Borrowers in the market for a longer term fixed loan may be pleased to hear that ING Direct has recently reduced rates on two of its fixed rate loans by as much as 20 basis points for three and five year terms.
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NSW first home buyers will benefit from new measures announced today, including stamp duty exemptions on new and existing homes worth up to $650,000.
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Sometimes all it takes is a drop in credit ratings along with slow auction clearance rates for the housing bubble debate to flare up again - and that’s exactly what’s circulating in the media as winter approaches.
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In the midst of rate hikes and tightened regulations for interest-only and investment loans, there is some good news to be found for a different subset of borrower - owner-occupiers making principal and interest repayments.
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Sydney has long been the top property market in Australia, with booming house prices and demand far outstripping supply. But the housing market is showing significant growth outside our capital cities as well, revealed a new report from the Housing Industry Association.
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As regulations continue around the tightening of interest-only lending, NAB has raised deposit requirements on its interest-only loans.
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Mozo has announced the results of its annual Experts Choice Home Loan Awards this week, and found that nearly two-thirds of the Low Cost Award winners were online lenders.
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In the face of soaring property prices in Sydney, the majority of Sydneysiders are blaming foreign investors - but experts say housing affordability is a much more nuanced issue than that.
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Property developer Tim Gurner, who told 60 Minutes that Australian millennials need to stop buying $4 coffees and travelling if they want to buy homes, has now received considerable backlash on social media.
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Clearance rates in two of Australia’s biggest property markets, Sydney and Melbourne, were strong over the weekend, but are likely to trend downwards in the coming quarter, according to Mozo’s property expert, Steve Jovcevski.
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