Monthly Archives: August 2017

Interest-only loans proving less popular – MortgageBusiness

As read in MortgageBusiness Online -New data reveals that property owners are slowly but surely turning away from interest-only (IO) loans and towards principal and interest (P&I). Exclusive data from uno Home Loans shows that both investor and owner-occupier borrowers of IO loans have been declining over the last six months, which according to a […]

FHBs at ‘pointy end’ of affordability problems: Westpac – Mortgagebusiness

As read in Mortgagebusiness Online – Core buyer sentiment remains weak across Australia despite three months of improvement, while first home buyers are at the “pointy end” of affordability problems, says Westpac. In its August Housing Pulse document, the major bank noted that sentiment and lead indicators point to a “material slowdown” with turnover also showing renewed […]