Sydney property values continue to rise
In positive news for Sydney home loans, the city’s residential property values rose one per cent over the five months to May 2011.
Archive for June 2011
Fixed-rate mortgages may be appealing
The variable interest rate on home loans may peak at 9.4 per cent by the end of 2013, according to the latest BIS Shrapnel Residential Property Prospects 2011-14 report.
Exit fee ban may make it easier to refinance
Consumer groups say it will be easier for borrowers to switch lenders by mortgage refinancing after the government’s exit fee ban comes into force.
Australian property market has strong fundamentals
The Australian property market has sound underpinnings and will not crash, according to property expert Michael Yardney.
Reduction in housing stock ‘unsurprising in winter’
Home auction fluctuations in winter are normal, REIV says.
Sydney home loan holders ‘may be incentivised to move’
Sydney home loan holders might consider a rural move under a new NSW incentive scheme.
No home loans problems for Citi Australia
Citi Australia says it has not seen any significant increase in arrears in its home loans book.
Mortgage brokers ‘value experience over higher education’
Educational standards in the mortgage broker industry are about right, according to the president of the Finance Brokers Association of Australia (FBAA).
Credit risk manager offers home loan advice
Sydney home loan applicants may wish to consider credit advice from one bank representative.
Conflicting signals on home loans
The number of home loans is up but will the exit fee ban may hurt lending competition.