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Australian homeowners are failing to put in the effort and seek out better home loan deals despite slow wage growth and piling levels of household debt. These findings come from new research by State Custodians Home Loans which polled over 1,000 people across the country. Surprisingly, only 13% said they were always on the lookout […]
The boss of one of Australia’s largest home loan comparison websites says that mortgage 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. “The comparison rate […]
If Perth housing market hasn’t already hit the bottom of the market cycle, we are very close. It’s always interesting as a valuer watching markets go up, down and sideways and analysing the reasons why. Perth’s current residential property market has a bit of everything – good, bad and ugly with plenty of good buying […]
The major bank has pledged to provide 100,000 loans annually to low income Australians as part of its ambition to improve the financial well-being of its customers and communities. The commitment comes as research commissioned by NAB found that more than 2.6 million Australians have no savings at all, leaving them unprepared for a financial […]
Seven steps to getting a home! FIRST home buyers are back in the property market. After being squeezed out in the home buying wilderness for years, the regulatory and banking measures to dissuade investors (particularly from overseas), is starting to have an impact and open the door for first homeowners. Figures out last week showed […]
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