NAB quadruples deposit requirements for interest-only mortgage lending
As regulations continue around the tightening of interest-only lending, NAB has raised deposit requirements on its interest-only loans.
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Online lenders dominate 2017 Mozo Experts Choice Home Loan Awards
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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Foreign investors or low housing supply: what’s driving high Sydney property prices?
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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$4 coffee guy gets smashed by avocado loving millennials
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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Sydney and Melbourne property clearance rates bounce back: will it last?
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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UBank launches RoboChat - Australia’s first virtual home loan assistant
Online banking provider UBank has today unveiled the newest member of its customer service team - RoboChat, Australia’s first artificially intelligent virtual assistant for online home loan enquiries.
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Big bank levy could mean more mortgage rate hikes
Major bank customers could wind up paying an extra $40 a month on their home loans, if banks do as they’ve suggested and hike interest rates in order to cover the Budget’s big bank levy.
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ING Direct latest lender to announce home loan fee increases
Aussie borrowers have been hammered with interest rate increases lately, but now there’s another cost for them to keep their eye on - home loan fees.
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ScoMo’s super scheme for first home buyers divides critics
You may have heard the latest Federal Budget includes a tax incentive that will allow first home buyers to save up for their mortgage deposits faster, in a policy the government hopes will improve housing affordability.
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No relief for borrowers yet: NAB raises rates on fixed interest-only loans
While all eyes are on the 2017 Budget announcement, NAB has once again raised interest rates on its interest-only fixed rate home loans.
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