mortgage broking network

29 Mar, 2016

Survey says borrowing power, property prices are sources of confusion

Australians are jeopardising their chances of entering the property market due to a poor understanding of their borrowing power and market conditions

23 Mar, 2016

Home buyers more optimistic than investors, research says

There are more signs that lending to real estate investors may continue to fall, with market research from Westpac showing the public’s current opinion of real estate as an investment class has fallen recently

22 Mar, 2016

Borrowing criteria stricter, but APRA set to keep an eye on lenders

The Australian Prudential Regulation Authority will continue to monitor Australian lenders, despite claiming mortgage serviceability requirement have become stricter and more consistent

20 Mar, 2016

Competition heats up as major lenders look to grab business

It’s a good time to be on the hunt for a mortgage according to one of Australia’s biggest broking networks, as the country’s major lenders look to claw back some market share

17 Mar, 2016

Aussie borrowers build up solid mortgage buffer

Almost a quarter of Australians have a financial buffer equivalent to year’s wages in their mortgage according to the results of a survey from a major mortgage broking network

16 Mar, 2016

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