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Home...Mortgage News

Mortgage News – Page 259

Sydney's first-home buyers getting older

The latest data from Mortgage Choice’s The Saturday Telegraph revealed that one in seven first home buyers in Sydney is now in his/her 40s or even 50s, thanks to the continuous rise in house prices.

15 Aug, 2016

Expert advice: Pay off one mortgage at a time

Herald Sun columnist Scott Pape thinks it is a terrible idea to buy multiple properties at the same time, resulting in several mortgage repayments.

15 Aug, 2016

More Aussies struggling with mortgage repayments

The number of Australians who cannot keep up with their mortgage payments has risen, according to data from Westpac

15 Aug, 2016

ANZ increases its residential mortgage risk weights

ANZ has announced that it is increasing the average credit risk weighting of its Australian residential mortgage lending book sometime this quarter.

10 Aug, 2016

DIY investors welcome increase on deposit accounts

Home loan borrowers may not be happy with the major banks' decision not to pass the rate cut in full, but self-managed superannuation investors are having a field day as they welcome the increase to rates on deposit accounts.

09 Aug, 2016

Four-year housing boom pushes values of million dollar suburbs up

The number of Australian suburbs where homes command a median price of A$1 million has surged in the wake of a four-year long housing boom.

08 Aug, 2016

Mortgage customers missing out on rate cut savings

Despite the Reserve Bank’s 0.25 per cent official rate cut last week, mortgage customers are still paying higher rates than expected as money-hungry banks fail to pass on the rate cut in full.

08 Aug, 2016

Only a few winners emerged after RBA’s latest rate cut decision

The Reserve Bank’s decision to cut the official cash rate to a new record low of 1.5 per cent has so far produced only a few clear winners.

08 Aug, 2016

Cutting interest rates a 'doomed loop'

Critics of the Reserve Bank's approach to interest rates have warned that the constant cutting of interest rates to record lows could spell a downward spiral for the Australian economy.

05 Aug, 2016

Mortgage rates should now be in the three per cent range, analysts say

Home loan customers should now be paying an interest rate with a '3' in front as many deals are pushed below the four per cent mark.

05 Aug, 2016

Is buying property the way to go now that interest rates are down?

Many first home buyers are also wondering about the impact of an interest rate cut on their prospects of buying their first home.

04 Aug, 2016

Aussie banks offer higher payouts on term deposits for savers

Instead of passing the full rate cut to its mortgage customers, Australia’s four major banks said that they will offer higher payouts on some term deposits for their savers.

04 Aug, 2016

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