Property Investment News, Tips, Tools, Strategies, Experiences, Case Studies, Outlooks
The fact that the value of loans to property investors fell 7.1 per cent in January 2012 shows that Australia property investors are cautious on property investment. Overall, home loan approvals dipped 1.2 per cent in January 2012, the first fall in 10 months, the latest Australian Bureau of Statistics figures show. The number of loans from …
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How can you pay off your home mortgage or home loan faster? There are many things you can do. Here are some tips from everyday Australians who are repaying their mortgage like you. 1. Make fortnightly repayment instead of monthly. You have to take advantage of the fact there’s 12 months in the year, but …
Demand for home loans fell to a nine-year low in April 2010 as rising interest rates dampen enthusiasm for housing, according to Sydney Morning Herald. However, I must say whether demand for home loans drop or increase depends on how you interpret the data from ABS. According to ABS, finance commitments for owner-occupied housing fell …
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There is more evidence of investors returning to the property market, with the value of investment finance rising by 3 per cent in March. There has also been a fall in the number of owner-occupier home loans approved during March. Australian Bureau of Statistics (ASX: ABS.ax) figures show a 3.4 per cent slide in March …
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I predicted in 01/2010 that property investors will be the main driver for any home loan growth in 2010 in my post “Property investors will drive home loan growth in 2010“. The latest data from Australian Finance Group (AFG) supports my predict very well. Australian Finance Group (AFG), which claims over 10 per cent of the …
Potential borrower who want to borrow 100% of the purchase prices are most likely be unsuccessful and will need to show they can save for a deposit, according to mortgage broker Loan Market. Inquiries for 100 per cent home loans have surged 250 per cent since the federal government’s more generous first home owners grant …
Home loans in arrears by more than 30 days increased across all borrower categories during the December 2009 quarter, Fitch said in a report released on Monday. According to Fitch, more and more people will not be able to pay back their home loans in 2010 as borrowers battle rising interest rates and Christmas-induced credit card bills. …
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Australian housing finance commitments for owner-occupied housing fell 5.5 per cent in December, seasonally adjusted, to 55,632 the Australian Bureau of Statistics said on Wednesday. Economists had expected the number of owner-occupier housing finance commitments to have fallen by 5.0 per cent in December. Total housing finance by value fell by 2.8 per cent in …
Banks will not pass on the full interest rate increases which are forecasted at 1% in 2010, according to Australia’s top macroeconomist Chris Richardson. He said that increasing competition for new customers and lower funding costs would cause major lenders to absorb about 30 basis points of Reserve Bank increases during the second half of 2010. …
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A comparision of home loan search trend and investment property search trend on Google Insights shows that since 2004 the number of home loan related searches increased from year to year and it peaked in late 2008 and early 2009 when the government boosted the first home buyer grants. Since the grant was reduced home …
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An economist says a sharp fall in the number of people taking out home loans is unlikely to stop the Reserve Bank from raising interest rates at its next board meeting in February – according to Yahoo Finance news. Seasonally adjusted figures released today by the Australian Bureau of Statistics show 59,516 new loans for …
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