Monthly Archives: April 2017

Funding pressures not to blame for rate hikes, says RBA

As read in MortgageBusiness online – Banks’ ratcheting up of interest rates is not due to funding costs as they claim, the RBA has underscored at its latest monetary policy meeting. Over the past few months, several banks have upped their interest rates, with increases from major and non-major lenders ranging from seven to 117 basis points. […]

Oversimplifying housing affordability ‘cynical and cruel’, says Treasurer- MortgageBusiness Online

As read in MortgageBusiness Online -The Treasurer has stressed that a housing affordability fix “must involve a scalpel, not a chainsaw” and has looked to the UK housing sector experience as “valuable” for Australia. Addressing the Australian Housing and Urban Research Institute in Melbourne yesterday, Treasurer Scott Morrison stressed that “dealing with housing affordability must […]

FHBs accessing super to fund properties ‘irresponsible’- The Adviser

As read in The Adviser – Allowing first home buyers to access their superannuation to fund property purchases would be “frowned upon” by Australian finance specialists and economists, new research has shown. Research from comparison website revealed that 80 per cent of experts who surveyed for the recent RBA cash rate survey said they believed […]