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Home...Mortgage News

Mortgage News – Page 248

Top reasons home loan applications get rejected

Worried you might be rejected by your bank when you apply for a home loan? Help is at hand.

29 Nov, 2016

Parents’ extended longevity is preventing their children from affording homes

The slightly morbid truth about delayed homeownership is that parents are living longer—and their greater longevity is preventing their children from buying homes

28 Nov, 2016

Westpac increases interest rates on its mortgage loans

Westpac is the first major bank to increase interest rates on its fixed-rate home loans and investment loans; market analysts expect the other banks to follow suit

28 Nov, 2016

Joint mortgage applications on the rise

The latest data indicates that the number of mortgage applications with two or more applicants is increasing, from 64% in 2014 to 67% in 2016

28 Nov, 2016

The wealthiest Aussie cities in terms of home equity

Sydney is the wealthiest Australian city in terms of home equity; this is followed by Melbourne and Canberra

25 Nov, 2016

Sydney’s one-bedroom apartments are unaffordable for many first-home buyers

The median price for a one-bedroom apartment in Sydney has increased $200,000 in four years, pricing many first-home buyers out of the market

24 Nov, 2016

First-home buyers in SA feel less confident about meeting mortgage repayments

The confidence of South Australian first-home buyers has plummeted, with many respondents feeling less confident about their ability to meet mortgage repayments

23 Nov, 2016

NAB and Westpac: Home loans guaranteed by parents are on the rise

The latest figures from NAB and Westpac suggest that home loans guaranteed by family members are growing more quickly than the broader market

23 Nov, 2016

Banks are demanding large deposits from home buyers in Australia’s mining towns

Prospective homebuyers in Australia’s once thriving mining towns are being asked to cough up deposits of 30% to afford average-priced homes

23 Nov, 2016

Homes are increasingly unaffordable for Perth’s low-income earners

Less than 10% of homes in Perth are affordable for households earning less than $68,000 a year, according to a new report

22 Nov, 2016

Lenders are offering big incentives to buyers of luxury properties

Confidential documents reveal that a major bank’s subsidiary is planning to reduce mandatory deposits for mansions worth more than $5 million by up to $500,000

21 Nov, 2016

IMF says Aussie property market faces “acute risks”

IMF analysts recently pointed to a range of measures regulators could expand upon to reduce borrowing, which risked pushing astronomical house prices up even further

18 Nov, 2016

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