Sydney’s property market may just have hit another record high, with the median house price now roughly $1.18 million, but when it comes to growth the harbour city is well and truly lagging behind the Melbourne market.
Read More
APRA has announced that the big 4 will need to increase their capital ratios to at least 10.5%, in a bid to make capital requirements “unquestionably strong.” But while the move may safeguard banks, borrowers may end up getting higher interest rates out of the deal.
Read More
Challenger bank and home loan lender, ME has urged borrowers to ensure they’re prepared for a series of potential rate rises following the release of minutes from the RBA’s July 4th meeting.
Read More
Federal Treasurer Scott Morrison has today announced new banking reforms that will allow credit unions and building societies to legally call themselves banks, in a move aimed at increasing competition between home loan providers.
Read More
NSW has managed to hold on to the number 1 spot on the HIA’s Housing Scorecard this year despite a slight drop in score - but it may not stay there for long, amid a projected Australia-wide slowdown.
Read More
Tightened restrictions around investment and interest-only lending are beginning to make an impact on investment activity, reported Banking Day.
Read More
Bank of Queensland has jumped on a growing trend to raise rates across its range of interest-only loans, while also reducing rates for customers making principal and interest repayments.
Read More
Despite five weeks of an auction clearance downturn in the Sydney property market, the latest results have proven the housing boom is still alive with buyers snapping up 71.5% of dwellings listed on Saturday.
Read More
Several lenders including ING Direct, Macquarie and Bankwest cut fixed home loan rates on principal and interest loans for owner occupiers in June.
Read More
Following moves by other banks ING Direct has announced it will raise the variable rates on several of its interest only home loans, in a move expected to affect not only investors but also owner occupiers.
Read More