Interest-only rate hikes have taken toll on investment lending values
Tightened restrictions around investment and interest-only lending are beginning to make an impact on investment activity, reported Banking Day.
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BOQ continues interest only rate rise trend in home loan market
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.
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Sydney property boom continues as clearance rates pick up
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.
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Silence from the big four as competitor banks cut fixed mortgage rates
Several lenders including ING Direct, Macquarie and Bankwest cut fixed home loan rates on principal and interest loans for owner occupiers in June.
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ING Direct latest bank to slug interest only borrowers with variable rate rises
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.
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Aussie investors love AirBnB, but it could leave long-term renters in the lurch
AirBnB is a growing trend in Australia’s major cities, but what is a lucrative business for some could be pricing long-term, private renters out of high demand markets, according to Mozo property expert, Steve Jovcevski.
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Census 2016: Are house prices to blame for keeping young adults at home?
Twenty per cent more 25 - 34 year olds were shacked up at home on the night of the 2016 Census compared to five years ago, indicating that hipsters are fast becoming a generation that stay in the nest.
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Aussies could see 8 RBA rate hikes in 24 months: what it means for your mortgage
Australia could be in for a series of no less than eight RBA rate hikes over the next two years, according to former Reserve Bank board member, John Edwards.
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CommBank cuts home loans rates, urges interest-only customers to switch
The Commonwealth Bank has today joined Australia’s other three big banks in raising rates on interest-only loans, while simultaneously cutting rates for borrowers making principal and interest repayments.
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CBA only big bank yet to join latest round of home loan interest rate changes
Three out of four big banks have raised rates on interest-only home loans this month, leaving the Commonwealth Bank as the only one yet to make a move.
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