QLD is Australia’s worst-performing state for mortgage delinquency, with homeowners in Noosa, Airlie Beach and the Gold Coast among the most affected by the economy. According to Fitch Ratings, Logan City, the Gold Coast and Ipswich have also shown significant economic deterioration since September last year, but its study of suburbs where the mortgage delinquency [...]
Housing Market “Short Supply” Set To Continue
home loans, loans, mortgage // December 23, 2011The gap between supply and demand increased by 28,200 to 186,800 units this year in the housing sector, the (NHSC) National Housing Supply Council report reveals. The report shows that NSW and QLD carry the greatest shortfalls of 73,700 and 61,900. The report predicts the gap could grow to more than 640,000 homes in the [...]
Australian Home Loan Numbers Shrank in October
home loans, loans, mortgage // December 22, 2011The value of business and personal loans jumped in October while home loans shrank, official figures show. Commercial loans soared 16.5 per cent in the month on a seasonally adjusted basis, driven by a surge in revolving credit, the Australian Bureau of Statistics says. But investment property loans partially offset those gains, down 2.9 per [...]
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Reserve Bank Cuts Rates But Where Are The Big 4?
The (RBA) Reserve Bank of Australia cut interest rates by 25 basis points to 4.25 per cent at 2.30pm AEDT yesterday, the second cut in as many months and the first back to back rates drop in almost three years. Glenn Stevens RBA Governor, in a statement issued with the interest rate cuts announcement discussed [...]
Continue →Home Equity Loans
In the booming housing market, many homeowners took the opportunity to renovate their homes. At the time it certainly seemed to make sense. Loans were generally easy to obtain and homes were selling quickly, in some cases at and above the asking price. Many homeowners realised it was an ideal time to renovate to include [...]
Continue →Home Loan Pre Approval – What Does It Mean?
Home Loan Pre Approval Pre Approved Home Loan ~ A formal or informal indication of how much a lending institution is willing to loan an applicant, before a property has been determined. All major banks and building societies offer loan pre approvals and all will be subject to some basic conditions before final approval; notably [...]
Continue →Pre Approval Home Loan: Tips for Securing One
Pre Approval Home Loan: Six Simple Tips for Securing One Make sure you meet basic loan requirements. If you have not been employed by your employer long (less than 12 months), don’t have a savings history and or have moved home in the past two years, it may be best to wait until your circumstances [...]
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