
Bank to offer rewards program for home loans
In a first for Australia, one bank will start rewarding borrowers with cash in return for home loan repayments.

In a first for Australia, one bank will start rewarding borrowers with cash in return for home loan repayments.

The majority of mortgage broking websites may become outdated after Google announced it is going to change the way it ranks sites.

Property prices in inner-city Melbourne have seen some hefty price rises since the start of the year.

The economy looks set for another interest rate cut next month with inflation having eased to 1.3 per cent in the March quarter.

The Federal Labor Party is looking at turning its attention to negative gearing as an attempt to boost the Budget bottom line.

The RBA has cut official interest rates by 25 basis points to a new record low of 2 per cent.

Melbourne’s property market has just had some fuel thrown onto the fire, with sales expected to spike with interest rates cut to a new record low.

The RBA has left the door open to further rate cuts today after many economists had put them down for a reasonable spell on the sidelines after this week’s rate cut.

Economists are pencilling in an extended period of steady interest rates after last week’s cut sent the official cash rate to a new record low.

Mortgage brokers could be penalised if they profit from breaking the rules around foreign property investment in changes outlined in last night’s Federal Budget.