Australia’s largest banks have put aside more than $7 billion in bad loan provisions related to COVID-19.
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With fixed interest rates running at record lows, the renting generation is finally keen to shoulder that massive debt.
While banks are encouraging customers to begin paying back loans, many are simply not in a position to do so.
First home buyers are turning to a parental guarantee and kids and parents alike seem to see the benefit.
According to APRA, $192 billion of mortgages have been deferred by authorised deposit-taking institutions (ADIs), comprising 11% of all housing loans.
One of ANZ Bank's most senior bankers says some borrowers who are unable to meet their mortgage payments will need to consider selling their properties in the c…
A new round of mortgage rate cuts is underway, with NAB trimming its rates last week to match cuts made by Westpac earlier this month.
Moving overseas does not cancel student loan debts and your repayment obligations do not change with your address. Current laws give the ATO power to pursue the…
The apartment glut in Melbourne and Sydney is adding further pain to the market as buyers struggle to finance their off-the-plan purchases.
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Access to finance is set to get easier, with a suite of reforms to be introduced by the federal government to help first homebuyers get into the property market and investors to bolster their portfolios.
Metricon Homes has continued its reign as Australia’s most prolific homebuilder, the fifth consecutive year it has built more houses than any other company.
Speculation is mounting around the prospects of further reductions in the official cash rate by the Reserve Bank of Australia, with some of Australia’s biggest banks slashing variable home loan rates.
The implications of COVID-19, and its exacerbation of the gap between rich and poor, are moving beyond the realm of immediate health and financial needs and shaping the future of our homes and communities.
Clearance rates have fallen and new project launches are getting scarce, but research from Urbis shows apartment markets across the country are holding relatively firm despite the challenges of the pandemic.
COVID-19 has created a sellers’ market in the City of Churches, and it is easy for buyers to pay too much or purchase something that is not ideal.
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