Monthly Archives: July 2018

Honeymoon rates costing borrowers – Aust Broker

As read in the Aust Broker Online – Research shows more than a dozen lenders are using honeymoon rates to attract new home loan customers, with deals which could see borrowers up to $33,573 out of pocket within five years, and $140,816 over 30 years. A honeymoon rate, sometimes called an introductory rate, is a […]

Consumer Data Right to improve mortgage process: ACCC – MortgageBusiness Online

As read in MortgaeBusiness Online -The impending Consumer Data Right could iron some of the kinks out of the home loan application process, the chair of the ACCC has suggested. Speaking at the National Consumer Data Policy Research Centre on Friday (13 July 2018), the chair of the Australian Competition and Consumer Commission (ACCC), Rod Sims, […]

Property prices continue to slip – The Adviser

consecutive month, with tighter lending conditions and the slowdown in investment activity cited as the “primary drivers” of the housing market slump in the latest CoreLogic report. According to CoreLogic’s latest Hedonic Home Value Index, dwelling values slipped by 0.2 of a percentage point in June, driven by a 0.3 of a percentage point slide in combined capital city home […]

Tighter credit slowing new home sales: HIA – The Adviser

As read in The Adviser Online – The Housing Industry Association has cited the royal commission’s impact on bank lending policies as a contributing factor in the continued slide of new house sales in 2018. HIA’s principal economist, Tim Reardon, said that the first half of 2018 has seen a renewed downward trend in new […]