Finance - Refinancing

Most home loans still deferred as grace period winds up

Posted on October 16, 2020 by | 0 Comments
With the initial six-month mortgage holiday having run its course, Australia’s major lenders would have been banking on most customers resuming their repayments by now. But the latest dataset shows most have yet to return to normal. Data collected by the Australian Banking Association (ABA) found 270,000 home loans were still on hold as of October 11. Although that’s well below the peak of nearly 500,000 in June – or one in 10 mortgages nationally...

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Property porkies: Record number of home loan applicants fudging the numbers

Posted on October 1, 2019 by | 0 Comments
The number of home loan applicants obtaining a mortgage after inflating their income and downplaying their living costs has jumped to record levels, according to research by global investment bank UBS. Thirty seven per cent of borrowers were not entirely honest in their mortgage applications, the bank’s anonymous survey of 903 Australians revealed – despite tougher lending standards imposed since the banking royal commission. The surge in so-called “liar loans” comes amid a rise in...

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S&P says more borrowers falling behind for first time on mortgage repayments

Posted on April 4, 2017 by | 0 Comments
More borrowers are falling behind for the first time on their mortgage repayments, credit ratings agency Standard and Poor’s says. The proportion of owner-occupier home loans in arrears increased to 1.29 per cent in January, from 1.15 per cent in December, the agency says. Crackdown on investor loans Treasurer Scott Morrison believes it’s the willingness to loan money to investors coupled with watered down regulations that is negatively impacting household debt and housing prices. (Vision...

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How do successful investors research the market?

Posted on September 21, 2013 by | 0 Comments
Residex believes there are at least 5,000+ suburbs in Australia that you should potentially consider when buying a house or a unit as an investment. That may sound daunting, but it is easy to narrow down the list by following a few simple rules. 1. Think about the long-term Magazines, newspapers and online articles or blogs about investment are a great place to start your research as they offer some useful tips and insights on...

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