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mortgage
14/03/2017
JOB security is chief among the concerns of Australian mortgage holders, with new research revealing 41 per cent of families fear they may not be able to service their home loan if their employment situation changed. Loan protection insurance provider ALI Group commissioned the survey of 1000 Australians to identify the main concerns people have around their mortgage and found job security caused sleepless nights for 36 per cent of all mortgage holders. Single workers with kids were more worried […]
12/03/2017
NEW rules affecting every Australian applying for credit cards, loans or mortgages will soon kick in, but most people don’t even know about them. That’s the warning from credit rating bureau Experian, which says two thirds of Australians are unaware of looming changes to national credit reporting requirements that will enable lenders to see a lot more information about a customer’s financial history. At the moment, lenders only share negative data, like defaults and bankruptcies. But under amended privacy laws […]
10/03/2017
STATE governments are holding the Federal Government responsible for the big solution to the housing affordability crisis hitting major capitals. Treasurer Scott Morrison is under increasing pressure to use powerful taxation levers in the upcoming Budget to move the market away from investors and in favour of first-home buyers. That could mean reducing capital gains tax relief, and limiting or removing negative gearing tax concessions. The pressure increased today as the Reserve Bank left interest rates untouched while warning that […]
09/03/2017
“Supervisory measures have contributed to some strengthening of lending standards.” This 10-word sentence from the Reserve Bank of Australia (RBA) on Australia’s housing market in its March monetary policy statement could signal something important. It seems to be a step back from the more confident tone expressed just one month earlier when it said “supervisory measures have strengthened lending standards and some lenders are taking a more cautious attitude to lending in certain segments”. “Some” strengthening. Like many of our […]
08/03/2017
Confused about the conflicting terms that real estate agents use to quote the likely selling prices for properties? Then get set for the uncertainty to intensify – at least for the next few months. Many agents are adopting highly divergent approaches to quoting prices in the countdown period to the Victorian government’s introduction of new laws to clamp down on underquoting by agents. The most widely used terms include “offers above,” “price on application” or no price indication at all. […]