As read in The Adviser -Real estate agents are not doing enough to prevent identity fraud, a new survey has found. Although 40 per cent of Australian real estate agents are concerned about fraudulent activity, only 2.17 per cent use a verification app to confirm that they are dealing with the true owner despite tough […]
As read online in –The Adviser ,New research sponsored by a non-bank lender has revealed that a third of Australians are “apathetic” about shopping for a home loan, but that nearly a fifth would like a better rate but are unsure how to get one. According to a survey of 1,006 people nationwide, conducted by Galaxy Research from 7 to 10 […]
As read in Mortgagebusiness online – An increasing number of mortgages are being reclassified from investor to owner-occupier loans, new figures from the Reserve Bank of Australia have shown, with $1.7 billion of loans changed in August. The RBA’s financial aggregate figures for August 2017 show that, while the growth in credit for housing held firm […]
As read in Aust Broker OnlineMotoring association and mutual organisation Royal Automobile Club of Queensland (RACQ) has launched the RACQ Bank brand, opening 13 branches across the state. Unveiled yesterday (25 September), the bank will provide personal banking products including mortgages to RACQ’s 1.6 million members. “We’re committed to giving members honest, easy and […]
As read in Aust Broker Online -The number of Australian residential mortgages that are more than 30 days in arrears has shot up to a five year high, according to Moody’s Investors Service. The ratings agency recorded a 30+ delinquency rate of 1.62% in May this year with record high rates in Western Australia, […]
As read in MortgageBusiness online – The boss of one of Australia’s largest home loan comparison websites says that comparison rates are now obsolete and “decades behind” today’s market conditions. RateCity CEO Paul Marshall said that while the comparison rate is a good concept, it is no longer helping mortgage borrowers as much as it once did. […]
As read in Mortgaebusiness online -The structure of the Australian economy will likely “continue to change” between 2017 and 2021, the central bank has said while warning that economic shocks will also occur. In its 2017/18 Corporate Plan, the Reserve Bank of Australia (RBA) said that its monetary policy performance objective was to achieve an […]
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 […]
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 […]
As read in The Adviser online -New research shows that more Australian investors are choosing to sacrifice their lifestyle in order to buy properties. According to Mortgage Choice’s Investor Survey, 71 per cent of property investors had to make lifestyle sacrifices so they could buy residential properties, up from 69.4 per cent last year and 68.1 […]
