• 11/04/2021

Category: Lending

Home owners warned against rushing to fix their mortgages

Home owners warned against rushing to fix their mortgages

Euan Black| The New Daily| 2 February 2021 Home owners warned against rushing to fix their mortgages (thenewdaily.com.au) Home owners are being told to do their research before fixing their mortgages, after the Reserve Bank…

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Why changes to Responsible Lending wont have the impact either side claim.

Why changes to Responsible Lending wont have the impact either side claim.

“Old generals always fight the previous war” goes the old adage – many of the old arguments are being rolled out by both sides in the proposed changes to Responsible Lending rules. But, as we…

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Could household debt levels be a trigger for another round of credit tightening?

Could household debt levels be a trigger for another round of credit tightening?

Tim Lawless| Corelogic| 18 November 2020 https://www.corelogic.com.au/news/could-household-debt-levels-be-trigger-another-round-credit-tightening?utm_medium=email&utm_source=newsletter&utm_campaign=20201123_propertypulse&utm_content=pp_blog%20 Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990…

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Australia’s lending laws are overdue for an overhaul

Australia’s lending laws are overdue for an overhaul

Anna Bligh| Sydney Morning Herald| 25 November 2020 https://www.smh.com.au/business/banking-and-finance/australia-s-lending-laws-are-overdue-for-an-overhaul-20201125-p56hq8.html They say a week is a long time in politics. If that’s true – eleven years is an eternity. That’s how long it’s been since the…

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Responsible lending removal: the pros and cons

Responsible lending removal: the pros and cons

Annie Kane| Mortgage Business| 23 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15153-responsible-lending-removal-the-pros-and-cons The proposal to overhaul responsible lending obligations has been met with mixed reaction, with many welcoming its ability to speed up the flow of credit while others…

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Home loans surge by 12.6 per cent in August

Home loans surge by 12.6 per cent in August

Steven Deare| The New Daily| 9 October 2020 https://thenewdaily.com.au/finance/property/2020/10/09/home-loans-august/ More Australians are seeking to buy a property while interest rates remain at historically low levels, sending new home loan commitments surging. Home buyers took advantage…

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Mortgage Growth Predicted

Mortgage Growth Predicted

Across the country auction clearance rates are strong and getting stronger. Low interest rates, government handouts and possible relaxing of lending criteria are encouraging Australians to take out a mortgage and buy a property. Most…

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Is this a window of opportunity for property?

Is this a window of opportunity for property?

The property market is rapidly approaching crunch time – where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments.  Some will…

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Record Levels of Mortgage Refinancing

Record Levels of Mortgage Refinancing

Despite the Reserve Bank not having changed the official cash rate recently, banks are dropping their own mortgage rates as they compete against each other for home loan business Interest rates are now the lowest…

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Banks Keep Lending to Pump Economy

Banks Keep Lending to Pump Economy

Banks Keep Lending to Pump Economy Australia’s banks look set to keep rates at record lows and to be flexible with borrowers impacted by COVID 19. Reserve Bank Governor, Dr Philip Lowe, recently spoke to…

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