Australian Banks Pass on Full Rate Cuts
Australian customers have been offered the full rate cuts by the Reserve Bank of Australia (RBA) in May from all the big banks, reported the Australian edition of the International Business Times. Westpac Bank was the first bank to cut interest rates, followed closely by the Bank of Melbourne and St George.
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Australian Banks Pass on Full Rate Cuts
June 7, 2013, 8:09 am -
New Home Buyers Absent From ABS Data
May 31, 2013, 10:43 am -
ABS Data Shows Approvals Fell for Four Months
May 19, 2013, 12:08 pm
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Australian Banks Pass on Full Rate Cuts
June 7 | Home Loans Industry Interest RatesAustralian customers have been offered the full rate cuts by the Reserve Bank of Australia (RBA) in May from all the big banks, reported the Australian edition of the International Business Times. Westpac Bank was the first ...
New Home Buyers Absent From ABS Data
May 31 | First Home BuyersWhile figures released by the Australian Bureau of Statistics (ABS) for March show lending has increased across the board, first home buyers are notably absent from positive home loan lending figures for new homes, reported A...
ABS Data Shows Approvals Fell for Four Months
May 19 | Home LoansNew home loan approvals have fallen for each for the months from October 2012-January 2013, despite the Reserve Bank of Australia’s (RBA) attempt to boost the economy with reduced interest rates. A positive note was the...
Fixed Rate Demand Highest in Australia on Record
May 17 | Interest RatesFixed interest rate home loans have reached some of the highest levels of demand ever seen by Australians, reported Property Observer. The data, based on Mortgage Choice home loan application figures since the Global Financia...
UK February Mortgage Decline Greater Than January 2013
May 14 | Home LoansMortgage numbers in the United Kingdom fell again for February at a higher rate than January, reported The Telegraph. Mortgage numbers dropped by 4.7% in February after falling 2% in January 2013. However, the numbers still c...
Is RBA’s Fund for Banks and Financial Institutions Really a Rescue Package?
May 14 | NewsThe $380 billion Reserve Bank of Australia’s (RBA) Committed Liquidity Facility is more like ‘rescue money’, according to Michael West of The Sydney Morning Herald. The fund is available to banks who find th...
Why First-Time Buyers are Absent from the Market
May 10 | First Home BuyersDespite falling home loan interest rates and low property prices over the past few years, first-time home buyers are more scarce than ever in the property market, reported News Limited. Australian Finance Group (AFG), one of ...
Australian Government Makes a Mess of Helping First Home Buyers
May 1 | First Home BuyersThe Federal Government of Australia has made a mess of “helping” first time home buyers with their grants. The Age’s Michael Pascoe believes the real name of the grants should be “hand outs for the housing industr...
Experts Say US Mortgage Rates May Rise Slightly With Improving Economy
April 24 | Interest RatesExperts believe home loan interest rates will rise in the USA as the economy shows signs of a strengthening recovery. Mortgage rates are yet to change, despite a huge jump on the stock market, according to Bankrate’s na...
Experts Predict Malaysian and Chinese Investment in Australia to Increase
April 23 | NewsChanging political conditions in China and Malaysia are expected to lead to an increase in demand for Australian off-the-plan apartments by Chinese and Malaysian investors in 2013. While transition to a new president in China...